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Balaji Amines (530999) investor relations material
Balaji Amines Q4 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY26 delivered stable operations and improved profitability; Q4 benefited from operating leverage, cost efficiencies, inventory planning and product mix.
A temporary geopolitical disruption affected production in March 2026; inventory planning and raw-material availability helped sustain customer supplies.
FY27 priorities include improving utilization, executing growth projects and scaling new products gradually.
Financial highlights
Q4 FY26 consolidated revenue was ₹403 crore vs ₹361 crore YoY; EBITDA was ₹102 crore vs ₹68 crore and PAT was ₹65 crore vs ₹40 crore.
FY26 consolidated revenue was ₹1,454 crore vs ₹1,430 crore; EBITDA was ₹294 crore vs ₹265 crore and PAT was ₹169 crore vs ₹159 crore.
Q4 FY26 standalone revenue was ₹370 crore vs ₹327 crore; EBITDA was ₹94 crore vs ₹64 crore and PAT was ₹62 crore vs ₹40 crore.
FY26 operating cash flow was ₹184 crore vs ₹255 crore; investing cash outflow was ₹344 crore vs ₹139 crore, and cash and equivalents closed at ₹74 crore.
Consolidated net worth was ₹2,152 crore at March 2026; debt was ₹133 crore, while standalone operations remained debt-free.
Outlook and guidance
FY27 consolidated volume growth guidance was 10%-15%; new plants and battery-sector ramp-up were also cited as supporting 20%-30% growth, with 25%-30% targeted by FY27 end from current volumes.
EBITDA margin was guided to remain sustainable at 22%-23% of sales, subject to raw-material conditions; ₹3,000 crore revenue by FY28 was reaffirmed, conditional on expected conditions continuing.
DME commissioning was expected in Q1 FY27; utilization was estimated at 30%-40% in FY27, rising to 50%-60% by year-end and 80%-90% the following year, subject to approvals and customer trials.
NMM capacity of 5,000 TPA is planned for FY27; the improved-process ACN plant is targeted for Q2 FY27 commissioning.
BSCL Unit I EDA-based products are targeted for H1 FY27 and Unit II HCN, NaCN and EDTA facilities for Q4 FY27.
- Q3FY25 earnings declined YoY as new capacity projects and demand recovery frame the FY26 outlook.530999
Q3 24/25 - Revenue reached ₹367 crore; margins face near-term pressure as capacity expands.530999
Q1 24/25 - Q3 profits rebounded QoQ as new products and expansion projects advanced.530999
Q3 23/24 - Q1FY24 earnings fell sharply amid weak demand; capacity expansion supports the FY26–FY27 revenue target.530999
Q1 22/23 - Destocking and cost volatility pressured Q2FY24 margins as expansion projects advanced.530999
Q2 22/23 - Q4 rebounded QoQ as FY24 earnings fell and expansion projects advanced.530999
Q4 23/24 - Q2 margin improved to 20%; expansion and growth hinge on execution and demand recovery.530999
Q2 23/24 - FY25 earnings fell; Q4 recovered QoQ as capacity projects advanced amid pricing and approval risks.530999
Q4 24/25 - Muted demand weighed on Q2, while new capacity is expected to support recovery.530999
Q2 24/25
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