November 23, 2022

Agarwal Industrial Corporation Delivers Strong Second Quarter Performance, PAT Increases 178%

New Delhi [India], Nov 18 (ANI/PNN): Agarwal Industrial Corporation Limited (AICL) recorded a strong performance for the period ended September 30, 2022. The petrochemical player announced a 178% increase in net profit to Rs 7.18 crore in September 2022 quarter. The company had reported a net profit of Rs 2.59 crore in the prior year period.

It recorded total operating income of Rs 163.44 crore during Q2FY23, about 35% higher than the operating income of 121.8 crore, recorded in the same quarter a year earlier. For the quarter ended June 30, 2022, the company had reported a net profit of Rs 12.35 crore with operating revenue of Rs 520.48 crore.

Earnings per share (EPS) of Agarwal Industrial Corporation stood at Rs 5.13 in Q2FY23, which was Rs 2.13 and Rs 9.14 in Q2FY22 and Q1FY23, respectively. For the six months ended September 30, 2022, ACIL’s net profit was 19.53 crores, double the net profit it reported in the same period of the previous year.

The company’s operating income jumped over 40% to Rs 683.91 crore for the April-September 2022 period, compared to operating income of Rs 486.09 crore for the corresponding period of the year. last. Agarwal Industrial Corporation is principally engaged in the business activities of manufacturing and trading of petrochemicals (bitumen and bituminous products), logistics of bitumen and liquefied petroleum gas, and power generation through wind turbines.

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