Aarti Industries in the limelight
Aarti Industries is in the limelight today on the back of its very good earnings reported for Q2FY19. The stock price rose 7% to Rs.1410, which is not too far from its 52-week high of Rs.1434.95.
The company posted a 46% (YoY) rise in revenue at Rs.1299 crore and net profit showed a very healthy jump of 57% at Rs.123 crore.
EBITDA came in at Rs.242 crore, up 51% while margins rose 58 bps to 18.6%.
The topline growth was aided by increased volumes and better realizations in specialty chemicals and phama unit though home and personal care segment saw pressure on account of increased raw material prices.
Its specialty chemicals revenue rose 50% (YoY) with a 63% jump in EBIT. Pharma unit revenue rose 40% and EBIT was up 53%. Home and Personal care segment revenue rose 13% but its loss increased to Rs.4 crore.
Its total debt has risen to Rs.2092 crore, up from Rs.1884 crore at the end of FY18. Consequenlty, finance costs has gone up significantly by 63% (YoY).