Aether Industries Q2 PAT Rises 26.62% to Rs 67.99 Cr

Mumbai: Speciality chemicals manufacturer Aether Industries on Friday reported a 26.62 per cent rise in consolidated net profit to Rs 67.99 crore.

The company’s PAT was Rs 53.95 crore in the corresponding quarter of the preceding year, Aether Industries said in a regulatory filing.

Its revenue from operations rose 23.95 per cent during the quarter under review to Rs 347.21 crore compared to Rs 280.1 crore a year ago.

The strong second-quarter financial performance was driven by growth across key financial parameters, supported by expansion of its contract manufacturing business, increasing contribution from its LSM (large-scale manufacturing) model, and an improved business mix, the company said.

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