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Aarti Industries Ltd Q1FY13 Net Profit increases 38.5% to Rs 25 crore; Total Income up by 15% to Rs 448.89 crore

Thu, 08/09/2012 - 11:24pm
IndiaPRwire

Mumbai, Maharashtra, August 9, 2012 /India PRwire/ -- Aarti Industries Limited (AIL), a leading company in the field of Indian chemical industry, today declared its financial results for the first quarter ended June 30, 2012.

AIL recorded a healthy jump of 38.57% in Net Profit to Rs 25.04 crore for Q1 FY13, as compared to Rs 18.07 crore in the corresponding quarter of last fiscal.

Total Income for the quarter ended June 30, 2012 stood at Rs 448.89 crore, up 15.23%, as compared to Rs 389.56 crore in the same period last year. The jump in revenue was backed by healthy growth in pharma, agri-intermediates and fertilizer and performance chemicals.

Commenting on the financial performance of the company Mr. Chandrakant Gogri, Chairman, Aarti Industries Ltd, said, "We are pleased to report yet another good quarter. We have clocked a healthy rise in the pharma segment and are hopeful to maintain the growth momentum. Other segments like performance chemicals and agri-intermediates & fertilizer too saw growth during the first three months of the current financial year."

In the pharma segment, the company registered a growth of 151% with profit before tax and interest standing at Rs 2.11 crore during June, 2012 quarter as against Rs 84 lakhs of the corresponding period a year ago. Performance chemical and agri-intermediates & fertilizer both the segments registered growth of over 21% during the Q1FY13 as compared to year ago quarter.

Earnings per share (EPS) for the quarter ended Q1FY13 stood at Rs. 3.16, up 33.90% as compared with Rs 2.36 for the quarter ended June 30, 2011.

Notes to Editor

About Aarti Industries Ltd (NSE Symbol: AARTIIND; BSE Scrip Code: 524208)

Aarti Industries Ltd (http://www.aartigroup.com), incorporated in the year 1984 and listed on stock exchanges in 1992, is a well known name in the field of Chemical Industry and is a leading supplier to global manufacturers of Dyes, Pigments, Agrochemicals, Pharmaceuticals & rubber chemicals.

Aarti Industries Ltd (AIL) is also a leading domestic player in nitrochlorobenzene (NCB) based specialty chemical business with the largest domestic manufacturing capacity of 60,000 tonnes per annum. The company offers over 150 products and is the market leader in more than 75% of its top 50 products. AIL has 16 manufacturing units spread across Gujarat, Maharashtra, Madhya Pradesh and Silvassa.

AIL is among the largest producers of benzene based basic and intermediaries in India. It is also among the largest integrated manufacturers of dimethyl sulphate (DMS), an organic specialty chemical which uses methanol and sulphur as feedstock

AIL has a diversified end-user base for its products with application into end-user industries such as dyes, pigments, FMCG, agrochemicals, pharmaceuticals, polymers etc. It has wide customer base of over 1,000 customers spread over 60 countries across the globe with major presence in USA, Europe, Japan and India.

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