After the en masse resignation of five of its independent directors (IDs) in May, Balaji Amines Ltd (BAL) says its first quarter results for the financial year (FY)23-24 are delayed due to the non-availability of its management.
Balaji Amines share price: The weakness in the share price came after the company posted a 57.81 per cent decline (year-on-year) in the March 2023 quarter (Q4 FY23). Profit after tax (PAT) for Q4 FY23 was Rs 55.21 crore as compared to Rs 130.85 crore in Q4 FY22. Diluted EPS (earnings per share) for Q4 FY23 stood at Rs 14.63 per equity share as against Rs 33.56 in Q4 FY22.