India · Delayed Price · Currency is INR Balaji Amines Earnings Call Transcripts
Fiscal Year 2027
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Q2 and H1 earnings rose strongly despite lower year-on-year volumes, with sequential EBITDA moderation. Expansion ramp-ups, new product commercialization, and a FY 2028–29 top-line target of INR 3,500–4,000 crore underpin the outlook.
Fiscal Year 2026
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FY26 revenue, EBITDA and PAT increased, with Q4 EBITDA margin reaching 25%. Growth projects underpin guidance, while volatile raw-material costs, DME transport approval and slower battery-sector uptake remain key uncertainties.
Fiscal Year 2025
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Q2 EBITDA margin improved to 19% as revenue was INR 341 crore and PAT INR 37 crore. Management expects H2 volume traction from approvals and new capacity, with next-FY growth dependent on commissioning and customer demand.
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Q4 FY25 improved QoQ, but full-year revenue, EBITDA and PAT declined YoY. Capacity projects support growth prospects, while pricing, import competition and pending approvals remain key constraints.
Fiscal Year 2024
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Q2 margins improved sequentially despite lower revenue and volume, while H1 consolidated results weakened YoY. Growth plans hinge on commissioning new capacity, price recovery and delayed battery and DME demand.
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Q4 FY24 revenue, EBITDA and PAT improved QoQ as volumes rose and input costs stabilized. FY25 guidance calls for at least 10% standalone volume growth and 21%–24% EBITDA margins, supported by new capacity and planned projects.
Fiscal Year 2023
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Q2 FY24 revenue, EBITDA and PAT fell QoQ amid destocking, weak end markets and input-cost volatility, despite higher volume. Management expects conditions to improve over the next two quarters and continues Unit IV expansion.
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Q1 FY24 revenue, EBITDA and PAT fell sharply amid global demand weakness and Chinese oversupply. Management maintained a 20%–22% EBITDA margin outlook and targets INR 4,000 crore revenue by FY26–FY27 as markets recover and capacity expands.