Balaji Amines Ltd (NSE:BALAMINES)

Q2 2026 Balaji Amines Ltd Earnings Call Transcript

Nov 12, 2025 / 07:00AM GMT

Release Date Price: ₹1269.8 (-1.75%)

Transcript

Key Points

Positve

Balaji Amines Ltd (BOM:530999) maintained healthy margins with EBITDA improving to 19% in Q2 FY26 from 17% in Q1 FY26.
The company remains a zero-debt entity with strong cash positions and prudent working capital management.
New projects, including the DME plant and N-methyl morphine projects, are advancing well and expected to be commissioned soon, indicating future growth potential.
The company is focusing on product diversification, process innovation, and sustainable manufacturing practices, which are expected to drive long-term growth.
Balaji Amines Ltd (BOM:530999) is making progress in its green chemistry initiatives, with 80% of manufacturing powered by solar energy.

Negative

Revenue from operations decreased to INR341 crore in Q2 FY26 from INR358 crore in Q1 FY26, indicating a decline in sales.
The company is facing challenges in the domestic EV battery market, with only 20% capacity utilization for EV-based products.
There are delays in receiving government approvals for LPG blending, affecting the commissioning of the DME plant.
The company is experiencing volatility in raw material prices, particularly methanol and ammonia, which could impact margins.
Utilization levels for some newly commissioned assets remain below optimum due to global uncertainties and demand challenges.

Operator

Ladies and gentlemen, good day, and welcome to Balaji Amines Limited Q2 FY26 earnings call hosted by Elara Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Gagan Dixit. Thank you, and over to you, sir.

Gagan Dixit

Elara Securities India Private Limited - Analyst

Very warm welcome to everyone to discuss Balaji Amaance Q2 FY26 result. It is our pleasure to be able to bring to you the management of Balaji Amines Limited, led by Mr. T. Ram Reddy, who is the managing director. So with these words, I will now hand over the conference to the Balaji Aines Management. Over to you, sir.

Dundurapu Reddy

Balaji Amines Ltd - Managing Director

Good afternoon, everyone.

I extend a warm welcome to all of our investors and stakeholders joining us to discuss the performance of Balaammas Limited for the quarter and off year ended September 30th, 2025.

During Q2 and H1 FY 26, our performance reflected stability amidst

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