| Revenue growth | Q2 +73% YoY; H1 +58% YoY |
|---|---|
| Margins | Q2 EBITDA ₹418 Cr vs Q1 ₹385 Cr; margin pressure from input costs |
| Order book | 10+ year supply deal, ~₹1,500 Cr cumulative revenue |
| Demand visibility | Energy demand strong; weak monsoon may hit H2 agro |
| Management confidence | Projects 'on track'; FY28F EBITDA ₹1,800-2,200 Cr |
Growth
H1 FY27 revenue ₹6,513 Cr (+58% YoY), EBITDA ₹802 Cr (+58%). Q2 revenue up 48% QoQ on volumes and raw-material pass-through.
Outlook
FY28F EBITDA target ₹1,800-2,200 Cr; Debt/EBITDA below 2.5x. Capex ₹300-450 Cr; all projects to commission in FY27.
Risks
Working capital and debt up on input prices, raising finance costs. Standalone EBITDA ₹459 Cr vs consolidated ₹418 Cr from a stock provision. PDA demand is weak.
Last quarter's promises, checked
Partly delivered
- Zone IV commissioning in FY27, 3-6 mo delay → FY27 commercialisation reiterated, 18-24 mo ramp (= PARTIAL)
- Non-energy volume pickup in Q2 → non-energy volumes +19% YoY, no QoQ figure (= PARTIAL)
- Augene JV steady-state revenue ₹300-400 Cr → not disclosed (= PARTIAL)
Missed
- FY27 capex ₹700-800 Cr → current guide ₹300-450 Cr (= MISS)
Investor Presentation filed with BSE, NSE: AARTIIND. Summary written with AI assistance from the document.
Aarti Industries Ltd: key numbers
- Share price
- ₹428.80
- Market cap
- ₹15,554 Cr
- Revenue (annual)
- ₹8,286 Cr
- Net profit (annual)
- ₹419.1 Cr
- P/E (TTM)
- 26.2×Sector 34.1×
- Promoter holding
- 41.82%+0.00% QoQ
- FII holding
- 6.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Aarti Industries Ltd
All →Aarti Industries Earnings Call Transcript: Key Takeaways
Aarti achieved record quarterly EBITDA but faces ballooning debt and working capital stress due to raw material inflation. Management is pivoting from heavy capex to asset sweating and deleveraging via a ₹1,000 Cr fundraise.
Aarti Industries Annual General Meeting
Aarti Industries shareholders held an EGM on October 31, 2026 and considered a special resolution. The resolution enables raising up to Rs. 1,000 crore through QIP, private placement or preferential issue, in one or more tranches.
Aarti Industries Results Update
Aarti Industries issued a press release on Q2 and H1 FY27 unaudited results, reporting record quarterly EBITDA and higher volumes. Growth was driven by export demand.
- fuel additives capacity
- 70.0 KTPA
Aarti Industries Q2 FY27 Results: Net Profit ₹169 Cr, Up 59.4% YoY
Aarti Industries Ltd reported revenue from operations of ₹3,668 Cr (+74.7% YoY) and net profit of ₹169 Cr (+59.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹169 Cr · +59.4% YoY
Aarti Industries Board Meeting Date
Aarti Industries has scheduled a Board Meeting on 30 October 2026 to consider and approve unaudited financial results for Q1/H1 FY27. The trading window remains closed until 48 hours after results declaration.
Aarti Industries Other Announcement
Aarti Industries Limited has filed its quarterly shareholding pattern for the period ended September 30, 2026, as mandated by SEBI Regulation 31.