Indian chemical manufacturers Balaji Amines Ltd and Alkyl Amines Chemicals Ltd experienced a substantial boost in their stock prices on Thursday, May 14, 2026. Balaji Amines shares locked in a 20 percent upper circuit, reaching Rs 1,622.55 per share on the BSE, a sharp increase from its previous close of Rs 1,352.15.
The positive sentiment extended to sector peer Alkyl Amines Chemicals, which saw its shares jump over 15 percent, touching a day's high of Rs 1,889.90. The market enthusiasm was primarily fueled by Balaji Amines' strong financial performance in its fourth-quarter earnings report for the fiscal year 2026.
Robust Q4 FY26 Performance Drives Balaji Amines Shares
According to a filing submitted to exchanges post-market hours on Wednesday, Balaji Amines reported a consolidated net profit attributable to owners of Rs 63.20 crore for the quarter ended March 2026. This represents a significant 57.7 percent year-on-year growth compared to the Rs 40.06 crore recorded in the same quarter last year.
The company also saw a healthy increase in its operational revenue, which rose by 11.9 percent to Rs 394.78 crore, up from Rs 352.72 crore in Q4 FY25. Total income for the quarter stood at Rs 403 crore.
Key Financial Highlights:
- Net Profit: Rs 63.20 crore (up 57.7% YoY)
- Revenue from Operations: Rs 394.78 crore (up 11.9% YoY)
- EBITDA: Rs 102 crore (up 50% from Rs 68 crore in Q4 FY25)
- Total Sales Volume: 27,341 metric tonnes (MT), up from 25,872 MT in Q4 FY25
The impressive earnings, particularly the 50 percent jump in EBITDA to Rs 102 crore from Rs 68 crore in the corresponding period of the previous fiscal, underscore the company's strong operational efficiency and market position. This solid financial update provided a clear trigger for the significant rally in both Balaji Amines and Alkyl Amines stock prices.