Aarti Industries up by 2.3 per cent on strong results
Aarti Industries reported strong results in Q1FY19 with speciality chemicals business gaining traction and aiding strong top-line for the quarter.
The company's total revenue for the quarter rose by 36.2 per cent yoy to Rs. 1,078 crore in Q1FY19 vs Rs.792 crore in previous year's corresponding quarter. This was largely due to robust revenue growth in its speciality chemicals business up by 35 per cent yoy to Rs. 848 crore in Q1FY19 as against Rs.626 crore.
The EBITDA for the quarter rose by 35.8 per cent yoy to Rs. 188 crore in Q1FY19 vs Rs.138 crore in the previous year's corresponding quarter. The EBITDA margins for the quarter remained flat over the previous year at 17.4 per cent.
The net profit for the quarter rose by 41.5 per cent yoy and 5.3 per cent qoq to Rs. 89 crore in Q1FY!9 vs Rs. 63 crore in the previous year's corresponding quarter.
On Monday, the stock was trading up by 2.33 per cent at Rs. 1,305 per share.