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

ANI PR Wire
18 Nov 2022, 14:45 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 Nepal National.

More Information

10 ℃

Fair in Kathmandu

Business

Section

Tech stocks outperform Tuesday, Nasdaq Composite gains

NEW YORK, New York - U.S. stocks spent most of Tuesday meandering, with the major indices closing out the day ...

Strike cost Ford 100,000 vehicles in sales, $1.7 billion in profit

DEARBORN, Michigan: This week, Ford said a six-week United Auto Workers (UAW) strike cut its sales by some 100,000 vehicles ...

Biden administration introduces new rule to reduce methane emissions

WASHINGTON D.C.: This week, the Biden administration adopted a new rule aimed at reducing methane emissions, which targets the role ...

Tesla to start delivering Cybertrucks: Musk

AUSTIN, Texas: During an event held this week in Austin, Texas, Tesla CEO Elon Musk said the electric vehicle (EV) ...

U.S. stocks start week in divided territory, dollar jumps

NEW YORK, New York - U.S. stocks closed mixed on Monday following on from last week's volatility."Digestion is the word ...

Microsoft president denies super-intelligent AI possible in 12 months

REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...

Southeast Asia

Section