Balaji Amines saw a dip in profits in the fourth quarter results posted recently. The profits are down by an odd 56% at Rs 1.67 crore versus Rs 3.84 crore. There is huge interest cost and tax burdens that have impacted their profitability, says D Ram Reddy, director-commercial of Balaji Amines.
In an exclusive interview with CNBC-TV18, he says that the new plant of the company remains non-productive and hence, has resulted to interest costs that had to be paid. However, he says,
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