Agarwal Industrial Corporation reports strong performance in Q2, PAT rises 178 per cent

ANI PR Wire
18 Nov 2022, 10:15 GMT+10

New Delhi [India], November 18 (ANI/PNN): Agarwal Industrial Corporation Limited (AICL) reported a strong performance for the period ended on September 30, 2022.

The petrochemical player reported a 178 percent rise in the net profit to Rs 7.18 crore in the September 2022 quarter. The company had reported a bottom line of Rs 2.59 crore in the year ago period.

It clocked a total revenue from operations at Rs 163.44 crore in the Q2FY23, which is about 35 per cent higher than the revenue from operations at 121.8 crore, it clocked in the same quarter previous year.

For the quarter ended on June 30, 2022, the company had reported a net profit at Rs 12.35 crore with revenue from operations at Rs 520.48 crore.

Agarwal Industrial Corporation's earning per share (EPS) stood at Rs 5.13 in the Q2FY23, which was Rs 2.13 and Rs 9.14 in Q2FY22 and Q1FY23, respectively.

For the half year ended on September 30, 2022, ACIL's net profit stood at 19.53 crore, which is double the net profit it reported in the same period previous year.

Company's revenue from operations jumped more than 40 per cent to Rs 683.91 crore for April-September 2022 period, as against an operational revenue of Rs 486.09 crore in the corresponding period last year.

Agarwal Industrial Corporation is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills.

This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.

More Information

null in null

International

Section

USDA pledges $100 million for bird flu research, vaccine development

USDA to invest up to $100 million in projects to combat bird flu

WASHINGTON, D.C.: The U.S. Department of Agriculture (USDA) has announced plans to invest up to US$100 million in research to develop...

US HHS orders removal of gun violence public health advisory

US HHS drops advisory labeling gun violence a public health crisis

WASHINGTON, D.C.: The U.S. Department of Health and Human Services (HHS) has removed a 2024 advisory from its website that called gun...

Regulatory hurdles may leave US behind China in autonomous tech

Trump urged to speed up self-driving car regulations

WASHINGTON, D.C.: Industry leaders are pushing the Trump administration to clear regulatory obstacles slowing the rollout of self-driving...

Israeli forces accused of deadly cruelty against Gazan hospital patients

HRW says Israel committed war crimes while occupying Gazan hospitals

NEW YORK, New York – Israeli military forces caused deaths and unnecessary suffering of Palestinian patients while occupying hospitals...

EU to cut steel import quotas by 15% to counter US tariff fallout

EU proposes cutting steel imports by 15 percent as Trump tariffs bite

BRUSSELS, Belgium: The European Union is set to tighten steel import quotas starting in April, reducing inflows by 15 percent to prevent...

US threatens to cut transit funds over NYC subway safety issues

US threatens to withhold transit funds over New York subway crime

WASHINGTON, D.C.: U.S. Transportation Secretary Sean Duffy has warned that New York's Metropolitan Transportation Authority (MTA) could...

India

Section