Agarwal Industrial Corporation Ltd
Agarwal Industrial Corporation Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets around 20% year-on-year growth in both revenue and volume. - Volume guidance for FY25 is close to 6 lakh tons, with an expected growth of 10%-15% from the previous year. - The company aims to double volumes in the next 2-3 years, potentially reaching 7 to 8 lakh tons by FY27/28. - Projected topline for the next 2-3 years is around Rs. The company targets around 20% year-on-year growth in both revenue and volume.
From Agarwal Industrial Corporation Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets around 20% year-on-year growth in both revenue and volume.
- Volume guidance for FY25 is close to 6 lakh tons, with an expected growth of 10%-15% from the previous year.
- The company aims to double volumes in the next 2-3 years, potentially reaching 7 to 8 lakh tons by FY27/28.
- Projected topline for the next 2-3 years is around Rs. 4,000 to 5,000 crores (approximately $600-700 million).
- Growth will stem from core bitumen business plus additional volumes from new products in the same business line.
- Industry growth is primarily driven by infrastructure projects such as Bharatmala Pariyojana and PMGSY, with increasing bitumen demand expected.
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Profitability & Margins
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Capital Expenditure Plans
- The company plans CAPEX of around Rs. 100 crores to Rs. 150 crores in the next financial year to support volume growth, mainly for vessel acquisitions and setting up storage terminals.
- They are considering setting up another terminal similar to the one in Mangalore, focusing on logistical advantages.
- The Mangalore terminal has a 40,000 metric tons capacity; about 20-25% for own use, balance for leasing to generate additional revenue.
- CAPEX will be self-funded from internal accruals without heavily relying on debt, though some small debt may be used.
- The company continues to invest in vessel acquisitions to expand its fleet (e.g., 11th vessel added recently).
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Top-ranked in Chemicals & Petrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Major current order book includes projects from HPCL and BPCL.
- Recently secured a project from HPCL to supply 49,000 MT of VG 30 and 9,000 MT of VG 40, valued at Rs. 255 crores.
- Other sales are continuous business and not order-based.
- Order quantities from PSU refineries like BPCL and HPCL are lower compared to last year’s IOCL order; however, PSU orders are for one year and subject to renewal or replacement.
- Volume growth is not solely dependent on PSU orders, with the company maintaining growth even without them.
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Agarwal Industrial Corporation Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹408 Cr, net profit ₹3 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Agarwal Indl.'s management said in earlier quarters
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Frequently Asked Questions
What were Agarwal Industrial Corporation Ltd Q3 FY25 results?
The company targets around 20% year-on-year growth in both revenue and volume. - Volume guidance for FY25 is close to 6 lakh tons, with an expected growth of 10%-15% from the previous year. - The company aims to double volumes in the next 2-3 years, potentially reaching 7 to 8 lakh tons by FY27/28. - Projected topline for the next 2-3 years is around Rs. The company targets around 20% year-on-year growth in both revenue and volume.
What is Agarwal Industrial Corporation Ltd share price analysis?
Agarwal Industrial Corporation Ltd currently shows a neutral. The stock trades at a P/E of 18.0 with a market cap of ₹785 Cr. Investors should review the full earnings analysis for detailed insights.
Is Agarwal Industrial Corporation Ltd planning capital expenditure?
The company plans CAPEX of around Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.