BALAMINES Q2 FY27 Guidance vs Delivery (BALAMINES Management Mirror)

Q2 FY27 Consolidated EBITDA Margin Reported at 21.7%, Meeting the 22-23% Guided in Mar'26 Qtr

In the Sep'26 Qtr reported financial results, Balaji Amines posted a consolidated EBITDA of INR 10,158 Lakh, translating to an EBITDA margin of 21.7%. This outcome aligns with the sustainable EBITDA margin guidance of 22% to 23% provided by management in the Mar'26 Qtr concall, which was an upgrade from the 20% to 22% normalized range guided earlier in the Sep'25 Qtr. Looking ahead, management expects to sustain these margins as raw material conditions remain stable and new products commercialize, shifting operational focus purely to maximizing capacity utilization across facilities to 80% to 90% by Q1 FY28.