What is injecting Aarti Industries stock's meteoric rise today?

The company's consolidated profit after tax for the September quarter slipped to Rs 91 crore against Rs 124 crore YoY. It also beat Zee Business research estimates of Rs 60 crore for profit.

The company's stock was soaring higher by 9.05 per cent, or Rs 41.65, at Rs 502.00, at 11:14 on BSE on Monday. Photo: Aarti Industries official website/Representational

Aarti Industries Share Price: Aarti Industries shares soared over 9 per cent in morning deals on BSE on Monday (November 8) on the back of strong September quarter results. The company's stock was soaring higher by 9.05 per cent, or Rs 41.65, at Rs 502.00 at 11:14 on BSE on Monday.

The share closed trading session on Friday at Rs 460.35.

The company that manufactures specialised chemicals and pharmaceuticals reported its second-quarter results on Saturday.

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Its stock began its Monday trading session at Rs 482.05 before rising to the day's high Rs 503.70.

A spurt in the volume of the stock in morning deals on Monday was more than 4.54 times, as per the BSE website.

Aarti Industries Q2 numbers

The company's consolidated profit after tax for the September quarter slipped to Rs 91 crore against Rs 124 crore YoY.

However, the profit was still better than Zee Business research estimates of Rs 60 crore.

The company's consolidated revenue was also down 13.7 per cent to Rs 1,454 crore in Q2 from Rs 1,685 crore in the same quarter last fiscal.

It was also below the analysts' estimates of Rs 1,503 crore.

Aarti Industries' beat Street estimates of Rs 210 crore in terms of EBIDTA, reporting a 13 per cent decline to Rs 233 crore in the September quarter from Rs 267 crore in the same quarter last year.

Its margin of 16 per cent in the quarter under review was also better than research estimates of 14 per cent, and also a 0.2 per cent higher than 15.8 per cent the company reported in the corresponding period last year.

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