Balaji Amines profit increased 39.96% in (Q2) FY 2020-21

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Team Infinities:

Balaji Amines Limited NSE Symbol:BALAMINES, BSE Security Code:530999 has declared its 2nd(second) quarter unaudited consolidated financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Balaji Amines Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
283.07 224.19 228.72 507.26 453.10
Calculated Revenue of Balaji Amines Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
58.88 26.26%(Revenue Increase) 54.35 23.76%(Revenue Increase) 54.16 11.95%(Revenue Increase)

Revenue: Balaji Amines Limited's financial report shows that the company's revenue increased by 26.26% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.58.88 crores, as the company posted revenue of Rs.283.07 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.224.19 crores.
The result also shows that the company's revenue increased by 23.76% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.54.35 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.228.72 crores.
The company also reported that its revenue increased by 11.95% in 6 months end(April, 2020 - September, 2020) for revenue increase of Rs.54.16 crores, since the company reported revenue of Rs.507.26 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.453.10 crores.

Gross Margin(%) Reported by Balaji Amines Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
44.75 51.92 65.38 47.91 70.70
Calculated Gross Margin(%) of Balaji Amines Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
7.17 13.81%(GM Decrease) 20.63 31.55%(GM Decrease) 22.79 32.23%(GM Decrease)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 13.81% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 7.17% GM decrease, as the company reported 44.75% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 51.92% GM.
The result also indicates, the company's GM decreased by 31.55% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 20.63% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 65.38% GM.
The company also reported that its GM decreased by 32.23% in 6 months end(April, 2020 - September, 2020) for 22.79% GM decrease, since the company reported 47.91% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 70.70% GM.

EBITDA Reported by Balaji Amines Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
74.39 54.50 46.22 128.89 85.15
Calculated EBITDA of Balaji Amines Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
19.89 36.50%(EBITDA Increase) 28.17 60.95%(EBITDA Increase) 43.74 51.37%(EBITDA Increase)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 36.50% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.19.89 crores, as the company posted EBITDA of Rs.74.39 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.54.50 crores.
The result also shows that the company's EBITDA increased by 60.95% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.28.17 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.46.22 crores.
The company also reported that its EBITDA increased by 51.37% in 6 months end(April, 2020 - September, 2020) for EBITDA increase of Rs.43.74 crores, since the company reported EBITDA of Rs.128.89 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.85.15 crores.

Profit and Loss Reported by Balaji Amines Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
44.20(Profit ) 31.58(Profit ) 28.74(Profit ) 75.78(Profit ) 47.22(Profit )
Calculated Profit and Loss of Balaji Amines Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
12.62 39.96%(Profit Increase) 15.46 53.79%(Profit Increase) 28.56 60.48%(Profit Increase)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 39.96% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.12.62 crores, as the company posted profit of Rs.44.20 crores; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.31.58 crores.
The result also shows that the company's profit increased by 53.79% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.15.46 crores; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.28.74 crores.
The company also reported that its profit increased by 60.48% in 6 months end(April, 2020 - September, 2020) for profit increase of Rs.28.56 crores, since the company reported profit of Rs.75.78 crores; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.47.22 crores.

EPS Reported by Balaji Amines Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
14.12 10.17 9.70 24.30 15.61
Calculated EPS of Balaji Amines Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
3.95 38.84%(EPS Increase) 4.42 45.57%(EPS Increase) 8.69 55.67%(EPS Increase)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 38.84% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.3.95, as the company posted EPS of Rs.14.12; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.10.17.
The result also shows that the company's EPS increased by 45.57% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.4.42; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.9.70.
The company also reported that its EPS increased by 55.67% in 6 months end(April, 2020 - September, 2020) for EPS increase of Rs.8.69, since the company reported EPS of Rs.24.30; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.15.61.

 


***All amounts are given in Crore Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.