Agarwal Industrial Corporation

Agarwal Industrial reported a weak Q1 FY26 with revenue of ₹594 croreCurrent reported value: ₹594 crore. No comparable prior figure is available in the source record., down 16.1% YoYCurrent reported value: 16.1% YoY. No comparable prior figure is available in the source record., and EBITDA margin of 6.4%Current reported value: 6.4%. No comparable prior figure is available in the source record.. Bitumen volumes fell to 124,600 MTCurrent 124,600 MT. Reported change: -26.9% YoY. due to geopolitical disruptions (India-Pakistan tensions, Middle East instability) and an early monsoon. The shipping segment's EBIT margin collapsed from ~28% to 11.3%Current 11.3%. Reported change: -17pp YoY. on vessel underutilization. Management maintained its FY26 volume guidance of ~6 lakh MT (10% growth) and EBITDA guidance of at least ₹4,300 crore, but acknowledged risks from external shocks. The acquisition of Conquer Storage (24,000 MTCurrent 24,000 MT. Reported change: new. capacity, ₹30+ crore capex) aims to reduce lease costs. Key risk: further geopolitical events could derail volume recovery in H2.