Agarwal Industrial Corp Reports Decline in Q1 Financial Performance
Agarwal Industrial Corporation Limited (AICL) has released its Q1 financial results, showing a decline across key metrics. Revenue decreased by 15.71% to ₹5.90 billion, EBITDA fell by 40.03% to ₹361.00 million, and consolidated net profit dropped by 66.67% to ₹130.00 million compared to the same period last year. The EBITDA margin contracted by 241 basis points to 6.09%.
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.