Aarti Industries Ltd.'s net profit declined in the fourth quarter of fiscal 2024, though it was in line with analysts' estimates.
The company posted a net profit of Rs 132 crore in the quarter-ended March 31, 2024, in comparison with Rs 149 crore in the year-ago period, according to an exchange filing on Friday. Analysts tracked by Bloomberg had estimated a profit of Rs 131 crore.
Aarti Industries Q4 FY24 Highlights (Consolidated, YoY)
Revenue up 7.06% to Rs 1,773 crore vs Rs 1,656 crore (Bloomberg estimate: Rs 1,851 crore).
Ebitda up 12.3% to Rs 283 crore vs Rs 252 crore (Bloomberg estimate: Rs 289 crore).
Margin expands 74 bps to 15.96% vs 15.21% (Bloomberg estimate: 15.6%).
Net profit down 11.4% at Rs 132 crore vs Rs 149 crore (Bloomberg estimate: Rs 131 crore).
Shares of Aarti Industries closed 1.09% higher at Rs 672.5 apiece on Friday, as compared with a 0.44% advance in the benchmark Nifty 50.
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