Aarti Industries Shares Plunge 9% as Q2 Profit After Tax Drops 43% YoY

Aarti Industries Shares Plunge 9% as Q2 Profit After Tax Drops 43% YoY

Aarti Industries Ltd.’s consolidated net profit fell 43% in the second quarter of the current fiscal year, missing analysts’ expectations. The specialized chemical manufacturer’s profit fell to Rs 52 crore in the September quarter from Rs 91 crore in the previous year, according to an exchange filing on Friday. This contrasts to Bloomberg’s consensus estimate … Read more