Aim to clock Rs 850-900 crore revenues in FY18: Balaji Amines

Balaji Amines is on our radar after the co posted a good set of second quarter earnings. Margins and revenue were both strong for the company this quarter.

Margins in amines business improved, while losses on the hotel side were reduced amidst increase in revenues.

The revenues for the company were up 17 percent at Rs 202 crore versus Rs 172.2 crore for the same quarter last year. The year on year (YOY) margins were up at 26  percent versus 23.5 percent and PAT to was up 34 percent at Rs 29.16 crore versus rs 21.73 crore YoY.

Discussing the numbers and outlook for the businesses going forward, D Ram Reddy, JMD, Balaji Amines said for FY18 they expect to clock revenues between Rs 850 and Rs 900 crore.

He said hotel business to is expected to improve going forward.

The company is a leading manufacturer of aliphatic amines. Specialises in manufacturing methylamines and ehtylamines. It operates a five-star hotel in Solapur.

For entire interview, watch video