Aarti Industries

Aarti Industries reported Q4 FY26 revenue of ₹2,422 croreCurrent reported value: ₹2,422 crore. No comparable prior figure is available in the source record. (+9Current reported value: 9. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹342 croreCurrent reported value: ₹342 crore. No comparable prior figure is available in the source record. (+29% YoY), with PAT surging 43% YoYCurrent reported value: 43% YoY. No comparable prior figure is available in the source record. to ₹137 crore. The quarter was marked by severe raw material inflation (benzene, sulfur up >60%) and Middle East geopolitical disruptions, which impacted ~10% of revenue from energy exports. Management highlighted two new long-term contracts: a backward integration deal with a global chemical major (₹200-250 crore capex, 15-year tenure) and a $150 million multi-year agrochemical intermediate supply agreement. Capacity utilization remains high (>80%Current >80%. Reported change: +? pp YoY.), and Zone 4 projects (MTP, PA, calcium chloride) are commissioning with a 3-4 month delay due to labor shortages. FY27 capex guidance is ₹700-800 crore, down from ₹1,125 crore. Near-term risks include sustained West Asia conflict disrupting feedstock and export flows, and elevated working capital due to higher raw material prices and longer transit times.