Ami Organics shares decline 2% as Kotak Mahindra MF buys stake worth ₹301 crore; check details

According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares, or a 6.59% stake, in two tranches in Gujarat-based Ami Organics.

The shares were acquired at an average price of ₹1,115 apiece, taking the combined transaction value to ₹300.81 crore.

Meanwhile, Ami Organics promoters Vaghasia Chetankumar Chhaganlal and Nareshkumar Ramjibhai Patel divested the same number of shares at the same price on the NSE.

After the stake sale, the combined holding of promoters and the promoter group in Ami Organics has declined to 29.36% from 35.96%.

On Tuesday, shares of Ami Organics were trading 1.97% lower at ₹1,165 apiece on the NSE.

For the March quarter, Ami Organics had posted strong numbers, with net profit more than doubling to ₹53 crore from ₹25 crore in the year-ago period.

Its revenue increased 37% year-on-year (YoY) to ₹308.5 crore, while earnings before interest, taxes, depreciation, and amortisation (EBITDA) nearly doubled to ₹85 crore, jumping 97%. The company’s operating margin improved significantly to 27.6% from 19.2% in Q4 FY24.

The speciality chemicals manufacturer’s exports contributed 74% of total revenue for the quarter, with the domestic market accounting for the remaining 26%.

Naresh Patel, Executive Chairman and Managing Director, said, “FY25 was a transformative year for AMI Organics, as we proudly surpassed ₹1,000 crore in revenue—a remarkable milestone. This achievement reflects the unwavering dedication of our employees and the invaluable support of our stakeholders.”

Meanwhile, last week, the firm informed through stock exchanges that the Ministry of Corporate Affairs has approved the change in name of the company from “Ami Organics Limited” to “Acutaas Chemicals Limited” with effect from May 15, 2025.