Corporate Announcement
Security Code : 530999    Company : BALAMINES    
 
Outcome of Board MeetingDownload PDF
  Exchange Disseminated Time     30/07/2016 19:31:26
Balaji Amines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2016, inter alia, has transacted the following matters;

1. The Key operating highlights of the Un-Audited Financial Results for the Quarter ended June 30, 2016 are as under:

- Recorded net sales of Rs.16572.30 lakhs for the Quarter ended June 30, 2016.

- Profit Before Tax (PBT) for the quarter ended June 30, 2016 is Rs. 3452.65 lakhs for the current year as against Rs. 1953.91 lakhs for the corresponding quarter ended June 30, 2015, during the previous year which has increased by 76.71%.

- An increase of around 105.51 % in Profit After Tax ( PAT) for the quarter ended June 30, 2016, to Rs. 2634.08 Lakhs (includes profit of Rs.162.58 Lakhs arising out of Land acquisition by NHAI, Govt of India) for the current year as against Rs. 1281.72 lakhs for the corresponding quarter ended June 30, 2015 during the previous year.

- The Board has taken a decision to set up a new plant for manufacture of Morpholine at unit-ill with an installed capacity of 10000 MTPA.
 

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