Aarti Industries Full Year 2024 Earnings: Revenues Disappoint

By Street Asset On May 12, 2024 0 0

Aarti Industries (NSE:AARTIIND) Full Year 2024 Results

Key Financial Results

Revenue: ₹63.8b (down 3.6% from FY 2023).
Net income: ₹4.16b (down 24% from FY 2023).
Profit margin: 6.5% (down from 8.2% in FY 2023). The decrease in margin was driven by lower revenue.
EPS: ₹11.49 (down from ₹15.04 in FY 2023).

NSEI:AARTIIND Earnings and Revenue Growth May 12th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aarti Industries Revenues Disappoint

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India.

Performance of the Indian Chemicals industry.

The company’s shares are down 9.0% from a week ago.

Risk Analysis

Before we wrap up, we’ve discovered 2 warning signs for Aarti Industries (1 doesn’t sit too well with us!) that you should be aware of.

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Find out whether Aarti Industries is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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