Shares of Balaji Amines Ltd declined 4.6% to Rs 1,302.90 on the NSE on Tuesday, November 11, after the company reported subdued earnings for the second quarter of FY26, reflecting persistent pricing pressure across key product categories in the specialty chemicals segment.
The company’s net profit fell 15.6% year-on-year to Rs 34.5 crore, compared with Rs 41 crore in the same quarter last year. Revenue from operations stood at Rs 340.5 crore, down 1.8% YoY from Rs 346.8 crore.
EBITDA for the quarter came in nearly flat at Rs 59.8 crore, against Rs 60.6 crore in the corresponding period last year. The EBITDA margin remained stable at 17.5%, compared to 17.4% a year earlier, indicating steady cost control despite muted demand and pricing headwinds.
At the current price, Balaji Amines commands a market capitalization of Rs 42,290 crore and trades at a P/E ratio of 27.7 with a dividend yield of 0.84%.
The stock has traded between Rs 1,127.55 and Rs 2,119.90 over the past year.
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