AARTIIND

** Aarti Industries ARTI.NS falls 2.3% to 450 rupees

** Speciality chemicals maker reports 63% y/y drop in Q3 net profit

** Total expenses up 11% y/y, largely due to 18% increase in raw material costs; net rev grows 6%

** More than 540,000 shares traded, double the 30-day avg

** Stock gains 10% YTD

($1 = 87.0900 Indian rupees)

(Reporting by Nishit Navin)

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** Shares of Aarti Industries ARTI.NS rise 3.3% to 424.5 rupees

** The specialty chemicals maker said on Wednesday its unit entered into joint venture agreement with Re Sustainability and Recycling to develop plastic materials recycling facilities in India

** The facility aims to recycle resources from waste streams to produce advanced circular materials (ACM), used as raw materials, fuels or recycled polymer feedstock

** JV aims to achieve minimum resource recovery capacity of about 500 tons per day indicative by 2030

** Co did not mention the financial terms of the JV

** 19 analysts covering the stock on avg have a "hold" rating; median PT is 450 rupees - LSEG data

** Stock up ~5% so far this month

(Reporting by Ashna Teresa Britto in Bengaluru)

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Jan 28 (Reuters) - Aarti Industries Ltd ARTI.NS:

• ACQUIRES 26.25% EQUITY IN PRO-ZEAL GREEN POWER SEVEN

Source text: ID:nBSE9XnJJb

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Jan 23 (Reuters) - Aarti Industries Ltd ARTI.NS:

• COMPLETES CAPACITY ENHANCEMENT OF ETHYLATION UNIT AT DAHEJ SEZ UNIT

• CAPACITY FOR ETHYLATION INCREASED FROM ABOUT 8-10 KTPA TO ABOUT 25-30 KTPA

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** Shares of Aarti Pharmalabs AARP.NS fall 3% to 672 rupees

** The pharma co says Gujarat state's pollution control board ordered closure of operations at Valsad plant due to environmental damage

** AARP's down 1% for the week; had gained 36% in 2024

($1 = 85.7800 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Indian specialty chemical cos will likely report a q/q and y/y drop in Q3 earnings due to weak global demand, disrupted trade flows and suppressed prices - PhillipCapital

** Brokerage expects recovery in earnings from Q4

** Says Aarti Industries ARTI.NS will lead earnings momentum sequentially on recovery in Mono Methyl Aniline exports, while Atul ATLP.NS will lead on y/y basis on improved product mix, low base

** Adds SRF SRFL.NS will see earnings decline both q/q and y/y

** ARTI, ATLP, SRF trading up 1.1%, down 0.9 and down 0.7%, respectively

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Aarti Industries ARTI.NS slump as much as 10% to 427 rupees, hitting their lowest since Oct 2020

** Specialty chemicals maker reports a 43% fall in Sept-qtr consol net profit at 520 mln rupees ($6.2 mln), hurt by higher expenses

** Q2 rev from ops rose ~12%

** Busiest session since Dec 2004, more than 21 mln shares change hands, about 14X 30-day avg

** ARTI last down 8.2%, set for third straight session of losses

** Avg rating of 19 analysts covering ARTI at "hold"; peers SRF SRFL.NS and Navin Fluorine NAFL.NS rated "hold" and "buy", respectively

** ARTI's median PT at 511 rupees - LSEG data

** Stock down ~33% so far this year vs a 8% and 9.5% fall in SRF and NAFL, respectively

($1 = 84.3800 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 8 (Reuters) - Aarti Industries Ltd ARTI.NS:

• SEPT-QUARTER CONSOL NET PROFIT 520 MILLION RUPEES

• SEPT-QUARTER CONSOL GROSS REVENUE FROM OPERATIONS 17.86 BILLION RUPEES

Source text: [ID:]

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Sept 30 (Reuters) - Aarti Industries Ltd ARTI.NS:

• ENTERED INTO AGREEMENT TO SELL ENTIRE 50.49% STAKE IN NASCENT CHEMICAL

• TOTAL CONSIDERATION IS 20.4 MILLION RUPEES

Source text for Eikon: ID:nBSEbymHhM

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Aug 9 (Reuters) - Aarti Industries Ltd ARTI.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.37 BILLION RUPEES

• JUNE-QUARTER CONSOL GROSS REVENUE FROM OPERATIONS 20.12 BILLION RUPEES

Source text for Eikon: ID:nBSE243W09

Further company coverage: ARTI.NS

(Reporting by VijayDattaram Malkar)

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** Shares of Aarti Pharmalabs AARP.NS up as much as 11.9% to a record high of 581.95 rupees

** The active pharmaceutical ingredients (API) maker on Monday reported a 52.2% Y/Y jump in its March-qtr consolidated net profit to 652.5 mln rupees ($7.8 mln)

** Revenue from operations rose 4.3% Y/Y

** AARP on track for a third consecutive session of gains, if trends hold

** Stock posts biggest intraday pct gain since April 2023

** More than 3.4 mln shares change hands by 11:03 a.m. IST, 16.3x the 30-day moving avg

** Including session's move, stock is up 14.4% YTD

($1 = 83.5020 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 8 (Reuters) - Aarti Industries Ltd ARTI.NS:

• AARTI INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 1.24 BILLION RUPEES VERSUS PROFIT 1.37 BILLION RUPEES

• AARTI INDUSTRIES DEC-QUARTER CONSOL TOTAL INCOME 17.4 BILLION RUPEES VERSUS 16.68 BILLION RUPEES

Source text for Eikon: ID:nBSECct7H

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** Shares of Aarti Industries ARTI.NS up 11.1% at 679.25 rupees, highest since early Dec 2022

** Stock last rose more than 11% in March 2014

** Emkay Global initiates coverage on stock with "buy" and Street-high PT of 750 rupees

** Sees value chain opportunities for co on feedstock and energy cost issues for European competitors, along with increased Indian nitric acid capacity

** Second-highest PT is 747 rupees by Dolat Capital Market, which also rates the stock "buy"

** Avg rating on stock is "hold"; median PT is 557.95 rupees - LSEG data

** Its rivals SRF SRFL.NS, PI Industries PIIL.NS, UPL UPLL.NS are rated "buy" - LSEG

(Reporting by Varun Vyas in Bengaluru)

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Jan 18 (Reuters) - Aarti Industries Ltd ARTI.NS:

• SECURES 4-YEAR SUPPLY CONTRACT WORTH OVER 60 BILLION RUPEES WITH MULTINATIONAL CONGLOMERATE CO

Source text for Eikon: ID:nBSE1BJ1Y9

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** Kotak Institutional Equities says exuberance around interest rate cuts, supply issues on chemical stocks could wane as sector still has growth issues in 2024

** Some stocks like Atul ATLP.NS, Aarti Industries ARTI.NS , Rallis India RALL.NS, SRF SRFL.NS, Tata Chemicals TTCH.NS, National Fertilizers NAFT.NS, Godrej Agrovet GODE.NS have rallied between 7%-17% in December

** Current data around chemical demand and pricing remains soft, demand still weak - brokerage

** 2024 outlook for crop commodities is quite mixed with low reservoir levels in India and lower agri commodity prices in U.S., Kotak says

** Import prices into India remain weak, as do export prices out of the U.S. - brokerage

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of specialty chemicals and pharmaceuticals manufacturer Aarti Industries ARTI.NS rise as much as 2.6% to 649.65 rupees

** Co enters into a long-term supply contract with a global agrochem firm for an agrochemical intermediate

** Says revenue potential of the contract is over 30 bln rupees ($360.40 million)

** Stock was down as much as 1.1% in early trade before the order win

** ARTI up ~15% in Dec, set for its second biggest monthly gain in 2023, if trends hold

** Stock up ~5% YTD, it had fallen ~30% in 2022

($1 = 83.2410 Indian rupees)

(Reporitng by Nishit Navin in Bengaluru)

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Oct 5 (Reuters) - Aarti Industries Ltd ARTI.NS:

• CO HAS INCORPORATED DUBAI UNIT AARTI CHEMICAL TRADING

Source text for Eikon: ID:nNSE1nX1BM

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Aug 8 (Reuters) - Aarti Industries Ltd ARTI.NS:

• INDIA'S AARTI INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 700 MILLION RUPEES VERSUS 1.36 BILLION RUPEES

• AARTI INDUSTRIES JUNE-QUARTER CONSOL NET REVENUE FROM OPERATIONS 14.14 BILLION RUPEES VERSUS 16.10 BILLION RUPEES

Source text for Eikon: ID:nBSE4l2vG1

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** Kotak Mahindra Bank KTKM.NS, Hero MotoCorp HROM.NS, L&T Technology Services LTEH.NS, Tata Chemicals TTCH.NS and Pidilite Industries PIDI.NS were among top key additions by some of the Indian insurance houses in April, Nuvama Alternative & Quantitative Research says

** SBI Life SBIL.NS, Atul Ltd ATLP.NS, Infosys INFY.NS, SKF India SKFB.NS, and Titan Company TITN.NS were top cuts, brokerage says in a note

** Adds, some insurance funds completely exited stocks like Global Health GLOH.NS, Tata Chemicals TTCH.NS, Aarti Industries ARTI.NS, ICICI Prudential Life Insurance Company ICIR.NS

** Insurers bought Kotak Mahindra Bank to the tune of 2.79 bln rupees ($34.1 mln) and 2.24 billion rupees in Hero Motocorp stock - Nuvama

** Insurance funds sold 3.06 bln rupees of shares in SBI Life, 1.45 bln rupees in Infosys and 1.31 bln rupees worth Titan Co

** Kotak Mahindra Bank shares jumped about 12% in April vs a 6.5% rise in bank index .NSEBANK, while Hero stock added 9% vs a 7.7% increase in auto index .NIFTYAUTO.

** Shares of Infosys dropped over 12% in April and Titan climbed 5.1%

($1 = 81.7800 Indian rupees)

(Reporting by Manvi Pant in Bengaluru and Nallur Sethuraman in Mumbai)

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May 8 (Reuters) - Aarti Industries Ltd ARTI.NS:

• INDIA'S AARTI INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 1.49 BILLION RUPEES VERSUS 1.46 BILLION RUPEES

• AARTI INDUSTRIES MARCH-QUARTER CONSOL NET REVENUE FROM OPERATIONS 16.56 BILLION RUPEES VERSUS 14.37 BILLION RUPEES

• AARTI INDUSTRIES LTD - DIVIDEND 1.50 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: ARTI.NS

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