Business Standard

Balaji Amines slips 6%, hits 52-week low on disappointing Q3 results

The company said the fall in operating margin was primarily on account of de-growth in pharma and API sector

With markets facing headwinds, hold on to good stocks even when they fall

SI Reporter Mumbai
Shares of Balaji Amines hit a 52-week low of Rs 2,161.35, falling 6 per cent on the BSE in Tuesday's intra-day trade, after the company reported a weak operational performance in the December quarter. The consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) declined 582 bps to 22.14 per cent, with the company attributing the fall in operating margin to de-growth in pharma and API sector.

In Q3FY23, the company's revenue from operations grew 3.48 per cent to Rs 588 crore from Rs 569 crore in Q3FY22. Total sales volumes were up 2.02 per cent at 28,147 MT

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 07 2023 | 3:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to