ALFA Finder| 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
- ₹481.95
- Market cap
- ₹17,482 Cr
- Revenue (annual)
- ₹8,286 Cr
- Net profit (annual)
- ₹419.1 Cr
- P/E (TTM)
- 29.5×Sector 35.1×
- Promoter holding
- 41.82%+0.00% QoQ
- FII holding
- 6.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Aarti Industries Ltd
All →Aarti Industries Earnings Call Transcript: Key Takeaways
Aarti achieved record quarterly EBITDA but faces ballooning debt and working capital stress due to raw material inflation. Management is pivoting from heavy capex to asset sweating and deleveraging via a ₹1,000 Cr fundraise.
Aarti Industries Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹3,887 Cr (+73% YoY), EBITDA ₹418 Cr (+44%), PAT ₹169 Cr (+60%); H1 PAT ₹324 Cr (+117%). Zone IV commercialisation and a 10+ year supply deal anchor growth.
Aarti Industries Annual General Meeting
Aarti Industries shareholders held an EGM on October 31, 2026 and considered a special resolution. The resolution enables raising up to Rs. 1,000 crore through QIP, private placement or preferential issue, in one or more tranches.
Aarti Industries Results Update
Aarti Industries issued a press release on Q2 and H1 FY27 unaudited results, reporting record quarterly EBITDA and higher volumes. Growth was driven by export demand.
- fuel additives capacity
- 70.0 KTPA
Aarti Industries Q2 FY27 Results: Net Profit ₹169 Cr, Up 59.4% YoY
Aarti Industries Ltd reported revenue from operations of ₹3,668 Cr (+74.7% YoY) and net profit of ₹169 Cr (+59.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹169 Cr · +59.4% YoY
Aarti Industries Board Meeting Date
Aarti Industries has scheduled a Board Meeting on 30 October 2026 to consider and approve unaudited financial results for Q1/H1 FY27. The trading window remains closed until 48 hours after results declaration.