By: ICN Bureau
Last updated : May 04, 2026 7:38 pm
AIL recorded revenue of Rs. 9,018 crore in FY26, reflecting 12% YoY growth
Aarti Industries Limited (AIL), a global leader in specialty chemicals, has announced its audited consolidated financial results for the fourth quarter and full year ending March 31, 2026.
Despite a challenging global environment marked by Middle Eastern supply chain disruption and rising costs, the company delivered a resilient performance, driven by diversified markets and focused execution of our core strategies.
During Q4 FY26, AIL recorded consolidated revenue from operations at Rs. 2,422 crore, compared to Rs. 2,492 crore in Q3 FY26 (a sequential decrease). EBITDA improved to Rs. 342 crore, up from Rs. 323 crore in the preceding quarter. Profit After Tax (PAT) stood at Rs. 137 crore, showing a slight increase compared to Rs. 133 crore in Q3 FY26.
For the full year FY26, AIL recorded revenue of Rs. 9,018 crore, reflecting 12% YoY growth, supported by stable domestic demand and strong export performance. EBITDA stood at Rs. 1,172 crore, up 15% YoY, supported by volume growth and cost optimisation initiatives. PAT at Rs. 419 crore registered 27% YoY growth.
During the quarter, the company enhanced its long-term growth outlook through two major global agreements.
The company deepened its partnership with a leading global chemical major by transitioning to an integrated, end-to-end manufacturing model. This project involves a capex of Rs. 200–250 crore, to cater to the requirement over the residual 15-year contract period.
AIL also secured a $150 million multi-year agreement with a global agrochemical innovator. This contract focuses on supplying a critical intermediate used in crop protection formulations through March 31, 2030. Notably, this agreement will be fulfilled without requiring any significant incremental capital expenditure.
These developments mark a strategic shift towards deeper integration, enhanced earnings visibility, and improved capital efficiency.
Commenting on the performance, Suyog Kotecha, CEO and Executive Director, said: “FY26 was defined by heightened global volatility and macro uncertainty, with geopolitical developments and shifting trade dynamics impacting the chemical sector. In this environment, our focus remained clear—increase market share, optimise spreads, and sustain operating discipline.
We responded with agility, rerouting volumes from disrupted regions to ensure continuity and minimise the impact on our overall performance. This reflects the strength of our diversified portfolio and deep customer partnerships.
Our strategic focus on integration and long-term partnerships is further strengthening earnings visibility while improving resilience across cycles.
Being recognised with the 2026 Gallup Exceptional Workplace Award by Gallup reinforces our belief that a high-performance culture is a critical enabler of execution. In a business like ours, the ability to consistently deliver through cycles is driven as much by our people as by our assets.”
Outlook
FY26-27 begins with cautious optimism, supported by improving capacity utilisation, strong order visibility through long-term contracts, and continued progress on key growth and integration initiatives.
The situation in West Asia continues to pose risks to the availability of certain critical feedstocks and the placement of key products in the Middle East. While near-term risks persist, the Company is actively working with suppliers and exploring alternate sourcing/placement avenues to ensure continuity of operations.
The company has delivered strong growth in quarterly EBITDA run rate and is on track to implement profitability improvement initiatives, including higher operating leverage, cost optimisation, and incremental contributions from recently commissioned and upcoming assets.
With a strong foundation of strategic investments, improving capacity utilisation, and long-term partnerships, Aarti Industries is well-positioned to navigate near-term volatility while building a robust foundation for sustainable growth.