Aether Industries Sets 25% EBITDA Margin Target for New Products, Reports Strong Q1 Results
Aether Industries Limited announced a 25% EBITDA margin target for new products and signed an exclusive manufacturing agreement with Milliken. Q1 financial results show 35% YoY revenue growth to ₹2,561.37 crore, 94% YoY EBITDA growth to ₹781.00 crore, and 57% YoY PAT growth to ₹470.20 crore. The company maintained a 30% EBITDA margin. Expansion plans include Site 5 and Site 3++ projects, with R&D investment at ₹168.79 crore (6.54% of revenues).
Aether Industries Limited (AIL) reported robust Q1 financial results with consolidated revenue of ₹2,587.00 million, up 35% year-on-year. Profit after tax increased by 57% to ₹470.00 million. The company signed a 10-year exclusive manufacturing agreement with Milliken & Company. AIL is expanding its operations with Site 5 and Site 3++ projects, and acquired additional land for future growth. The company's business models showed strong performance, with Large Scale Manufacturing contributing 52% of total revenue. AIL onboarded 6 new customers and invested ₹168.79 million in R&D during Q1. The Board approved new auditor appointments and addressed a non-compliance notice from NSE.
17Jun 25
Aether Industries Inks Contract Manufacturing Deal with Milliken Chemical and Textile
Aether Industries Limited, a specialty chemical manufacturer, has finalized a contract manufacturing agreement with Milliken Chemical and Textile, a global diversified industrial manufacturer. This partnership marks a new business relationship between the two companies in the chemical industry. While specific details are undisclosed, the agreement is expected to involve production or manufacturing services provided by Aether Industries to Milliken.
13May 25
Aether Industries Shares Tumble 6.77% as Promoter Initiates Offer for Sale
Aether Industries' stock dropped 6.77% to a one-month low following an announcement of an Offer for Sale (OFS) by promoter Purnima Desai. The OFS involves 89.79 lakh shares, representing 6.77% of the company's equity, with a floor price of Rs 700.00 per share, a 14% discount to the previous closing price. Bidding for non-retail investors opens today, while retail investors and employees can bid tomorrow. The significant discount and large volume of shares have led to increased market activity and downward pressure on the stock price.
12May 25
Aether Industries Promoter Announces 6.77% Equity Sale via OFS
Purnima Desai, a promoter of Aether Industries Limited, plans to sell up to 6.77% equity (89.79 lakh shares) through an Offer for Sale on May 13 and 14. The floor price is set at ₹700.00 per share. This move by the specialty chemical manufacturer is expected to impact its shareholding pattern and potentially influence short-term stock performance.
05May 25
Aether Industries Reports 503 Crore Net Profit in Q4 FY2023
Aether Industries, a specialty chemical manufacturer, announced a significant turnaround in Q4 FY2023. The company reported a consolidated net profit of 503.00 crore rupees, compared to a 14.00 crore loss in the same quarter last year. Revenue surged 105% to 2,400.00 crore rupees. Despite strong Q4 results, full-year FY2024 figures show a slight decline compared to FY2023, with revenue down 4.52% and net profit decreasing by 36.73%.
Aether Industries Limited announced impressive financial results for Q4 and FY25. Q4 revenue surged 90% YoY to ₹2,453.00 crore, with EBITDA growing 469% to ₹819.00 crore. Net profit reached ₹503.00 crore, compared to a loss in Q4 FY24. Full-year FY25 saw revenue growth of 38% to ₹8,803.00 crore, EBITDA up 72% to ₹2,709.00 crore, and PAT increasing 92% to ₹1,584.00 crore. The company's diverse business models, operational expansions, and focus on R&D contributed to this strong performance.