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ICICI Direct Report
Aarti Industries Ltd.’s Q2 FY21 gross revenues grew 23.5% YoY to Rs 1330.4 crore amid strong growth in both segments.
Specialty chemical revenues grew 23.9% YoY to Rs 1108.8 crore. Pharma revenues grew 21.7% YoY to Rs 221.6 crore.
However, owing to higher goods and services tax outgo, operational revenues grew 8.9% YoY to Rs 1172.6 crore.
Ebitda margins fell 191 basis points YoY to 21.7% amid higher fixed cost and adverse product mix in chemical segment.
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