Aarti Industries - Adverse Macro Hits FY24 Performance; Capex Intact For Long-Term Growth: Axis Securities

Axis Securities Report

Aarti Industries Ltd. displayed a resilient performance in FY24 despite the headwinds faced by the overall chemical industry. The company’s business was impacted by factors such as reduced demand, economic slowdown in key global markets, inventory destocking, inflation, supply chain disruptions, etc.

Moreover, geopolitical tensions, such as military conflicts in the Middle East, led to increased freight costs and extended transit times. Nevertheless, the company managed to achieve growth in certain end-user segments (Discretionary), partially offsetting the impact.

The company concluded the year with revenue reaching Rs 7,012 crore, an Ebitda of Rs 976 crore, and profit after tax of Rs 416 crore.

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