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This Article is From Aug 01, 2024

Aarti Industries - Adverse Macro Hits FY24 Performance; Capex Intact For Long-Term Growth: Axis Securities

Aarti Industries - Adverse Macro Hits FY24 Performance; Capex Intact For Long-Term Growth: Axis Securities
(Source: Aarti Industries website)
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Aarti Industries Ltd.
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

Aarti Industries Ltd. displayed a resilient performance in FY24 despite the headwinds faced by the overall chemical industry. The company's business was impacted by factors such as reduced demand, economic slowdown in key global markets, inventory destocking, inflation, supply chain disruptions, etc.

Moreover, geopolitical tensions, such as military conflicts in the Middle East, led to increased freight costs and extended transit times. Nevertheless, the company managed to achieve growth in certain end-user segments (Discretionary), partially offsetting the impact.

The company concluded the year with revenue reaching Rs 7,012 crore, an Ebitda of Rs 976 crore, and profit after tax of Rs 416 crore.

Click on the attachment to read the full report:

Axis Securities Aarti Industries Annual Report Analysis.pdf
VIEW DOCUMENT

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