Alkyl Amines Chemicals (506767) Q4 00/01 earnings summary

Executive summary

• FY2000-01 gross revenue was Rs.7,969.67 lakh, down from Rs.8,298 lakh; net loss was Rs.842.69 lakh versus profit of Rs.774.72 lakh.

• Loss drivers included lower finished-product realizations, higher methanol and ammonia costs, and increased interest and depreciation after expansion.

Financial highlights

• Total income was Rs.7,969.67 lakh versus Rs.8,286.26 lakh; manufacturing sales were Rs.7,478.18 lakh versus Rs.7,862.32 lakh.

• Operating profit before interest, depreciation and tax was Rs.660 lakh versus Rs.1,696 lakh; PBT was a loss of Rs.842.58 lakh versus profit of Rs.861.09 lakh in the accounts.

• Interest and financial expenses rose to Rs.1,058.67 lakh from Rs.567.48 lakh; depreciation increased to Rs.444.20 lakh from Rs.267.57 lakh.

• No dividend was recommended due to the year’s loss; equity paid-up capital increased to Rs.886.49 lakh after warrant conversion.

Outlook and guidance

• Dedicated production runs across plants following the Kurkumbh Ethylamines plant commissioning are expected to lift output and lower costs through scale economies.

• Higher contribution from Kurkumbh amine-derivative facilities is expected in coming years; in-house hydrogen availability has already reduced production costs.

• R&D priorities include new pharmaceutical, agrochemical and cosmetics intermediates and scaling up mixed-amine processes.