Aarti Industries Limited has informed the Exchange about Transcript
AARTIIND · price
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Aarti Industries reported a weak Q1 FY26 with revenue at Rs. 1,867 crore (down 16% QoQ) and EBITDA at Rs. 215 crore (down 19% QoQ), impacted by Rs. 30 crore inventory valuation loss, Rs. 15-20 crore deferred shipment EBITDA, India-Pakistan conflict disruptions at the Kutch facility, and weak DCB/agrochemical pricing. PAT stood at Rs. 43 crore. The company flagged US tariff concerns (15-20% of revenues exposed to a 25% tariff), but maintained its 3-year EBITDA guidance of Rs. 1,800 crore while declining to give annual FY26 guidance. Management highlighted ramp-up of expanded MMA capacity (now 260 KTPA), Zone IV projects set for phased commissioning from H2 FY26, and targets a return to 20%+ EBITDA margins from new products. Capex is being tapered down from Rs. 1,300-1,400 crore last year to under Rs. 1,000 crore this year.
Near-term profitability under pressure from multiple external headwinds, but management is sticking to long-term margin and growth targets. The avoidance of annual guidance and exposure to US tariffs may weigh on stock sentiment in the short term, though deferred shipments (20,000-22,000 tons of MMA exports in July) suggest some recovery is already underway.