Balaji Amines Q3 net plunges to Rs 7.22 crore in FY13

MUMBAI: Balaji Amines today reported 33 per cent decline in net profit at Rs 7.22 crore in the third quarter ended December 2012, compared to Rs 10.77 crore in the same period last fiscal.

The net sales also declined marginally at Rs 107.74 crore in the December quarter as against Rs 112.60 crore in the corresponding period last fiscal, the company said in a statement.

Balaji Amines is engaged in manufacture of speciality chemicals, aliphatic amines and its derivatives, addressing the needs of APIs, agrochemicals, rubber chemicals, water treatment chemicals, refineries and other industries in the domestic and global markets.

The Chennai-based company, reported consolidated net profits at Rs 47.40 crore during the corresponding period a year ago.

The total income from operations for the third quarter ending December 31, 2012 declined to Rs 449.01 crore from Rs 497.32 crore in the corresponding period last year, Carborundum Universal said in a statement.

The Chennai-based company reported consolidated net profit at Rs 5.48 crore during the corresponding period of previous year, a company statement said.

For the financial year ending September 30, 2012 the net profits of the company stood at Rs 29.41 crore.

For the first quarter ending December 31, 2012 the net sales of the company rose to Rs 138.77 crore as against Rs 101.28 crore registered during the corresponding period of previous year.