Aarti Industries Q1FY16 Net Profit at Rs. 60.90 crores
Total Income for the quarter ended June 30, 2015 stood at Rs. 683.07 crores. Inspite of the increase in volumes by about 14% YoY, the fall in RM prices, trailing lower crude prices, resulted into reduction of total income.
EBITDA for the quarter stood at Rs. 131.91 crores compared to Rs. 113.09 crores in Q1FY15, an increase of 16.6% YoY.
Comparing on yearly basis, Net Profit of the company increased by about 47% to Rs. 60.90 crores in Q1FY16 as against Rs. 41.43 crores registered during Q1FY15.
The Company had part-commissioned its scale up of PDA capacities, i.e, from 250 tpm to about 450 tpm in Q1FY16 and targets to scale it up to about 1000 tpm by the end of current financial year. The Company also expects to commission the second phase of its NCB expansion, thereby scaling it up from 57000 tpa (a year back) to 75000 tpa, by the end of Q2FY16.
Further, the recently concluded USFDA Inspection had been favorable for the company. This would facilitate and expedite faster approvals for various APIs in pipeline, thereby increasing the presence in the Regulated markets.
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