Dolat Capital: Aarti Industries Posts Subdued Quarter Due To Lockdown

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Aarti Industries Ltd. reported standalone sales of Rs 9.04 billion, down by 8.8% YoY (our estimate Rs 9.5 billion).Ebitda and profit after tax too were in-line with our estimates at Rs 1.75 billion (our estimate Rs 1.76 billion) and Rs 815 million (our estimate Rs 795 million).Ebitda was down by 25.7% YoY to Rs 1.75 billion, while PAT fell by 40.7% YoY to Rs 815 million. The Company reported gross margin expansion of 133 basis points YoY to 52.2%.Staff costs grew by 29.9% YoY to Rs 868 million, while other expenses were controlled substantially at Rs 2.09 billion, up only by 4.3% YoY.Interest costs saw a sharp decrease of 16.9% YoY to Rs 252 million (the trend continues for five quarters).Specialty chemicals sales de-grew by 10.3% YoY to Rs 8.02 billion, Ebit contraction was even higher at 37.8% YoY to Rs 1.25 billion with a fall in Ebit margins by 690 basis points to 15.6%..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 brokerage 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.

Dolat Capital: Aarti Industries Posts Subdued Quarter Due To Lockdown

Dolat Capital: Aarti Industries Posts Subdued Quarter Due To Lockdown

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