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Deepak Fertilisers posts over five-fold jump in Q4 profit at Rs 116 cr

Deepak Fertilisers and Petrochemicals Corporation Ltd on Friday reported over five-fold jump in consolidated net profit at Rs 115.80 crore for March quarter 2020-21 on strong sales. The Pune-based company had posted a net profit of Rs 22.50 crore in the same quarter of the previous fiscal year, according to a regulatory filing. Net income rose to Rs 1,580.79 crore in the fourth quarter of 2020-21 from Rs 1,307.13 crore in the year-ago period. Expenses were higher at Rs 1,401.78 crore from Rs 1,284.70 crore. The company s board has recommended a dividend of Rs 7.50 per equity share for 2020-21 subject to approval of shareholders. Shares of the company settled 5.66 per cent higher at Rs 307.05 apiece on BSE.

Balaji Amines Q4 PAT soars to Rs 89 cr

On a consolidated basis, Balaji Amines net profit surged 200.50% to Rs 88.80 crore on 60.46% jump in net sales to Rs 414.03 crore in Q4 March 2021 over Q4 March 2020. Profit before tax (PBT) soared 194.99% to Rs 120.27 crore in Q4 FY21 as against Rs 40.77 crore in Q4 FY20. During the financial year, Balaji Amines net profit spurted 149.81% to Rs 243.49 crore on a 40.14% increase in net sales to Rs 1,311.45 crore in FY 2021 over FY 2020. Meanwhile, the board has recommended a final dividend of Rs 4 per equity share. Balaji Amines makes methylamines, ethylamines, derivatives of specialty chemicals and pharma excipients. The company is one of the leading manufacturers of aliphatic amines in India.

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