Aarti Industries Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Net profit of Aarti Industries declined 9.18% to Rs 124.00 crore in the quarter ended December 2023 as against Rs 136.53 crore during the previous quarter ended December 2022. Sales rose 3.86% to Rs 1732.00 crore in the quarter ended December 2023 as against Rs 1667.68 crore during the previous quarter ended December 2022.

Powered by Capital Market - Live News

Aarti Industries will hold a meeting of the Board of Directors of the Company on 8 February 2024.

Powered by Capital Market - Live News

Aarti Industries (AIL) has signed a long-term agreement with a multinational conglomerate for the supply of a niche speciality chemical. The agreement spans four years and is expected to bring in revenue of over Rs 6000 crore for AIL.

The customer is part of a multinational conglomerate with diverse business interests, and AIL has had a strong and enduring relationship with them, having supplied the product for the last five years. The product plays a crucial role in AIL's long-term growth strategy, with its volume steadily increasing over the past 4-5 years.

AIL's existing capital expenditure programs are sufficient to meet the requirements of the contract, eliminating the need for additional capital expenditure.

Rajendra V. Gogri, chairman & managing director at Aarti Industries, expressed delight in announcing the successful execution of a new contract for the supply of a niche specialty chemical. Despite the global macro-economic challenges, this achievement demonstrates the company's strong expertise in diverse chemistries. Gogri emphasized AIL's commitment to leveraging its expertise, focusing on innovation, research and development, and maintaining a steadfast commitment to sustainability to forge further partnerships in the future.

Aarti Industries is a globally benzene-based speciality chemical company. It maintains a de-risked portfolio with a wide range of products and customers across 60 countries.

Powered by Capital Market - Live News

Aarti Industries announced the signing of a long-term agreement with a multinational conglomerate for supply of a niche speciality chemical. The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs. 6000 crore for the Company.

The customer is a part of a multinational conglomerate having diversified business interests. AIL has established robust relationships with this customer and has been supplying the said product for the past five years. While the association has developed over the years, this contract serves to reinforce and deepen the relationship over a medium to long-term duration. The product has been an integral part to AIL's long-term growth strategy, and its volume has consistently increased over the past 4-5 years. AIL's ongoing capital expenditure programs will meet the contract requirements, and hence, AIL does not anticipate any additional capital expenditure for this contract.

Powered by Capital Market - Live News