Alkyl Amines Chemicals has seen its shares soar more than 6% following the release of its robust Q2 2024 financial results. The company reported a total revenue of ₹424.05 crores, up from ₹404.41 crores in Q1 2024 and a significant increase from ₹354.50 crores in Q2 2023.
Profit Before Tax for the quarter stood at ₹64.33 crores, slightly down from ₹65.91 crores in the previous quarter but significantly up from ₹36.43 crores year-on-year. Over the first half of FY2024, the company achieved a profit before tax of ₹130.24 crores, compared to ₹102.82 crores in the same period last year, indicating strong operational performance.
Net Profit for Q2 2024 was reported at ₹47.46 crores, compared to ₹48.87 crores in Q1 2024 and a substantial increase from ₹27.24 crores in Q2 2023. The half-year net profit reached ₹96.33 crores, marking a rise from ₹77.01 crores in the prior year.
As of 1:50 pm, Alkyl Amines Chemicals shares were trading 3.95% higher at Rs 2,189.10 on the NSE.
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