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Aarti Industries (AARTIIND) investor relations material
Aarti Industries Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY27 revenue was INR 3,887 crore, up 73% YoY; EBITDA rose 44% to INR 418 crore and PAT increased 60% to INR 169 crore.
H1 FY27 revenue grew 58% to INR 6,513 crore, EBITDA rose 58% to INR 802 crore and PAT increased 117% to INR 324 crore.
Volume growth, input-cost pass-through and energy demand supported results; Zone IV, capacity additions and customer-backed partnerships underpin growth plans.
Financial highlights
Q2 FY27 operational revenue of INR 3,887 crore was up 73% YoY and 48% QoQ; EBITDA of INR 418 crore rose 44% YoY and 9% QoQ.
H1 FY27 revenue was INR 6,513 crore versus INR 4,118 crore; EBITDA was INR 802 crore versus INR 507 crore, and PAT was INR 324 crore versus INR 149 crore.
Financial statements reported Q2 net revenue of INR 3,942 crore standalone and INR 3,668 crore consolidated; H1 net revenue was INR 6,183 crore and INR 6,055 crore, respectively.
Q2 net profit was INR 186 crore standalone and INR 168 crore consolidated; H1 net profit was INR 330 crore and INR 323 crore, respectively.
H1 trading volume contributed INR 500 crore to revenue and partly weighed on margins; elevated input prices also increased working capital and finance costs.
Outlook and guidance
FY28 EBITDA target remains INR 1,800–2,200 crore, with Debt/EBITDA below 2.5x; management cited line of sight to the target.
Three-year EBITDA drivers include INR 150–200 crore from cost optimisation, INR 350–550 crore from volume and margin ramp-up, and INR 300–450 crore from CAPEX-led growth.
Zone IV is targeted to become EBITDA- and value-accretive in FY28; the first 18-month bottom-line ambition is INR 250–350 crore, with commercialisation and ramp-up targeted over FY27–FY28.
FY27 CapEx is planned at INR 700–800 crore; management expects current momentum to continue and next-year guidance closer to FY-end.
Energy is expected to settle at 30%–40% of the portfolio in the medium term; potential Q4 Zone IV fixed costs and softer winter gasoline-naphtha cracks are watchpoints.
- Q4 EBITDA rebounded YoY as capacity growth and demand recovery underpin ~20–25% EBITDA CAGR guidance.AARTIIND
Q4 23/24 - FY26 saw 12% revenue growth, sustainability accolades, and major capacity expansions.AARTIIND
AGM 2026 presentation - Revenue up 41% YoY, EBITDA up 79%, with margin gains and expansion projects progressing.AARTIIND
Q1 26/27 - Q4 FY26 delivered strong growth and new contracts, with margin pressure in agrochemicals.AARTIIND
Q4 25/26 - Q3 FY26 delivered robust growth, record exports, and strong margins amid expansion and prudent risk management.AARTIIND
Q3 25/26 - Q2FY25 revenue rose 11.8% YoY, but margins and net profit declined amid margin pressure.AARTIIND
Q2 24/25 - Strong profit and margin growth driven by volume, exports, and expansion, despite margin pressure.AARTIIND
Q1 24/25 - FY 2025 revenue up 15%, EBITDA up, but PAT fell; FY 2026 targets growth and lower net debt.AARTIIND
Q4 24/25 - Q3 FY25 revenue and EBITDA rose on volume growth, but profit fell sharply amid currency losses.AARTIIND
Q3 24/25
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