Agarwal Industrial Q1 Profit Falls 67 Per Cent

20 Aug 2025 CW Team

Agarwal Industrial Corporation Limited (AICL), a leading manufacturer and trader of bitumen and allied products, has reported a sharp decline in earnings for the first quarter of FY26, with profit after tax falling 67 per cent year-on-year.

For the quarter ended 30 June 2025, consolidated revenue stood at Rs 5.95 billion compared with Rs 7.09 billion in Q1 FY25, marking a 16 per cent decline. EBITDA dropped 39 per cent to Rs 380 million, while profit after tax fell to Rs 130 million from Rs 390 million a year earlier. Margins contracted, with EBITDA at 6.4 per cent against 8.7 per cent and net margin at 2.2 per cent compared with 5.5 per cent.

The company attributed the weaker performance to external disruptions, including the India–Pakistan war, geopolitical tensions in the Middle East, and an early monsoon that slowed construction activity. Bitumen volumes were 124,614 metric tonnes during the quarter, delivered across seven port locations with bulk storage capacity of 30,500 metric tonnes. Segment revenues were led by bitumen at Rs 4.96 billion, followed by shipping at Rs 720 million, logistics at Rs 160 million, petroleum at Rs 130 million, and wind and others at Rs 30 million.

Despite headwinds, AICL said it remains confident of long-term demand as the Indian government targets infrastructure investments of Rs 7 trillion by FY26, scaling to Rs 10 trillion annually thereafter under programmes such as Bharatmala and PM Gati Shakti. The goal of building 100 kilometres of roads per day is expected to sustain strong demand for bitumen.

With an integrated platform spanning import-led sourcing, port-based storage, a dedicated shipping fleet, and a 650-vehicle logistics network, AICL stated it is well positioned to serve India’s rising road construction needs while improving supply chain efficiency and maintaining long-term value creation.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..