Balaji Amines reported a strong quarterly performance with consolidated net profit rising 81% year-on-year to ₹781 million, driven by robust volume growth and significant margin expansion across its core amines business. Revenue from operations grew 27% year-on-year to ₹4.56 billion from ₹3.58 billion in the same period last year. Standalone net profit also surged to ₹721.4 lakh, up 81% from ₹523.4 lakh in profit before tax in the prior year period, reflecting broad-based operational improvement.

The Board of Directors approved the unaudited standalone and consolidated financial results on July 27, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors M/s. M. Anandam & Co., Chartered Accountants, issued limited review reports on the financial statements. The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

Financial Performance

The company's consolidated financials reflect strong operational leverage, with profitability growing at a significantly faster pace than revenue. EBITDA more than doubled to ₹1.16 billion from ₹547 million in the year-ago period, while EBITDA margin expanded sharply to 25.41% from 15.26%, highlighting meaningful improvement in cost efficiency and product mix. The following table summarises key consolidated financial metrics:

Standalone revenue from operations was ₹4,227.4 lakh, up from ₹3,193.8 lakh in Q1FY26. Standalone profit before tax rose to ₹978.2 lakh from ₹523.4 lakh. Standalone net profit was ₹721.4 lakh, with basic earnings per share at ₹22.27, compared to ₹12.28 in the previous year. Total consolidated income reached ₹4,614.5 lakh, with tax expenses of ₹2,808.6 lakh recorded for the period.

Segment Analysis

The Amines & Speciality Chemicals segment remained the primary growth driver, contributing ₹4,528.9 lakh to segment revenue, up from ₹3,573.7 lakh in Q1FY26. Segment result before tax and interest for this division was ₹1,054.5 lakh, compared to ₹454.4 lakh in the corresponding period last year. The Hotel Division generated ₹79.9 lakh in revenue, down from ₹102.7 lakh, with a segment result of ₹16.0 lakh. Inter-segment revenue was ₹6.7 lakh, and the consolidated results include the subsidiary Balaji Speciality Chemicals Limited.

Total segment assets stood at ₹2,667.2 crore, while segment liabilities were ₹437.4 crore. The disproportionate growth in profit before tax (117%) relative to revenue growth (27%) indicates significant operating leverage. Cost of materials consumed rose to ₹2,460.9 lakh from ₹1,662.5 lakh, but employee benefits and other expenses remained relatively stable as a percentage of revenue, supporting the sharp EBITDA margin expansion observed in the quarter.

Balaji Amines Limited declared a dividend of Rs 11 per equity share for the financial year ended March 31, 2026, at its 38th Annual General Meeting (AGM) held on July 10, 2026. The meeting, conducted via video conference, approved the adoption of audited financial statements and the re-appointment of a director. The dividend declaration provides direct returns to shareholders, marking a key outcome of the company's annual proceedings.

Proceedings of the 38th AGM

The AGM commenced at 12:00 Noon IST and concluded at 12:35 P.M. Mr. Ande Prathap Reddy, Executive Chairman, chaired the meeting attended by 68 members. The company secretary confirmed compliance with the Ministry of Corporate Affairs General Circular dated September 22, 2025, and SEBI Circular dated October 3, 2024. The requisite quorum was present, and the notice convening the meeting was taken as read.

Financial Approvals and Resolutions

Shareholders adopted the Audited Financial Statements, including the Audited Consolidated Financial Statements for FY26. The Auditor's report and the Secretarial Audit Report contained no qualifications. The statutory auditors, M/s. M. Anandam & Co., were present. Four resolutions were passed with the requisite majority.

E-voting and Scrutiny

Remote e-voting was facilitated from July 7, 2026, to July 9, 2026. Mr. Mohit Gurjar, Practising Company Secretary and Partner at M/s. P S Rao & Associates, served as the scrutinizer. The scrutinizer is expected to submit the voting report to the stock exchanges within two working days from the conclusion of the meeting.