Aarti Inds slip as Q3 PAT drops 5% Y-o-Y

Consolidated net profit of the specialty chemicals major rose 4.6% to Rs 139.84 crore in Q3 December 2019 (Q3 FY20) as against net profit of Rs 133.70 crore in Q3 December 2018 (Q3 FY19).

Net sales fell 4.5% year-on-year (Y-o-Y) to Rs 1,218.48 crore in Q3 FY20. Profit before tax gained 4.3% to Rs 178.83 crore Y-o-Y. Current tax expenses also soared 27.7% to Rs 31.77 crore during the period under review. The Q3 numbers were disclosed after market hours yesterday, 12 February 2020.

Revenue of specialty chemicals segment rose 1.98% to Rs 1,042.33 crore while the revenue of pharmaceuticals segment increased 2.95% to Rs 176.15 during the period under review.

 

Aarti Industries is a manufacturer of specialty chemicals and pharmaceuticals. The company operates through three segments: speciality chemicals, pharmaceuticals, and home & personal care chemicals.

Shares of Aarti Industries declined 1.41% to Rs 972. The stock traded in the range of Rs 930 to Rs 972.60 so far.

Powered by Capital Market - Live News