Capitaline

Analyst Meet / AGM 18-Nov-14

Conference Call

Aarti Industries

Expects topline to grow 15-20% and bottomline to grow 20-24% in FY'15

Aarti Industries conducted conference call to discuss the results for the quarter ended September 2014 and way forward. Senior Management of the company addressed the conference Call
Highlights of the Concall

For Q2FY'15 Income from operations rose 20% to Rs 761.16 crore while net profit rose 20% to Rs 50.72 crore. Exports during the quarter were 49.4% of total sales

Volume growth in value added products resulted in better performance and the company expects to continue it further

On a segmental basis specialty chemicals which formed 82% of total sales rose 2% to Rs 625 crore and had an EBIT margin of 16.7%. Margin expansion and volume growth resulted in improved performance and the company expects to increase it progressively.

Pharmaceuticals segment formed 10% of total sales which grew 17% to Rs 79.2 crore and had an EBIT margin of 15.7%. The company expects to continue the growth momentum.

The company expects its pharma EBIT margin to grow to around 20% in next few quarters led by export growth. The company is awaiting approval for 4-5 US based products in next 4-5 quarters.

The company expects to do 2 DMF filings in every quarter.

Home and personal care formed 7% of total sales which fell 2% to Rs 57.05 crore and had an EBIT margin of 1.2%

The company produced 1800 tonne per month (TPM) of hydrogenated products in Q2FY'15 compared to and 1563 TPM in Q1FY'15 and 1649 TPM in Q2FY'14

With crude prices going down benzene prices would also go down helping to improve margins.

The company expects its topline to grow 15-20% for FY'15 while it expects bottomline to grow 20-24%.

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