Shares of a small-cap chemical company soar by 4 per cent after delivering a 41 per cent increase in PAT!

The company is having ROE of 7.84 per cent and ROCE of 10.6 per cent.

Yesterday after the market closer Aarti Surfactants Ltd has declared its result for the first quarter ended on June 2023. Aarti Surfactants manufactures surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries in India and overseas.

Aarti Surfactants Limited has been a result of the demerger of the Home and Personal Care division of Aarti Industries Limited. The Company manufactures over 30 innovative and eco‐friendly surfactants and also creates custom surfactants. It got listed in 2020.

For Q1FY24 in comparison to the same quarter last year, the company net profit for the first quarter which ended on June 30, 2023 increased by 41.51 per cent to Rs 5.25 crore from Rs 3.71 crore. In Q1FY24, the company total net revenue decreased by 6 per cent from Rs 158.23 crore to Rs 148.73 crore in a similar quarter the year prior.      

Sequentially the company's net profit for the quarter which ended on June 30, 2023, increased by 11.94 per cent from Rs 4.69 crore. In Q1FY24, the company's total net revenue decreased by 5.82 per cent from Rs 157.93 crore in the similar quarter the year prior.

Yesterday the script was closed at Rs 613.70 today it was opened at Rs 668.95. It has 52 week high of Rs 934.57 and 52 week low of Rs 417.40. The company is having ROE of 7.84 per cent and ROCE of 10.6 per cent. Currently it is trading at Rs 637, up by 3.80 per cent. The BSE group ‘B’ stock has market capitalization of around Rs 530 crore.

Disclaimer: The article is for informational purposes only and not investment advice.