Agarwal Industrial Corporation Limited — Updates, 25-02-2025: Press Release

Agarwal Industrial Corporation Limited reported strong financial performance for the quarter and nine months, highlighting a 16.80% increase in revenue from operations, reaching ₹31,575.49 Crores, and a net income growth of 19.57%, totaling ₹1,185.15 Crores. The earnings per share (EPS) rose by 19.58% to ₹56.93, with EBITDA showing a robust year-on-year increase of 33.13%, now at ₹1,454.47 Crores.

In Q3 FY25, revenue from operations reached ₹542.11 Crores, an 11.05% rise from the previous year, while EBITDA increased significantly by 23.26% to ₹55.76 Crores. Sales volumes also demonstrated notable growth, with a 20.03% increase in standalone sales of Bitumen and allied products, totaling 350,565.37 MTS.

The company is expanding its fleet with the recent induction of its 11th vessel and has secured a significant contract with HPCL. Looking ahead, Agarwal targets over 20% growth in revenue and volumes, indicating a positive industry outlook driven by infrastructure initiatives. Management remains bullish on sustaining growth and enhancing shareholder value.