Aarti Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 04, 2023 at 07:11 am EDT
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Aarti Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 15,970 million compared to INR 18,470 million a year ago. Revenue was INR 14,540 million compared to INR 16,850 million a year ago. Net income was INR 910 million compared to INR 1,240 million a year ago. Basic earnings per share from continuing operations was INR 2.5 compared to INR 3.43 a year ago. Diluted earnings per share from continuing operations was INR 2.5 compared to INR 3.43 a year ago.
For the six months, sales was INR 31,680 million compared to INR 36,030 million a year ago. Revenue was INR 28,680 million compared to INR 32,960 million a year ago. Net income was INR 1,600 million compared to INR 2,600 million a year ago. Basic earnings per share from continuing operations was INR 4.43 compared to INR 7.17 a year ago. Diluted earnings per share from continuing operations was INR 4.43 compared to INR 7.17 a year ago.
Aarti Industries Limited is an India-based company, which is engaged in manufacturing and dealing in specialty chemicals and intermediates. The Company specializes in benzene-based derivatives. The Company operates through two segments: Specialty Chemicals and Pharmaceuticals. Its Specialty Chemicals segment serves polymer and additives; agrochemicals and intermediates; dyes, pigments, paints, and printing inks; pharma intermediates, and fuel additives, rubber chemicals, and resins markets. Its Pharmaceuticals segment serves active pharmaceutical ingredients and intermediates for innovators and generic companies. The Companyâs chemical product category include Chlorination, Nitration, Hydrogenation, Ammonolysis, Halex, Dinitro chlorination, Alkylation, Hydrolysis, Methoxylation, Esterification, Diazotization, Sulphonation, Condensation, N-Alkylation, Oxidation, and Other (inorganic). The Company also provides for analytical and process safety testing.
AARTI INDUSTRIES LIMITED 
