Quarterly Result: Aarti Industries Ltd
Bhagyashree Vivarekar / 11 Nov 2016
Aarti Industries Ltd., is currently trading at Rs. 714, down by 8.1 points or 1.12% from its earlier closing of Rs. 722.1 on the BSE. The company's net profit has surged 24.2% yoy to Rs 76 cr.
Technical View:
Aarti Industries Ltd., is currently trading at Rs. 714, down by 8.1 points or 1.12% from its earlier closing of Rs. 722.1 on the BSE.
The scrip has touched a high and low of Rs. 724 and Rs. 714 respectively, after opening at 718.75. Altogether 8499(NSE+BSE) shares were traded on the counter; and the stock is currently trading below its 50 DMA.
Standalone Results Q2FY17:
Aarti Industries Ltd., has reported its standalone numbers for Q2FY17.
The quarter's revenue has upsurged marginally by 1.4% yoy to Rs 710 cr.
Aarti's reported EBITDA has soared 23.7% yoy to Rs 151 cr while EBITDA margins have improved by 383 bps yoy to 21%. This was supported by a 10.6% yoy drop in cost of goods sold.
The company's net profit has surged 24.2% yoy to Rs 76 cr.
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