Aarti Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 06:18 am EST
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Aarti Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 18,890 million compared to INR 18,540 million a year ago. Revenue was INR 17,400 million compared to INR 16,680 million a year ago. Net income was INR 1,240 million compared to INR 1,370 million a year ago. Basic earnings per share from continuing operations was INR 3.42 compared to INR 3.77 a year ago. Diluted earnings per share from continuing operations was INR 3.42 compared to INR 3.77 a year ago.
For the nine months, sales was INR 50,570 million compared to INR 54,560 million a year ago. Revenue was INR 46,080 million compared to INR 49,640 million a year ago. Net income was INR 2,850 million compared to INR 3,970 million a year ago. Basic earnings per share from continuing operations was INR 7.85 compared to INR 10.94 a year ago. Diluted earnings per share from continuing operations was INR 7.85 compared to INR 10.94 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 
