Aarti Industries Q3 net up 69 per cent at Rs 36.97 crore

Chemicals company Aarti Industries on Monday reported a net profit of Rs 36.97 crore for the quarter ended December 31, 2013.

The company had reported a net profit of Rs 21.82 crore in the corresponding period a year ago.

Total income during the quarter under review stood at Rs 649.64 crore as against Rs 459.36 crore in the year-ago period, a company statement said.

Also, the board of directors has declared the second interim dividend of 25 per cent at Rs 1.25 per share (on the face value of Rs 5 each).

For the nine months ended December 31, 2013, the company's total income stood at Rs 1,888.63 crore, operating profit at Rs 289.90 crore, net profit at Rs 101.85 crore and EPS (earnings per share) at Rs 11.50.

"Our performance in the chemical segment continues to post strong results despite weak economic environment," Aarti Industries chairman and managing director Rajendra Gogri said.

"Our other segmental volumes and overall export volumes have remained flat during the quarter on account of year-end holidays in the global export markets and maintenance and upgradation activities carried out at our plants."

We expect the volumes to progressively increase in calendar year 2014, resulting in growth in revenues as well as operating profit, he added.