Aarti Industries posts impressive Q2FY19 numbers

Aarti Industries reported superlative performance across the board in the second quarter of FY19.

The company’s revenue in the quarter was up by almost 46 per cent yoy at Rs. 1,299.5 crore. This growth was mainly driven by growth across the segments.

The company's core business, speciality chemicals grew by almost 50 per cent yoy to Rs. 1,039.10 crore. Pharmaceuticals and home & personal care chemicals grew by 40 per cent and 14 per cent yoy, respectively.

EBITDA during the quarter grew by almost 51 per cent yoy to Rs. 242.1 crore with corresponding margin expansion of 50 bps. EBITDA margin for the period stood at 18.60 per cent. Net profit too grew by almost 57 per cent yoy to Rs. 122.90 crore.

The company’s board of directors have approved raising capital by way of equity/debentures up to Rs. 750 crore

With response to this strong set of numbers, the stock of Aarti Industries spiked during Friday’s trading session. The stock opened gap-up at Rs. 1,376.50 per share as against its previous close of Rs. 1318.20. At 11.30 hours, the stock was trading at Rs. 1,372 apiece, up by almost 4.10 per cent.