Slide 1: Presentation on Financial Results cover letter to exchanges
July 31, 2026 Ref. No.: AIL/SE/23/2026-27 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai-400001, MH. Mumbai-400051, MH. Scrip Code: 543534 Symbol: AETHER Dear Madam / Sir, Subject: Prese
Slide 2: Q1 FY27
Q1 FY27
Slide 3: Business Models Q1 FY27
Business Models Q1 FY27 Contract | Exclusive Contract Research & Large Scale Manufacturing Manufacturing Services Manufacturing 18% 14% 66% Q1FY25 !326 !256 !1185 37% 10% 52% Q1FY26 !947 !251 !1,325 Q1FY27 !1,656 !301 !1,258 CEM and CRAMS contribute 60% of revenue, to achieve 70% in next two years (
Slide 4: Highlights for the Quarter
Highlights for the Quarter SITE 3++ SITE 5 ACCOMPLISHED 9 commercial production started and Phase One - 2 production blocks - customer & certiÞcation audits, ramp up ongoing commercial operation began in Q1 FY27 proving operational excellence in Q1 FY27 R&D EXPANSION 10 NEW CUSTOMERS TEAM STRUCTURE
Slide 5: Aether Today
Aether Today 51.5% CEM 39.1% LSM Revenue 9.3% CRAMS 0.1% Others By Business FY18 !1,092 FY19 !2,033 FY20 !3,038 FY21 !4,541 Q1 FY27 FY22 !5,970 62.5% Domestic 37.5% Exports # FY23 !6,676 FY24 !6,374 FY25 !8,803 By Region FY26 FY26 !11,811 !3,342 * FY24 - Þre accident reduced Revenue, EBITDA, and PAT
Slide 6: Operating Revenue Q1 FY27
Operating Revenue Q1 FY27 Q4 FY26 Q1 FY26 !3,051 M +27% Y/Y Growing CEM Contracts & price led LSM demand !2,566 M (Consolidated Numbers) | All numbers in INR M
Slide 7: EBITDA Q1 FY27
EBITDA Q1 FY27 Q4 FY26 Q1 FY26 31% 27% !814 M* +31% Y/Y Pivot of business model towards CRAMS & CEM Contracts leading to strong operating income & margin growths 31% !785 M *Impact of ! 70 M - loss of inventories on account of Þre at external warehouse in March 2026 and certain year end provisions (
Slide 8: Profit After Tax Q1 FY27
ProÞt After Tax Q1 FY27 Q4 FY26 Q1 FY26 19% 17% !540 M* +33% Y/Y Improved proÞtability with a shift in segment mix 18% !470 M *Impact of loss of inventories on account of Þre at external warehouse in March 2026 and certain year end provisions (Consolidated Numbers) | All numbers in INR M
Slide 9: Segment Contributions
Segment Contributions 32.2% Pharma 35.1% Pharma 31.4% Oil & Gas 19.2% Oil & Gas 16.6% Material Science 16.9% Material Science 9.5% Agro 11.1% Agro 3.7% Multiple 7.2% High Performance Photography 3.2% High Performance Photography 5.2% Multiple 1.7% Coatings 3.3% Coatings 1.7% Sustainability & Renewab
Slide 10: R&D - Centric Approach
R&D - Centric Approach !198.07 M spent towards R&D accounting for 6.16% of revenues in Q1FY27. R&D Expansion on track - (1) 18 fume hoods installed (2) New R&D Building construction on track FY22 6.6% FY24 15.4%* FY20 4.0% FY26 7.3% FY23 7.5% FY25 7.7% FY19 2.6% FY21 4.3% * FY24 - Þre accident reduc
Slide 11: Catalyst / Site 1 (R&D Expansion - Current Picture)
Name: Catalyst / Site - 1 (R&D Expansion - Current Picture) Ground levelling work completed commenced building construction and expected to be completed by Q1FY28.
Slide 12: Catalyst / Site 1 (The future)
Name: Catalyst / Site - 1 (The future) Proposed Site - Catalyst | Site - 1
Slide 13: Magnum | Site 5 (Current Picture)
Name: Magnum | Site - 5 (Current Picture) Phase 1 - Two production blocks commenced commercial production and expected to contribute revenue from Q2FY27 onwards. Strong visibility for the Þrst 10 production blocks.
Slide 14: Consolidated Financial Results
Consolidated Financial Results Q1FY27 Q4FY26 Q1FY26 FY26 Unaudited Audited Unaudited Audited Particulars (INR in MM) Revenue from operations 3,266 3,051 2,566 11,601 Other income 77 112 21 209 Total income 3,342 3,163 2,587 11,811 Cost of material consumed + Changes in inventories 1,638 1,719 1,336
Slide 15: Standalone Financial Results
Standalone Financial Results Q1FY27 Q4FY26 Q1FY26 FY26 Unaudited Audited Unaudited Audited Particulars (INR in MM) Revenue from operations 2,565 2,373 2,148 9,402 Other income 99 97 27 215 Total income 2,664 2,470 2,175 9,617 Cost of material consumed + Changes in inventories 1,188 1,268 1,049 4,551
Slide 16: Chemistry Innovation
Chemistry Innovation is our language is our identity - Aether All rights reserved. Aether and the Aether logo are trademarks of Aether Industries Limited, registered in India Registered OfÞce - Plot No. 8203, GIDC Sachin, Surat - 394230, Gujarat, India | Board Line: +91-261-6603000 | Email ID: info@