Agarwal Industrial Corporation announced staller Q1 results, PAT surged by 41.44%

New Delhi [India], August 19: Agarwal Industrial Corporation Limited, India’s most significant Private sector player in the bitumen sector, has released its highest-ever financial results for the period ended on 30 June 2024. For Q1FY25, the Company reported a 12.69% year-on-year (YoY) jump & consolidated revenue of Rs. 709.24 crores. EBITDA (earnings before interest, taxes, depreciation, and amortization) margin saw a massive increase of 46.53% at Rs.61.71 Crore. PAT (Profit after tax) stood at Rs.39.00 crore, with a significant increase of 41.44%. The company has reported volume growth of 26.60% & highest ever 1st quarter volume of 170,478.36 MT. The Board of Directors have approved a dividend of Rs. 3 per Equity Share of the face value of Rs. 10/- for FY23-24.

Agarwal Industrial Corporation Limited is not just a bitumen player but also a significant player in the private sector in India. It functions as an Infrastructure Ancillary for the transport and logistics segments and provides logistics for bulk bitumen and LPG. The Company’s operations are diverse, with 7 manufacturing facilities, a portfolio of more than 20 products, and a fleet of 10 vessels with a capacity of around 1,02,049 MT.