Aarti Industries share price: Aarti Industries shared their performance for the third quarter of fiscal year 2024 on February 8, 2024. Their sales went up by 3.84%, but profits decreased by 9.49% compared to the same period last year. However, compared to the previous quarter, revenue increased by 19.12%, and profits rose by 36.26%.
Operating income saw a 16.43% increase from the last quarter but a 21.26% decrease from a year ago. The Selling, General & Administrative expenses rose by 4.04% from the previous quarter and 10.75% from the same time last year.
Earnings per share (EPS) for Q3 FY24 is ₹3.42, showing a 9.28% decrease from the previous year.
In terms of stock performance, Aarti Industries had a -1.54% return in the last week, a notable 37.37% return in the last 6 months, and a -2.48% return Year-to-Date.
As of now, Aarti Industries holds a market cap of ₹22,964.63 Cr, with a 52-week high and low of ₹691.75 and ₹438, respectively.
Aarti Industries Q3FY24 Profit
Aarti Industries experienced a 6% surge in its stock, reaching Rs 702 per share, after reporting robust Q3 earnings.
In December 2023, the company’s standalone net sales hit Rs 1,724.00 crore, a 5.46% increase from December 2022. Despite challenges, Aarti Industries showcased resilience in sustaining positive growth.
Quarterly net profit slightly dipped by 8.3% to Rs 124.00 crore in December 2023, compared to Rs 135.23 crore in December 2022.
EBITDA also decreased by 6.7%, standing at Rs 267.00 crore in December 2023. Earnings per share (EPS) saw a decrease from Rs 3.73 in December 2022 to Rs 3.41 in December 2023.
Aarti Industries share price Today
Aarti Industries’ share price today, on 12/02/2024, is ₹675.00, showing a positive change of +11.65 (1.76%).
Aarti Industries share price Bse Today
As of today, Aarti Industries’ share price on the Bombay Stock Exchange (BSE) is ₹673.70. It has shown a positive change of +10.60, representing a 1.60% increase.
Aarti Industries share price Analysis
Prabhudas Lilladher, a reputable brokerage firm, noted the impact of rising feedstock prices, resulting in a gross margin decline.
Yet, strategic use of operating leverage helped offset this decline, with the company progressing on its ethylation and NT expansions, targeting the import substitution market and exports.
Despite the positive outlook, Prabhudas Lilladher advises caution, valuing the stock at approximately 34x FY26 EPS, and recommending a “Reduce” stance with a target price of Rs 599.
Aarti Industries shares traded with gains of over 3% at Rs 683.50 on the NSE. The future looks promising with ongoing expansions and strategic contracts, though investors are keenly observing future performance amid market challenges.
Aarti Industries share price Target 2024
In 2023, stocks like AARTIIND in India had an impressive bull run. Looking ahead to the first quarter of 2024, the market is expected to maintain a bullish sentiment, possibly with some consolidation in the initial months. According to technical data, AARTIIND’s projected share price for 2024 indicates a minimum target of ₹659.08 and a maximum target of ₹809.37.
- January: ₹659.08
- February: ₹674.37
- March: ₹658.94
- April: ₹651.24
- May: ₹691.89
- June: ₹809.08
- July: ₹809.03
- August: ₹809.04
- September: ₹809.18
- October: ₹809.10
- November: ₹809.23
- December: ₹809.37
Aarti Industries Share Price Prediction 2025
The anticipated trajectory for AARTIIND’s share price suggests a rise to Rs. 865.33 by January 2025. Should macro and microeconomic factors align favorably with industry trends, there’s potential for Aarti Industries Ltd to achieve a target price of Rs. 857.65 by December 2025.
- January: ₹865.33
- February: ₹880.63
- March: ₹865.31
- April: ₹857.49
- May: ₹857.43
- June: ₹857.43
- July: ₹857.49
- August: ₹857.53
- September: ₹857.42
- October: ₹857.50
- November: ₹857.53
- December: ₹857.65
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Conclusion:
Aarti Industries showcased mixed Q3 results, with sales rising by 3.84% but profits declining by 9.49%. Despite challenges, the company demonstrated resilience and positive growth.
Prabhudas Lilladher’s cautionary stance, citing rising feedstock prices, contrasts with Aarti’s ongoing expansions.
Share prices reflect investor confidence. Looking ahead, a bullish 2024 is projected, with a price target between ₹659.08 to ₹809.37. Long-term prospects remain optimistic, aiming for Rs. 857.65 by January 2025, contingent on favorable economic factors.