Agarwal Industrial Corp Reports Decline in Q1 Financial Performance Aug 14, 2025
More news about Agarwal Industrial Corporation
11Jul 25
Agarwal Industrial to Acquire Full Ownership of Konkan Storage Systems
Agarwal Industrial Corporation Limited (AICL) plans to purchase 100% equity shares of Konkan Storage Systems (Karwar) Private Limited. The acquisition, expected to complete by September 2025, will make Konkan Storage a wholly owned subsidiary of AICL. Konkan Storage specializes in liquid cargo warehousing and handling, reporting a turnover of ₹32,976.00 lakhs for FY 2023-24. This move aligns with AICL's strategy to expand its port-based industrial and infrastructure activities.
08Jul 25
Agarwal Industrial Corp to Acquire Konkan Storage Systems for ₹22 Crore
Agarwal Industrial Corporation Ltd (AICL) plans to acquire the entire stake in Konkan Storage Systems for ₹22.00 crore. This acquisition aims to expand AICL's storage capabilities and potentially strengthen its market presence in the storage sector. The move represents a significant step in AICL's corporate strategy, possibly indicating a focus on vertical integration and diversification of its business portfolio.
Agarwal Industrial Corp's Q4 results show revenue growth of 6.06% to ₹823.00 crore, but net profit declined by 19.63% to ₹30.54 crore year-over-year. EBITDA decreased to ₹53.52 crore, with margin contracting to 6.50%. Despite profit decline, the company recommended a final dividend of ₹3.30 per equity share.