Agarwal Industrial Corporation Limited has informed the Exchange about Link of Recording
AGARIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Agarwal Industrial Corporation (AICL) reported a weak Q1 FY26 with revenue of Rs. 594 crore, down 16.1% year-on-year, EBITDA of Rs. 38 crore (margin of 6.4%), and net profit of Rs. 13 crore. Bitumen volumes came in at 1,24,600 MT, well below expectations, due to India-Pakistan tensions, Middle East geopolitical disruptions (impacting shipping for about a month), and an early monsoon that hit road construction demand. The shipping segment, which usually runs at 28% EBIT margins, dropped to 11.3% because vessels were underutilised while fixed costs remained. The company announced the acquisition of Konkan Storage Systems (Karwar, Karnataka) for ~Rs. 22 crore, with 24,000+ MT existing capacity and total capex of ~Rs. 30 crore, complementing the 40,000 MT Mangalore facility under construction. Management maintained its FY28 volume doubling target and guided ~6 lakh tons volume for FY26 with EBITDA per ton of more than Rs. 4,300 (lowered from an earlier Rs. 4,500).
Shareholders should note that the Q1 weakness was largely external and management expects volumes and shipping margins to recover from Q3 onwards, supported by the government infrastructure pipeline (Rs. 7-10 lakh crore in road projects) and the new Konkan and Mangalore storage facilities that will reduce rental costs. The slightly lowered EBITDA per ton guidance and continued external risks (geopolitics, monsoons) are minor negatives, but the long-term FY28 doubling target remains intact.