Friday, 12 May 2017

Balaji Amines slips nearly 8% on weak Q4 earnings

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Balaji Amines, a chemical and natural product manufacturing company, during Friday’s trade, slipped nearly 8% as the company posted dull Q4 earnings during Thursday’s post market hours. Balaji Amines' Q4 net profit slipped 23.2% at Rs 17.9 crore versus Rs 23.3 crore, while its total income increased 7.3% at Rs 193.1 crore versus Rs 179.9 crore.

The company in its filling to the exchange also added that the board of directors has recommended the payment of an annual dividend of Re. 2.20/- per equity share i.e. 110% of face value of Rs. 2/- per share and the same will be payable after the shareholders’ approval.

The stock had hit a record high of Rs 401.10 on 24 April 2017 and a 52-week low of Rs 195.40 on 13 May 2016.

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