AARTI INDUSTRIES witnessed a significant decline in stock prices after the announcement of the third quarter revenue report. The company’s stock prices have fallen 6.78 % in early trade on Monday, reflecting their concerns about disappointed financial performance.
In the third quarter of the fiscal year, AARTI Industries reported 1,840 rupees and increased by 6.2 % compared to the 1,732 Crone last year. With our interest, tax, depreciation, and earnings before depreciation, it has reached a 11.2 % increase from 260 rupees the previous year to 231 Crone. However, EBITDA margins contracted from 15.01 % to 12.6 %.
The company reported a sharp decline in net income compared to the previous year’s corresponding quarterly 124 rupees.
Earlier in the second quarter, AARTI INDUSTRIES reported a 43 % decrease in integrated net income and did not reach analyst expectations. Professional chemical manufacturers fell to 52 rupees in the quarter of September, and decreased from 91 rupees in the same period of the previous year.
