Agarwal Industrial Corporation Limited — Updates, 14-11-2024: Press Release

Agarwal Industrial Corporation Limited delivered impressive financial results for the quarter ended September 2024, highlighting consistent growth across its key business segments.

**Financial Highlights (H1 FY25 vs. H1 FY24)**: Revenue climbed to Rs. 1,033.38 Crores, up 20.07%. Net income surged 31.79% to Rs. 57.45 Crores, while earnings per share rose to Rs. 38.40, reflecting a 31.78% increase. EBITDA improved significantly by 39.43% to Rs. 98.72 Crores, with cash flow from operations jumping 321.86% to Rs. 67.54 Crores.

**Business Developments**: The company recorded a strong volume growth of 47.27%, selling over 65,000 MTS of bitumen and related products. A strategic acquisition of a terminal at New Mangalore port with an investment of Rs. 40 Crores is set to bolster AICL's supply chain capabilities and distribution infrastructure.

**Outlook**: For FY25, the company targets over 20% revenue growth and a CAGR of 20% for earnings per share, supported by a solid market position in the burgeoning Indian bitumen sector. Growth initiatives and robust operational capabilities position AICL favorably against competitors, warranting close attention from investors.