Aarti Industries, a large cap firm, closed Monday’s trading session with a market valuation of ₹20,124.41 Cr. Leading Indian producer of speciality chemicals and pharmaceuticals with a global presence is Aarti Industries Limited (AIL).
The Board of Directors have approved “Recommendation of the Final Dividend of Rs. 1.50/- (30%) per Equity Share of Face Value of Rs. 5/- each for the Financial Year ended March 31, 2023, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company,” said Aarti Industries in a stock exchange filing.
The company has reported consolidated total income of Rs.1656 crores during the quarter ended March 31, 2023 as compared to Rs.1437 crores during the quarter ended March 31, 2022, up by 15.24% YoY. The company said its consolidated net profit stood at ₹149 Cr during Q4FY23 up by 2.05% YoY from ₹146 Cr in Q4FY22. The consolidated EPS of Aarti Industries reached ₹4.10 during the quarter under review up by 2.24% YoY from ₹4.01 recorded in the year-ago quarter.
The company’s net income stood at ₹6619 Cr in FY23 up by 8.76% YoY from ₹6086 Cr recorded in FY22. Aarti Industries said its net profit stood at Rs 545 Cr in FY23 down by 54.05% YoY from ₹1186 Cr in FY22 and its EPS plummeted by 54.02% YoY from ₹32.71 in FY22 to ₹15.04 in FY23.
On Monday the shares of Aarti Industries closed on the NSE at ₹555.40 apiece level up by 2.00% from the previous close of ₹544.50. The stock touched a 52-week-high of ₹924.40 on (14-Sep-2022) and a 52-week-low of ₹482.40 on (27-Mar-2023), indicating that at the current market price, the stock is trading 39.91% below the 1 year high and 15.13% above the 1 year low. During Q4FY23, the company recorded a promoter shareholding of 44.07%, FIIs stake of 12.32%, DIIs stake of 14.74%, Govt stake of 0.01% and a public stake of 28.87%.
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