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Results
09-Nov-24
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Analysis
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Aarti Industries
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Sales up 12%, NP down 43%
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Net
sales (including other operating income) of Aarti Industries has increased
11.97% to Rs 1628 crore.
Operating
profit margin has declined from 16.02% to 12.10%, leading to 15.45% decline in
operating profit to Rs 197.00 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
58.44% to 61.97%. Purchase of finished
goods cost rose from 1.53% to 2.28%.
Employee cost decreased from 6.60% to 6.14%. Other expenses rose from 17.88% to
18.08%.
PBIDT
fell 13.30% to Rs 202 crore. Provision
for interest rose 6.90% to Rs 62 crore.
Loan funds rose to Rs 3,883.00 crore as of 30 September 2024 from Rs
3,207.00 crore as of 30 September 2023.
Inventories rose to Rs 1,549.00 crore as of 30 September 2024 from Rs
1,196.00 crore as of 30 September 2023.
Sundry debtors were lower at Rs 678.00 crore as of 30 September 2024
compared to Rs 785.00 crore as of 30 September 2023. Cash and bank balance declined from Rs 433.00
crore as of 30 September 2023 to Rs 324.00 crore as of 30 September 2024. Investments rose to Rs 36.00 crore as of 30
September 2024 from Rs 24.00 crore as of 30 September 2023.
PBDT
fell 20% to Rs 140 crore. Provision for
depreciation rose 16.13% to Rs 108 crore.
Fixed assets increased to Rs 7,081.00 crore as of 30 September 2024 from
Rs 6,190.00 crore as of 30 September 2023.
Intangible assets increased from Rs 150.00 crore to Rs 229.00
crore.
Profit
before tax down 60.98% to Rs 32.00 crore.
Share of profit/loss were nil in both the periods. Provision for tax was credit of Rs 18 crore,
compared to credit of Rs 9 crore.
Effective tax rate was negative 52.94% compared to negative 10.98%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company decreased 42.86% to Rs
52.00 crore.
Equity
capital stood at Rs 181.00 crore as of 30 September 2024 to Rs 181.00 crore as
of 30 September 2023. Per share face
Value remained same at Rs 5.00.
Promoters’
stake was 42.61% as of 30 September 2024 ,compared to 43.57% as of 30 September
2023 . Promoters pledged stake was 3.85%
as of 30 September 2024
For year-to-date (YTD) results
analysis
Net
sales (including other operating income) of Aarti Industries has increased
21.44% to Rs 3483 crore. Operating
profit margin has declined from 15.10% to 14.41%, leading to 15.94% rise in
operating profit to Rs 502.00 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
57.32% to 59.75%. Purchase of finished
goods cost fell from 3.60% to 3.22%.
Employee cost decreased from 6.73% to 6.16%. Other expenses fell from 17.77% to
16.69%.
PBIDT
rose 18.48% to Rs 513 crore. Provision
for interest rose 28.57% to Rs 126 crore.
Loan funds rose to Rs 3,883.00 crore as of 30 September 2024 from Rs
3,207.00 crore as of 30 September 2023.
Inventories rose to Rs 1,549.00 crore as of 30 September 2024 from Rs
1,196.00 crore as of 30 September 2023.
Sundry debtors were lower at Rs 678.00 crore as of 30 September 2024
compared to Rs 785.00 crore as of 30 September 2023. Cash and bank balance declined from Rs 433.00
crore as of 30 September 2023 to Rs 324.00 crore as of 30 September 2024. Investments rose to Rs 36.00 crore as of 30
September 2024 from Rs 24.00 crore as of 30 September 2023.
PBDT
rose 15.52% to Rs 387 crore. Provision
for depreciation rose 15.38% to Rs 210 crore.
Fixed assets increased to Rs 7,081.00 crore as of 30 September 2024 from
Rs 6,190.00 crore as of 30 September 2023.
Intangible assets increased from Rs 150.00 crore to Rs 229.00
crore.
Profit
before tax grew 15.69% to Rs 177.00 crore.
Share of profit/loss were nil in both the periods. Provision for tax was credit of Rs 10 crore,
compared to credit of Rs 7 crore.
Effective tax rate was negative 5.59% compared to negative 4.58%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company increased 18.13% to Rs
189.00 crore.
Equity
capital stood at Rs 181.00 crore as of 30 September 2024 to Rs 181.00 crore as
of 30 September 2023. Per share face
Value remained same at Rs 5.00.
Promoters’
stake was 42.61% as of 30 September 2024 ,compared to 43.57% as of 30 September
2023 . Promoters pledged stake was 3.85%
as of 30 September 2024
Cash
flow from operating activities decreased to Rs 366.00 crore for YTD ended
September 2024 from Rs 679.00 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets
during the YTD ended September 2024 stood at Rs 673.00 crore, compared to Rs
575.00 crore during the YTD ended September 2023.
The
scrip trades at Rs 474
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Aarti Industries : Consolidated
Results
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Particulars
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2409 (03)
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2309 (03)
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Var.(%)
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2409 (06)
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2309 (06)
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Var.(%)
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2403 (12)
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2303 (12)
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Var.(%)
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Net Sales (including other operating income)
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1,628
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1,454
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12
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3,483
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2,868
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21
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6,372
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6,619
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-4
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OPM (%)
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12.1
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16.02
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14.41
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15.1
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15.30
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16.47
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OP
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197
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233
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-15
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502
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433
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16
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975
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1,090.00
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-11
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Other Inc.
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5
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0
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-
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11
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0
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-
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9
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0
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-
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PBIDT
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202
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233
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-13
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513
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433
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18
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984
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1,090.00
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-10
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Interest
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62
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58
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7
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126
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98
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29
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211
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168
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26
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PBDT
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140
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175
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-20
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387
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335
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16
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773
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922
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-16
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Depreciation
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108
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93
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16
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210
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182
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15
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378
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310
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22
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PBT
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32
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82
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-61
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177
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153
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16
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395
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612
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-35
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Share of Profit/(Loss) from Associates
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0
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0
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-
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0
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0
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-
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0
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0
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-
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PBT before EO
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32
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82
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-61
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177
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153
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16
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395
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612
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-35
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EO Income
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2
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0
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-
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2
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0
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-
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0
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0
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-
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PBT after EO
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34
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82
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-59
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179
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153
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17
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395
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612
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-35
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Taxation
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-18
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-9
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-100
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-10
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-7
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-43
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-21
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67
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LP
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PAT
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52
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91
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-43
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189
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160
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18
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416
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545
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-24
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Minority Interest (MI)
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0
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0
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-
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0
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0
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-
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0
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0
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-
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Net profit
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52
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91
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-43
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189
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160
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18
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416
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545
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-24
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EPS (Rs)*
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#
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#
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#
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#
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11.48
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15.03
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Notes
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* EPS is on current equity of Rs 181.26 crore, Face value of Rs
5, Excluding extraordinary items.
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# EPS is not annualised
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bps : Basis points
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EO : Extraordinary items
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Figures in Rs crore
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Source: Capitaline Corporate Database
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