Aether Industries Q1 FY26 Revenue Surges 35% YoY; PAT at ₹470 Crore Despite Sequential Dip

Surat, July 24, 2025 — Aether Industries Ltd (NSE: AETHER | BSE: 543534) delivered a strong operational performance in the first quarter of FY26, with consolidated revenue climbing 35% year-on-year and profit after tax (PAT) growing 57% YoY, despite a 7% sequential decline in net profits due to one-off exceptional items.

Q1 FY26 Consolidated Financial Performance

• Revenue from operations grew to ₹2,561 crore in Q1 FY26, up 35% year-on-year (YoY) and 7% quarter-on-quarter (QoQ).
• Total income rose to ₹2,587 crore, also reflecting a 35% YoY and 5% QoQ increase.
• EBITDA nearly doubled to ₹781 crore, registering a 94% YoY growth and a modest 2% rise QoQ.
• Profit before tax (PBT) stood at ₹616 crore, up 57% YoY, though it saw a 3% sequential decline.
• Profit after tax (PAT) came in at ₹470 crore, showing a 57% YoY jump, but dipped 7% QoQ from ₹503 crore in Q4 FY25.
• Basic earnings per share (EPS) for the quarter stood at ₹3.55, up from ₹2.26 in Q1 FY25, though slightly down from ₹3.79 in the previous quarter.

Standalone Financial Snapshot

• Revenue from operations for Q1 FY26 stood at ₹2,143 crore, nearly unchanged from ₹2,147 crore in Q4 FY25, and up from ₹1,800 crore in Q1 FY25.
• EBITDA rose to ₹660 crore, slightly higher than ₹646 crore in the previous quarter and up significantly from ₹405 crore in the year-ago period.
• Profit after tax (PAT) came in at ₹401 crore, lower than ₹429 crore in Q4 FY25 but higher than ₹302 crore in Q1 FY25.
• Total income stood at ₹2,175 crore, marginally down from ₹2,203 crore in the previous quarter but up from ₹1,920 crore a year ago.

Business Highlights and Strategic Developments

• Milliken Partnership: Aether formalized a long-term contract with Milliken Chemical and Textile (India) Co. Pvt. Ltd., with exclusive manufacturing rights at its Site 3++ facility, which will be dedicated to a key strategic product. Commissioning is expected by Q4 FY26.
  • Site 5: Civil and equipment works are underway, with commissioning of two production blocks by end-Q3 FY26.
  • Land Acquisition: An adjacent parcel has been secured, expanding Site 5 to 46 acres, enabling long-term scaling.
• Customer Growth: The company added six new clients across its Contract Manufacturing (CEM), Large-Scale Manufacturing (LSM), and CRAMS models in Q1.
• R&D Focus: ₹169 Cr spent on R&D in Q1 FY26, representing 6.54% of total revenue, reaffirming Aether’s innovation-centric growth model.

Board & Regulatory Update

Aether acknowledged a notice from NSE for non-compliance under Regulation 23(9) for delayed submission of related party disclosures for the period ending March 2025. The company attributed this to a technical submission error, which is under joint review with the NSE.

Management Commentary

Ashwin Desai, Managing Director, stated: “We continue to drive sustainable growth through technology, partnerships, and capacity. With strategic agreements like Milliken and expansion at Site 5, we are building a stronger and more diversified growth engine.”

Aether Industries Stock Performance

Aether Industries shares closed at ₹806, which is a 0.15% dip on July 24, 2025. Aether Industries shares have declined 12% over the last year, 8% year-to-date, and gained 4.20% in the previous month. The stock opened at ₹815.95, with an intraday movement ranging from a low of ₹801.25 to a high of ₹819.65. The company has a market capitalisation of ₹10,690 crore. Over the past 52 weeks, the stock has traded between a high of ₹1,071.00 and a low of ₹725.00, exhibiting a moderately wide trading range.

About Aether Industries

Listed on the NSE and BSE, Aether Industries Ltd. is a leading speciality chemicals manufacturer with core operations in large-scale manufacturing, CEM, and CRAMS. The Surat-based company caters to the pharmaceutical, agricultural, materials science, and sustainability sectors, boasting a global export footprint.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e689f68-3169-4e18-9337-6c92a0948442.pdf

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