| Management target | EBITDA FY28 |
|---|
| Revenue growth | 41% YoY growth, primarily driven by input price pass-throughs. |
|---|---|
| Margins | Higher margins due to product mix and low-cost inventory monetization. |
| Demand visibility | Stable core demand; fuel additives robust, polymer demand recovery expected Q2. |
| Management confidence | Balanced; optimistic on long-term targets despite near-term volume softness. |
Growth
Revenue hit ₹2,627 Cr and PAT grew 266% YoY, though growth was largely price-driven with volumes down 12% QoQ.
Outlook
FY27 Capex guided at ₹700-800 Cr; EBITDA target of ₹1,800 Cr for FY28 remains unchanged despite current delays.
Risks
Geopolitical conflict in West Asia slashed regional revenue share from 15% to 2%; six-month delay in Zone 4 expansion.
Last quarter's promises, checked
Delivered
- FY26 Capex ~₹1,125 Cr → delivered ₹1,125 Cr (= BEAT)
- FY26 EBITDA growth >15% → delivered 15% growth (= BEAT)
- FY26 PAT growth ~27% → delivered 27% growth (= BEAT)
Partly delivered
- FY27 Capex ₹700-800 Cr → current call confirms range (= PARTIAL)
Missed
- Zone 4 commissioning in FY26 → delayed by 3-4 months (= MISS)
- Net debt reduction in FY26 → debt rose to ₹4,900 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: AARTIIND. Summary written with AI assistance from the document.
Aarti Industries Ltd: key numbers
- Share price
- ₹489.25
- Market cap
- ₹17,746 Cr
- Revenue (annual)
- ₹8,286 Cr
- Net profit (annual)
- ₹419.1 Cr
- P/E (TTM)
- 33.4×Sector 37.5×
- Promoter holding
- 41.82%-0.27% QoQ
- FII holding
- 7.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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