Aarti Industries Limited — Quarter and year ended 31st March, 2026
| Sr. No. | Particulars | 3 Months Ended 31st Mar 2026 (Audited) | 3 Months Ended 31st Dec 2025 (Unaudited) | 3 Months Ended 31st Mar 2025 (Audited) | Year Ended 31st Mar 2026 (Audited) | Year Ended 31st Mar 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | INCOME | |||||
| Revenue from Operations (Gross) | 2,422 | 2,492 | 2,214 | 9,018 | 8,044 | |
| Less: GST Collected | 217 | 174 | 265 | 732 | 775 | |
| a) Revenue from Operations (Net) | 2,206 | 2,319 | 1,949 | 8,286 | 7,269 | |
| b) Other Income | (1) | 2 | 3 | 5 | 18 | |
| Total Income | 2,205 | 2,321 | 1,952 | 8,291 | 7,287 | |
| 2 | EXPENSES | |||||
| a) Cost of Materials Consumed | 1,495 | 1,385 | 1,104 | 5,257 | 4,381 | |
| b) Purchases of Stock-in-Trade | 235 | 215 | 72 | 600 | 220 | |
| c) Changes in Inventories of Finished Goods, Work-in-progress and Stock-in-Trade | (409) | (69) | 75 | (508) | 54 | |
| d) Employee Benefits Expense | 103 | 106 | 105 | 422 | 447 | |
| e) Finance Costs | 112 | 69 | 64 | 340 | 275 | |
| f) Depreciation and Amortisation Expenses | 119 | 121 | 113 | 474 | 434 | |
| g) Foreign Exchange (Gain)/Loss on trade (on net basis) | (6) | 5 | 6 | (16) | 3 | |
| h) Other Expenses | 446 | 355 | 324 | 1,364 | 1,167 | |
| Total Expenses | 2,094 | 2,187 | 1,863 | 7,933 | 6,982 | |
| 3 | Profit/(Loss) before Exceptional Items and Tax (1-2) | 111 | 134 | 88 | 358 | 305 |
| 4 | Exceptional Items Gain/(Loss) | |||||
| Recognised in Current Quarter | – | (15) | – | (15) | ||
| Recognised in Earlier Quarter | – | – | – | 22 | 2 | |
| 5 | Profit/(Loss) before Tax (3-4) | 111 | 118 | 88 | 365 | 307 |
| 6 | TAX EXPENSES* | |||||
| a) Current Year Tax | 22 | 20 | 15 | 66 | 55 | |
| b) Earlier Year Tax | (0) | 0 | (3) | (2) | (4) | |
| c) MAT Credit Utilised/(Entitlement) | (21) | (20) | (15) | (64) | (55) | |
| d) Deferred Tax | (27) | (15) | (4) | (54) | (19) | |
| Total Tax Expenses | (26) | (14) | (7) | (54) | (24) | |
| 7 | Net Profit/(Loss) from Ordinary Activities after Tax (5-6) | 137 | 133 | 96 | 419 | 331 |
| 8 | Share of Profit/(Loss) of Associates and Joint Ventures | (0) | (0) | (0) | (0) | (0) |
| 9 | Net Profit/(loss) for the period (7-8) | 137 | 133 | 96 | 419 | 331 |
| 10 | Profit/(loss) for the period attributable to | |||||
| a) Owners of the Company | 137 | 133 | 96 | 419 | 331 | |
| b) Non Controlling Interest | – | – | – | – | – | |
| 11 | Other Comprehensive Income | |||||
| a) Items that will not be reclassified to Profit/(Loss) Statement (net of Taxes) | (0) | – | (3) | (0) | (3) | |
| b) Items that will be reclassified to Profit/(Loss) Statement (net of Taxes) | (27) | (7) | 27 | (42) | 17 | |
| 12 | Total Comprehensive Income for the period (Comprising Profit (Loss) and Other Comprehensive Income for the period) (10+11) | 110 | 126 | 120 | 377 | 345 |
| 13 | Earnings per Equity share: (In Rs) | |||||
| (1) Basic | 3.79 | 3.67 | 2.64 | 11.56 | 9.13 | |
| (2) Diluted | 3.78 | 3.66 | 2.64 | 11.55 | 9.12 | |
| 14 | Paid-up Equity Share Capital (Face Value of Rs. 5/- each) | 181 | 181 | 181 | 181 | 181 |
| 15 | Reserve excluding Revaluation Reserves as per Balance Sheet of previous Accounting Year | 5,774 | 5,424 |
| Particulars | Consolidated Result |
|---|---|
| 3 Months Ended | |
| 31st Mar 2026 | |
| Operating Margin (%) (EBIDTA-Other Income)/(Gross Revenue) | 14.15% |
| Net Profit After Tax (in Crs) | 137 |
| Net Profit Margin (%) (PAT)/(Gross Revenue) | 5.67% |
| Debt Service Coverage Ratio (EBIT+Exceptional Items)/ (Interest Exp+Principal Repayments) | 1.54 |
| Interest Service Coverage Ratio (Earnings before Interest and Tax/ Interest Expenses) | 2.02 |
| Net Worth (in Crs) (Equity Share Capital+Other Equity) | 5,955 |
| Net Debt-Equity Ratio (Total Net Debt)/(Total Equity) | 0.72 |
| Capital Redemption Reserve (in Crs) | – |
| Current Ratio (Current Assets)/(Current Liabilities) | 0.83 |
| Long Term Debt to Working Capital* (Net Non-Current Borrowings Including Current Maturities of Non-current Borrowings)/ (Current Assets-Current Liabilities excluding current Maturities of Non-current Borrowings) | – |
| Bad Debts to Account Receivable Ratio (Bad Debts)/(Average Trade Receivables) | 0.00 |
| Current Liability Ratio (Total Current Liabilities)/(Total Liabilities) | 0.69 |
| Total Debts to Total Assets (Total Debts)/(Total Assets) | 0.37 |
| Debtors Turnover Ratio (Value of Sales & Services)/ (Average Trade Receivables) | 6.37 |
| Inventory Turnover Ratio (Cost Of Goods Sold)/ (Average Inventories of Finished Goods, Stock-in-Process and Stock-in-Trade) | 4.27 |
| Particulars | Standalone As at 31st March, 2026 | Standalone As at 31st March, 2025 | Consolidated As at 31st March, 2026 | Consolidated As at 31st March, 2025 |
|---|---|---|---|---|
| ASSETS | ||||
| Non-Current Assets | ||||
| Property, Plant and Equipment | 6,221 | 6,230 | 6,265 | 6,277 |
| Capital Work-in-Progress | 2,030 | 1,276 | 2,030 | 1,274 |
| Right of use Assets | 37 | 51 | 37 | 51 |
| Intangible Assets | 97 | 48 | 97 | 48 |
| Intangible Assets under Development | 157 | 180 | 157 | 180 |
| Financial Assets | ||||
| Investments | 189 | 90 | 132 | 48 |
| Loans and Advances | 7 | 4 | 10 | 0 |
| Deferred Tax Assets (Net & incl of MAT Credit) | 304 | 217 | 304 | 218 |
| Other Non-Current Assets | 79 | 122 | 80 | 122 |
| Total Non-Current Assets | 9,121 | 8,219 | 9,112 | 8,219 |
| Current Assets | ||||
| Inventories | 1,297 | 1,388 | 1,732 | 1,454 |
| Financial Assets | ||||
| i) Trade Receivables | 1,864 | 857 | 1,403 | 786 |
| ii) Cash and Cash Equivalents | 410 | 197 | 583 | 199 |
| iii) Bank Balances other than (ii) above | 25 | 96 | 26 | 96 |
| iv) Loans and Advances | 5 | 6 | 5 | 6 |
| Others Financial Assets | 58 | 16 | 58 | 16 |
| Current Tax Assets (Net) | 13 | 14 | 13 | 14 |
| Other Current Assets | 366 | 322 | 367 | 323 |
| Total Current Assets | 4,038 | 2,896 | 4,187 | 2,895 |
| TOTAL ASSETS | 13,159 | 11,115 | 13,299 | 11,114 |
| EQUITY AND LIABILITIES | ||||
| EQUITY | ||||
| Equity Share Capital | 181 | 181 | 181 | 181 |
| Other Equity | 5,791 | 5,437 | 5,774 | 5,424 |
| Non Controlling Interest | 0 | 0 | 0 | 0 |
| Total Equity | 5,972 | 5,618 | 5,955 | 5,605 |
| LIABILITIES | ||||
| Non-Current Liabilities | ||||
| Financial Liabilities | ||||
| i) Borrowings | 2,188 | 1,867 | 2,188 | 1,867 |
| ii) Lease Liabilities | 34 | 47 | 34 | 47 |
| Other Non Current Liabilities | 70 | 112 | 70 | 112 |
| Non Current Provisions | 14 | 15 | 14 | 15 |
| Total Non-Current Liabilities | 2,305 | 2,042 | 2,306 | 2,041 |
| Current Liabilities | ||||
| Financial Liabilities | ||||
| i) Borrowings | 2,732 | 1,921 | 2,733 | 1,922 |
| ii) Lease Liabilities | 11 | 11 | 11 | 11 |
| iii) Trade Payables due to: | ||||
| Micro and Small Enterprises | 57 | 26 | 57 | 26 |
| Other than Micro and Small Enterprises | 1,634 | 1,203 | 1,783 | 1,211 |
| iv) Other Financial Liabilities | 370 | 202 | 370 | 203 |
| Other Current Liabilities | 64 | 76 | 69 | 77 |
| Current Provisions | 14 | 15 | 15 | 16 |
| Total Current Liabilities | 4,882 | 3,456 | 5,038 | 3,466 |
| Total Liabilities | 7,187 | 5,497 | 7,344 | 5,508 |
| TOTAL EQUITY AND LIABILITIES | 13,159 | 11,115 | 13,299 | 11,114 |
| Sr. No. | Particulars | Standalone 31st March 2026 | Standalone 31st March 2025 | Consolidated 31st March 2026 | Consolidated 31st March 2025 |
|---|---|---|---|---|---|
| A. | Cash Flow from Operating Activities: | ||||
| Net Profit before Tax and Exceptional/Extraordinary Items | 359 | 316 | 358 | 305 | |
| Adjustments for: | |||||
| Finance Costs | 339 | 275 | 340 | 275 | |
| Bad debts and balances written off, allowance for expected credit losses | 22 | 9 | 22 | 11 | |
| Employee Performance Stock Option Plan (PSOP 2022) Cost | 10 | 7 | 10 | 7 | |
| Depreciation and Amortisation Expenses | 473 | 433 | 474 | 434 | |
| Unrealised Foreign Exchange Adjustment | (16) | 7 | (20) | 7 | |
| Other Exceptional Items | 6 | 0 | 6 | 0 | |
| Loss on Sale of Assets | 1 | 0 | 1 | 0 | |
| Consolidation Adjustments (Foreign Exchange Difference on Translation) | 0 | 0 | (0) | (1) | |
| Total Adjustments | 1,193 | 1,047 | 1,191 | 1,039 | |
| Profit on Sale of Assets/Investments | 0 | (0) | 0 | (0) | |
| Interest Income | (7) | (21) | (4) | (15) | |
| Lease Rent Income | (0) | (0) | (0) | (0) | |
| Operating Profit before Working Capital Changes | 1,186 | 1,026 | 1,187 | 1,023 | |
| Movements in operating non current Assets/Liabilities | (1) | (44) | (1) | (56) | |
| Movements in working capital: | |||||
| (Increase)/Decrease in Trade and Other Receivables | (1,080) | (33) | (693) | 31 | |
| Increase/(Decrease) in Trade Payables and Other Current Liabilities | 413 | 509 | 563 | 526 | |
| (Increase)/Decrease in Inventories | 91 | (236) | (278) | (294) | |
| Cash Generated from Operations | 608 | 1,222 | 778 | 1,231 | |
| Direct Taxes Paid/Direct Tax Refund Received (Net) | (0) | 7 | (3) | (7) | |
| Net Cash Flow from Operating Activities (A) | 608 | 1,229 | 781 | 1,238 | |
| B. | Cash Flow from Investing Activities: | ||||
| Addition to Property, Plant & Equipment/Capital WIP | (1,124) | (1,382) | (1,124) | (1,382) | |
| Sale/Scrap of Property, Plant & Equipment | 3 | 7 |