Agarwal Industrial Corporation Limited has declared its Q1FY22 results wherein the firm closed the first quarter of F.Y. 2021-22 with triple digit growth in both top and bottom line. As per the Q1FY22 results details announced by Agarwal Industrial Corporation Limited, "The Consolidated Revenue of the Company grew 177% (YoY) to Rs. 407.94 Crore. The consolidated profit after tax grew 277% YoY to Rs. 15.07 Crore. PAT margin of the Company stood at 3.68% as compared to 2.7% in the last quarter. The Board of the Company has declared final dividend of INR 1.80, subject to the approval of shareholders."

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Commenting on the announcement of Q1FY22 results of Agarwal Industrial Corporation Limited, Lalit Agarwal, Whole Time Director, said “AICL is consistently pursuing its goal of accelerated high-value growth. In the first quarter, once again we delivered – with strong and profitable growth in all businesses. The strong performance of our company was demonstrated in the first quarter by triple-digit revenue growth and increased profitability. With a strong liquidity position, a demonstrated ability to deliver execution and profitability, we are confident to weather the crisis as well as tocapture opportunities in a resilient non recession market of bitumen.”

Moreover, Jaiprakash Agarwal, Managing Director, Agarwal Industrial Corporation Limited, said, “Q1FY22 marks yet another robust quarter with strong progress driven by petrochemical business. This quarter led to successful acquisition of Agarwal Translink Private Limited, which is believed to be a definitive step toward strengthening of financials and unlocking of higher value and greater opportunities in the logistics segment. Our endeavor to strengthen our balance sheet and improve business visibility and stability continues – which will be forming the basis for growth going forward. ”