Aarti Industries has declared its financial results for the second quarter ended September 30, 2013. The total income for the quarter ended September 30, 2013 stood at Rs 645.35 crores compared to Rs 593.64 crores in Q1FY14, an increase of 8.71 per cent.
Comparing on quarterly basis, net profit of the company increased by 87.97 per cent to Rs 42.35 crores in Q2FY14 as against Rs 22.53 crores registered during Q1FY14. The Board of Directors has declared an interim dividend of 35 per cent Rs 1.75 per share (on the face value of Rs 5 each).
For the half year ended September 30, 2013, the company’s total income stood at Rs 1,238.99 crores. The net profit for H1FY14 stood at Rs 64.88 crores.
Rajendra Gogri, Chairman and Managing Director, Aarti Industries said, “All our four business segments have grown significantly and have contributed towards the strong performance for the quarter. We expect the volumes to progressively increase resulting to growth in revenues and margins going forward.”
EP News Bureau – Mumbai