Alkyl Amines reported a muted Q3 performance with marginal declines across profit, revenue and margins, even as the stock recovered from intraday lows to trade higher post results.
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Alkyl Amines Chemicals Ltd reported a subdued performance for the third quarter, with key financial metrics showing modest year-on-year declines amid a challenging operating environment. Net profit for the quarter came in at ₹43 crore, down 1.4% from ₹43.6 crore in the same period last year.
Revenue declined 4.6% year-on-year to ₹354 crore, compared with ₹371.2 crore in the corresponding quarter of the previous fiscal.
EBITDA also edged lower by 0.8% to ₹67 crore from ₹70.4 crore a year ago, reflecting pressure on operating performance. Consequently, EBITDA margins softened marginally to 18.9% from 19% in Q3 last year.
Despite the muted earnings print, investor sentiment stabilised during the trading session. Shares of Alkyl Amines Chemicals fell to an intraday low of ₹1,560 following the results announcement but later recovered.
As of 2:04 PM, the stock was trading at ₹1,620.10 on the NSE, up ₹64.2 or 4.13% on Tuesday, indicating bargain buying at lower levels.
Also Read: Zydus Wellness Q3 Results: Nearly 2x jump in expenses lead to net loss but margins expand
Alkyl Amines is a leading global manufacturer of aliphatic amines and specialty chemicals, catering to diverse end-user industries including pharmaceuticals, agrochemicals, rubber chemicals and water treatment.
