Aarti stated the present capital expenditure is adequate to fulfill the contract requirement. Gogri highlighted that the corporate’s capex is at Rs 2,400–2,800 crore and so they have already spent Rs 1,400 crore.
The availability of the top product of the agrochemicals might be in North America, South America and Europe. Gogri expects the demand for agrochemicals to enhance barely from the final three quarters and the expansion might be seen by the subsequent monetary yr.
“I believe issues will stabilise, and in (the subsequent) three–5 quarters, demand ought to come again,” Gogri stated. The MD stated the pricing would additionally get better as normalcy returns, exuding confidence that the subsequent fiscal could be a “yr of restoration” for not solely Aarti. but in addition the sector as he expects the destocking stage to finish.
Aarti’s inventory was buying and selling 0.94% decrease at Rs 639.70 apiece on the NSE in comparison with a 0.41% advance within the benchmark Nifty 50 at 2.50 p.m.
