Aarti Industries Limited (AARTIIND) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Q: What was Aarti Industries' revenue in the previous quarter?

Aarti Industries reported standalone revenue of Rs. 2,422 Cr in Q4 FY26. This figure reflects the company's performance as per its official exchange filings for the final quarter of the previous fiscal year.

Q: When does the company expect to see revenue from its Zone IV expansion?

Management has guided that revenue accruals from the Zone IV greenfield site are expected to begin from Q2 FY27. The facility includes multiple blocks such as photochlorination, hydrolysis, and nitration, which are commissioning gradually throughout FY27.

Q: What is the status of the company's net debt?

As of Q4 FY26, the company reported a net debt of Rs. 4,300 Cr. Management has indicated that they believe the debt-to-EBITDA ratio has peaked and expects it to improve as capex intensity decreases and EBITDA grows through FY28.

CompoundingAI Research Updated July 25, 2026 3 min read

Aarti Industries enters Q1 FY27 results following a year of steady revenue recovery and a significant shift toward higher-value chemical chains. Investors will be focused on whether the company's margin trajectory holds against volatile raw material costs and if the recently commissioned Zone IV capacity is beginning to contribute to the top line.

Quick Details

Results date	July 30, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 2,422 Cr
Previous quarter PAT	Rs. 137 Cr
Previous quarter EBITDA margin	14.1%
Net debt (latest quarter)	Rs. 4,300 Cr
Market cap	Rs. 17,331.08 Cr
CMP	Rs. 477.8

Aarti Industries Limited Q1 Results Date and Time

The board meeting is scheduled for July 30, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

The quarterly earnings conference call is scheduled for July 31, 2026, at 12:30 PM IST, represented by Mr. Suyog Kotecha (ED & CEO) and Mr. Chetan Gandhi (CFO).

What to expect from Aarti Industries Limited's Q1 FY27 results

Aarti Industries is navigating a transition phase as it scales its Zone IV capacity and targets a group EBITDA of Rs. 1,800-Rs. 2,200 Cr by FY28. Management has highlighted that the China anti-involution policy, which removed VAT rebates on NCB-chain products, is expected to drive margin improvements starting from Q1 FY27. While crude oil volatility and rupee depreciation created headwinds early in the quarter, the company's long-term contracts, including a $150 million agrochemical supply agreement through 2030, provide a foundation for volume growth. The upcoming call will likely focus on whether these structural tailwinds are sufficient to offset the impact of elevated finance costs and the competitive pressure on US-bound exports.

Key Things To Watch

Performance vs Guidance Tracking: Tracking progress against the FY28 strategic goals.

Group EBITDA target — Rs. 1,800-Rs. 2,200 Cr — FY28
Net debt-to-EBITDA — <2.5x — FY28
Capex guidance — Rs. 700-Rs. 800 Cr — FY27

Zone IV and Capacity Ramp-up: Monitoring the transition to revenue generation for new assets.

Revenue accrual from Zone IV expected from Q2 FY27; any early contribution in Q1
Status of photochlorination, hydrolysis, and nitration block commissioning
MMA capacity expansion status toward 360 KTPA target

Margin and Trade Dynamics: Assessing the impact of external trade policies and input costs.

NCB chain margin improvement following China's VAT rebate removal
US tariff mitigation status for DCB and PDA portfolios
Impact of crude oil volatility on gross margins during the April-May period

Debt and Balance Sheet: Evaluating the path to deleveraging.

Net debt reduction progress from the Q4 FY26 level of Rs. 4,300 Cr
Cash flow generation relative to the reduced FY27 capex intensity
Forex revaluation impact on finance costs given the rupee depreciation

Frequently Asked Questions

What was Aarti Industries' revenue in the previous quarter?

Aarti Industries reported standalone revenue of Rs. 2,422 Cr in Q4 FY26. This figure reflects the company's performance as per its official exchange filings for the final quarter of the previous fiscal year.

When does the company expect to see revenue from its Zone IV expansion?

Management has guided that revenue accruals from the Zone IV greenfield site are expected to begin from Q2 FY27. The facility includes multiple blocks such as photochlorination, hydrolysis, and nitration, which are commissioning gradually throughout FY27.

What is the status of the company's net debt?

As of Q4 FY26, the company reported a net debt of Rs. 4,300 Cr. Management has indicated that they believe the debt-to-EBITDA ratio has peaked and expects it to improve as capex intensity decreases and EBITDA grows through FY28.