Executive Summary
Aarti Industries Ltd reported Q3FY26 revenues of ₹2,318 crore, up 25.77% YoY, with consolidated net profit surging 189.13% to ₹133 crore. Strong sequential volume recovery across energy and agrochem segments, plus tax relief benefits, drove exceptional profitability despite global trade pressures.
Revenue & Growth
Revenues grew to ₹2,318 crore (net ₹2,319 crore) from ₹1,843 crore YoY, reflecting 25.77% expansion led by MMA energy demand and U.S. volume rebound. Total expenses rose 20.96% YoY to ₹2,187 crore, moderated by operational leverage and cost discipline.
Profitability & Margins
Consolidated net profit jumped 189.13% YoY to ₹133 crore from ₹46 crore, boosted by ₹29 crore interest income from historic tax appeals. EBITDA reached ₹323 crore with 12.89% margins; EPS rose 188.98% to ₹3.67 from ₹1.27.
Balance-Sheet Highlights
Net debt-equity ratio at 0.69; current ratio 0.75 indicate balanced leverage amid capex. ₹15 crore exceptional labor code provision noted, pending government clarifications.
Cash Flow / Liquidity
Operating cash flow, free cash flow, and liquidity metrics are not specified in the Q3FY26 dataset.
Key Ratios / Metrics
PBT at ₹118 crore; tax relief netted ₹3 crore benefit post-MAT. Zone IV MPP commissioning planned Q4FY26 supports 11% sequential growth trajectory.