Aarti Industries - One-Offs Drag Q4; Strong Visibility To Support Growth: ICICI Direct
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ICICI Direct Report
Aarti Industries Ltd.’s Q4 FY21 revenues grew 12.4% YoY to Rs 1,209.4 crore amid 14.2% growth in speciality chemicals to Rs 1,123 crore and 8.5% growth in pharma segment to Rs 223.8 crore.
Ebitda margins improved 118 basis points YoY to 21.5%.
Improvement in gross margins by 548 basis points YoY was largely offset by higher other expenditure amid maintenance shutdown and commissioning of new plants.
Ebitda grew 18.9% YoY to Rs 260.3 crore.
Profit after tax grew 23.3% YoY to 136.1 crore amid strong operational performance.
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