Aarti Industries Results Earnings Call for Q3FY23
Conference Call with Aarti Industries Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.07-02-2023
07-02-2023
AARTI INDUSTRIES LTD. - 524208 - Recording Of Conference Call
Recording of Conference Call06-02-2023
AARTI INDUSTRIES LTD. - 524208 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Company has issued the Letter of Confirmation in lieu of Duplicate Share Certificate06-02-2023
Q3FY23 Quarterly Result Announced for Aarti Industries Ltd.
Specialty chemical firm Aarti Industries announced Q3FY23 results: Q3FY23: Revenues of Rs 1,854 crore; an increase of 12% over the previous year. EBITDA of Rs 289 crore; an increase of 26% over the previous year. PAT of Rs 137 crore. Revenue grew on a YoY basis on account of inflated RM prices, utility costs, freight costs, etc. On QoQ, despite some corrections in prices, revenues were maintained on account of a higher mix of value-added products. Performance was also steered by higher contributions from the legacy products targeting essential end-user segments due to continued better operating environment; incremental revenues from newly added capacities further aided the performance momentum. Product offtake linked to the Textiles industry like Dyes and Pigments remains subdued, as directed in the previous quarter. The same is expected to start recovering over the next two to three quarters. Witnessed QoQ decline in some input costs and logistics, while few still remained elevated during the quarter. The company has robust pricing mechanisms in place to mitigate the impact of these inflationary cost pressures, and the same is being passed on to the customers thereby protecting absolute profitability. EBITDA improvement was significant, which came on the back of our dynamic product mix and our efforts to mitigate the global challenges to push for a few high-value products while the demand for a few of the products remains subdued. Depreciation as guided earlier is in line with the new capacities commissioned. While Finance costs had an impact of M2M loss of about Rs 11 crore in respect of the unhedged ECBs. Various growth initiatives like NCB capacity expansion and specialty chemicals plants are ongoing. These are expected to come on stream over the next two quarters and will start revenues in a phased manner from H1FY24. Commenting on the performance for Q3 FY23, Rajendra Gogri, Chairman & MD at Aarti Industries Limited, said: “We have demonstrated sustained performance build-up during the period under review, with strong gains in both topline and profitability metrices despite softness in demand across few end-user categories. I am glad how our teams have swiftly reacted to this changing operating scenario and channelized their vast industry experience to deliver a resilient performance. New capacity lines added in the past few quarters have started contributing to the overall performance and this will ramp up in the ensuing period. We witnessed a moderation in some input cost line items, while inflation in other costs persisted. We expect this to stabilize soon, the impact of which will be evident in the ensuing period. Our historic partnership on Nitric Acid off-take will significantly benefit us in the long run and ensure that we remain adequately fueled to achieve our ambitious growth projections. On a separate note, I am pleased to share that we have commercialized the facility linked to the 3rd Long-Term Contract at Jhagadia, a positive contribution of which will start unfolding from the next financial year. Our growth aspirations are huge, and we are making all the right investments to ensure that we further cement our leadership position in the chosen chemistries, while leveraging our expertise in some of the high-potential newer chemical value chains where the addressable opportunity is humongous. The coming two years will see maximum gains arising from various CAPEX projects announced in the past. Overall, we remain confident of delivering what is expected out of us through a combination of our expertise in manufacturing and process enhancements, blended with strength in R&D; and innovation. Our objective is to increase shareholder value by capitalizing on the positive sector tailwinds.” Result PDF05-02-2023
AARTI INDUSTRIES LTD. - 524208 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the Q3 FY23 Results Presentation of the Company for your records.05-02-2023
AARTI INDUSTRIES LTD. - 524208 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation for loss of Share Certificates04-02-2023
AARTI INDUSTRIES LTD. - 524208 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication of Standalone & Consolidated Financial Results for the quarter and nine months'' ended December 31, 202204-02-2023
AARTI INDUSTRIES LTD. - 524208 - Corporate Action - Fixed Record Date For Interim Dividend
Corporate Action - Fixed Record Date for Interim Dividend03-02-2023
AARTI INDUSTRIES LTD. - 524208 - Corporate Action-Board approves Dividend
Declaration of Interim Dividend for Financial Year 2022-2303-02-2023