Balaji Amines Hits Upper Circuit, Biggest Rally Since April 2015

Balaji Amines Ltd hit its 20% upper circuit limit on the BSE on 14 May, with the stock locked at Rs 1,622.55. It’s the biggest single-day gain for the stock since April 2015.

The catalyst was the company’s March quarter results, reported after Wednesday’s market close, which showed profit more than doubling from just three months ago.

Q4 FY26 consolidated net profit came in at Rs 63.21 crore, up 57.79% from the same quarter last year and up over 100% from Rs 31.43 crore in Q3 FY26. Revenue for the quarter grew 11.92% year-on-year to Rs 394.79 crore, and jumped 19.16% from the previous quarter.

The operating numbers added to the positive tone. EBITDA for the quarter rose 58% to Rs 94 crore, while operating margins expanded by 7 percentage points to 23.9% from 16.9% a year earlier.

For the full year FY26, revenue grew 2% to Rs 1,424.98 crore. Annual net profit rose 6.15% to Rs 167.20 crore, while profit before tax climbed 9.04% to Rs 232.49 crore.

The board declared a final dividend of Rs 11 per equity share of face value Rs 2 for FY26, subject to shareholder approval at the upcoming AGM. Balaji Amines had paid a similar dividend in August 2025 and July 2024 as well.

Even after today’s surge, the stock remains about 15% below its 52-week high of Rs 1,946. Year-to-date, shares are now up 47%.

During afternoon trade, shares were locked in upper circuit at Rs 1,622.55 on the BSE, up 20% on the day. The stock’s 52-week low stands at Rs 905.15.

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