Aarti Industries Q2 Review - Mixed Bag; Long-Term Story Intact: KRChoksey

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Research Report.Aarti Industries Ltd.’s consolidated revenue grew 32.3% YoY/17.8% QoQ to Rs 15.5 billion.Specialty chemical revenue grew 36.2% YoY/20.8% QoQ to Rs 14.8 billion, while pharma sales grew 15.4% YoY/1.0% QoQ to Rs 2.7 billion.Gross profit margin contracted by 368 basis points YoY and 665 bps QoQ to 47.0% in Q2 FY22,mainly due to higher raw material prices.Ebitda grew 21.8% YoY to Rs 3.1 billion; on a sequential basis Ebitda was down by 1.3%.Ebitda contracted 172 bps YoY/387 bps QoQ to 20.0% in Q2 FY22.Depreciation rose by 29.2% YoY/3.6% QoQ to Rs 711 million, while finance cost dropped 16.6% YoY/51.7% QoQ to Rs 185 million.Aarti Industries' adjusted profit after tax saw a growth of 25.5% YoY/6.8% QoQ to Rs 1.8 billion, while net profit margin fell of 61 bps YoY/117 bps QoQ to 11.3%..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Aarti Industries Q2 Review - Mixed Bag; Long-Term Story Intact: KRChoksey

Aarti Industries Q2 Review - Mixed Bag; Long-Term Story Intact: KRChoksey

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