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Aarti Industries Q1FY15 Total income at Rs. 739 cr, Net Profit at Rs. 41 cr | ||
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Aug 11, 2014 19:42 IST
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Mumbai, Maharashtra, India
Editors’ Synopsis
For the Quarter ended June 30, 2014:
Total Income stood at Rs. 739.8 crore in Q1FY15, up by 24.62% compared to Rs. 593.4 crore in Q1FY14;
Net profit stood at Rs. 41.43 crore in Q1FY15, a rise in 83.89% as compared to Rs. 22.53 crore in Q1FY14
Q1FY15 EPS stood at Rs. 4.68 Vs Rs. 2.54 in Q1FY14 (up by 84.25%)
Aarti Industries Limited (AIL), a leading chemical company, has declared its financial results for the first quarter ended June 30, 2014.
The company on a Standalone basis, posted a net profit of Rs. 41.43 crore during Q1FY15, a rise in 83.89%, compared to Rs. 22.53 crore during Q1FY14. Total Income for the quarter ended June, 2014 stood at Rs. 739.8 crore, a rise in 24.62%, compared to Rs.
593.4 crore in Q1FY14. Q1FY15 EPS rose by 84.25% to Rs. 4.68 as compared to Rs. 2.54 in Q1FY14.
The company has reviewed and revised the estimated useful lives of Fixed assets to align with the provisions of Part C of Schedule II to the Companies Act 2013, effective from April 1, 2014. As a result the depreciation from the quarter was lower by Rs. 5.49 cr.
Commenting on the financial performance of the company Mr. Rajendra Gogri, Chairman and Managing Director, Aarti Industries Ltd, said, “Once again, we are pleased to announce a good set of numbers for the quarter. Our Speciality Chemicals and Home & Personal Care segments have grown significantly, fuelling a growth in the topline. Strong surge in offshore demands for chemicals coupled with a rise in domestic demand has led our numbers to propel. ”
About Aarti Industries Ltd (NSE Symbol: AARTIIND; BSE Scrip Code: 524208)
Aarti Industries Ltd (http://www.aartigroup.com), incorporated in the year 1984 and listed on stock exchanges in 1992, is a well known name in the field of Chemical Industry and is a leading supplier to global manufacturers of Dyes, Pigments, Agrochemicals, Pharmaceuticals & rubber chemicals.
Aarti Industries Ltd (AIL) is also a leading domestic player in nitrochlorobenzene (NCB) based specialty chemical business with the largest domestic manufacturing capacity of 60,000 tonnes per annum. The company offers over 150 products and is the market leader in more than 75% of its top 50 products. AIL has 16 manufacturing units spread across Gujarat, Maharashtra, Madhya Pradesh and Silvassa.
AIL is among the largest producers of benzene based basic and intermediaries in India. It is also among the largest integrated manufacturers of dimethyl sulphate (DMS), an organic specialty chemical which uses methanol and sulphur as feedstock
AIL has a diversified end-user base for its products with application into end-user industries such as dyes, pigments, FMCG, agrochemicals, pharmaceuticals, polymers etc. It has wide customer base of over 1,000 customers spread over 60 countries across the globe with major presence in USA, Europe, Japan and India.
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