Aether Industries Ltd. · NSE:AETHER
Aether Industries — Q1 FY26 Earnings Presentation
32 slides from Aether Industries's earnings presentation, Jul 24, 2025
Slide 1: Outcome of the Board Meeting held on July 24, 2025
July 24, 2025 Ref. No.: AIL/SE/27/2025-26 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: Outco
Slide 2: Thanking you; list of enclosures
Thanking you. For Aether Industries Limited Chitrarth Rajan Parghi Company Secretary & Compliance Officer Mem. No.: F12563 Encl.: 1. Standalone and Consolidated Financial Results along with the Limited Review Report 2. Profile of appointing Auditors 3. Notice received from the National Stock Exchang
Slide 3: Annexure: particulars of Statutory and Secretarial Auditors
Annexure of information containing particulars of various Auditors: Particulars of Statutory Auditor Secretarial Auditor Appointment Appointee M/s. Suresh I. Surana & M/s. Dhirren R. Dave & Company Auditor / Firm Associates LLP Date of From the conclusion of the AGM July 24, 2025 appointment & term
Slide 4: Particulars of Cost Auditor and Internal Auditor
Particulars of Cost Auditor Internal Auditor Appointment Appointee M/s. PAAA & Associates Ms. Riddhi Chitaliya Auditor / Firm Date of July 24, 2025 July 24, 2025 appointment & term of For a term of 1 year, FY 2025-26 For a term of 1 year, FY 2025-26 appointment (remuneration subject to ratification
Slide 5: Limited review report on consolidated results
BIRJU S. SHAH & ASSOCIATES 113, INTERNATIONAL BUSINESS CENTRE, NR. BIG BAZAR PIPLOD, SURAT-395007 Phone : (0) 91 261 2470880, (M) 91 99784 44603 Email :cabirjjushah@gmail.com, sarvam9@gmail.com Limited review report on unaudited quarterly consolidated financial results for the quarter ended June 30,
Slide 6: Limited review report (continued)
BIRJU S. SHAH & ASSOCIATES 113, INTERNATIONAL BUSINESS CENTRE, NR. BIG BAZAR, PIPLOD, SURAT-395007 Phone : (0) 91 261 2470880, (M) 91 99784 44603 Email :cabirjjushah@gmail.com, sarvam9@gmail.com 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has com
Slide 7: Statement of Unaudited Consolidated Financial Results Q1 FY26
AETHER INDUSTRIES LIMITED, SURAT Plot No. 8203, GIDC Sachin, Surat - 394230, Gujarat, INDIA Website: www.aether.co.in, Email: compliance@aether.co.in Corporate Identification Number (CIN): L24100GJ2013PLC073434 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025
Slide 8: Notes to consolidated results
Notes: 1. These results have been prepared in accordance with the Indian Accounting Standard (ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. 2. The above results have been subject to Limited Review by the statutory auditors of the Company
Slide 9: Limited review report on standalone results
BIRJU S. SHAH & ASSOCIATES 113, INTERNATIONAL BUSINESS CENTRE, NR. BIG BAZAR, PIPLOD, SURAT-395007 Phone : (0) 91 261 2470880, (M) 91 99784 44603 Email :cabirjjushah@gmail.com, sarvam9@gmail.com Limited review report on unaudited quarterly standalone financial results for the quarter ended June 30,
Slide 10: Auditor signature page
BIRJU S. SHAH & ASSOCIATES 113, INTERNATIONAL BUSINESS CENTRE, NR. BIG BAZAR, PIPLOD, SURAT-395007 Phone : (0) 91 261 2470880, (M) 91 99784 44603 Email :cabirjjushah@gmail.com, sarvam9@gmail.com For, Birju S. Shah & Associates Chartered Accountants ICAI Firm Registration Number: 131554W 107086 SURAT
Slide 11: Statement of Unaudited Standalone Financial Results Q1 FY26
AETHER INDUSTRIES LIMITED, SURAT Plot No. 8203, GIDC Sachin, Surat - 394230, Gujarat, INDIA Website: www.aether.co.in, Email: compliance@aether.co.in Corporate Identification Number (CIN): L24100GJ2013PLC073434 STATEMENTOF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2025 (R
Slide 12: Notes to standalone results
Notes: 1. These results have been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 asamended from time to time. 2. The above results have been subject to Limited Review by the statutory auditors of the Company
Slide 13: NSE notice for non-compliance with Regulation 23(9)
NSE/LIST-SOP/FINES/0710 June 27, 2025 To, The Company Secretary Aether Industries Limited Plot No. 8203, GIDC Sachin, Gujarat, Surat-394230 Dear Sir/Madam, Subject: Notice for non-compliance with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing R
Slide 14: NSE notice: waiver and policy information
policies available on the Exchange’s website. For ready reference you may refer below links: i. Policy on exemption of fine: https://archives.nseindia.com/content/equities/Policy_for_exemption_SOP_Equity.pdf ii. Policy on processing of waiver application: https://nsearchives.nseindia.com/web/sites/d
Slide 15: Annexure: fine details
Annexure Fine amount per Days of non- Fine amount Regulation Half year ended day (Rs.) compliance(s) (Rs.) 23(9) 31-Mar-2025 5000 54 270000 Total Fine 270000 GST (@18%) 48600 Total 318600* * In case the Company is non-compliant as on the date of this letter then fine amount will keep on increasing e
Slide 16: Q1 FY26
Q1 | FY26
Slide 17: Financial results: revenue ₹2,587 M
Q1 FY26 Financial results Comparing periods ₹ 2,587 M Q4 FY25 ₹ 2,453 M Revenue for the quarter Q1 FY25 + 5% Q/Q | + 35% Y/Y ₹ 1,920 M (Consolidated Numbers)
Slide 18: Financial results: EBITDA ₹781 M
Q1 FY26 Financial results Comparing periods ₹ 781 M Q4 FY25 ₹ 768 M EBITDA for the quarter Q1 FY25 + 2% Q/Q | + 94% Y/Y ₹ 402 M (Consolidated Numbers)
Slide 19: Financial results: PAT ₹470 M
Q1 FY26 Financial results Comparing periods ₹ 470 M Q4 FY25 ₹ 503 M PAT for the quarter Q1 FY25 - 7% Q/Q | + 57% Y/Y ₹ 299 M (Consolidated Numbers)
Slide 20: Earnings: Revenue, EBITDA, PAT
Earnings REVENUE EBITDA PAT 2,587 781 470 Q1 FY26 30% 18% Q/Q +5% +2% - 7% Y/Y +35% +94% +57% Q1 FY25 1,920 402 299 22% 16% (Consolidated Numbers) | All numbers in INR M
Slide 21: Highlights
Site 3++ Expansion Executed CEM agreement with Milliken & Co., strategic product launch by Q4 of FY26 6 New Customers onboarded across all the business models Site 5 Expansion during Q1 FY26 Phase one - commissioning of 2 production blocks by end of Q3 FY26 Highlights Team Structure being reaffirmed
Slide 22: Business Models
Business Models 37% Contract | Exclusive ₹318 ₹326 ₹947 20% 18% 37% Manufacturing Q1FY24 Q1FY25 Q1FY26 10% Contract Research & ₹251 ₹257 ₹251 Manufacturing Services 16% 14% 10% Q1FY24 Q1FY25 Q1FY26 52% Large Scale ₹1,020 ₹1185 ₹1,325 63% 66% 52% Manufacturing Q1FY24 Q1FY25 Q1FY26 (Consolidated Numbe
Slide 23: Aether Today: Revenue
Aether Today FY18 1,092 30.47 FY19 2,033 EBITDA % 28.49 28.61 FY20 3,038 Revenue 27.34 FY21 4,541 24.45 FY22 5,970 23.07 FY23 6,676 22.98 19.81* 21.17 FY24 6,374* FY25 8,803 Q1FY26 Q1FY26 2,587 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q1FY26 19.53 51.74% LSM 66.86% Domestic 18.25 18.00 18.17 36.99% C
Slide 24: Business Segments
Business Segments Revenue 35.10% Pharma 38.33% Pharma 19.18% Oil & Gas 13.74% Oil & Gas 16.87% Material Science 20.77% Material Science 11.11% Agro 17.20% Agro 7.21% High Performance Photography 1.54% High Performance Photography 5.18% Multiple 0.96% Multiple 3.32% Coatings 2.63% Coatings 2.04% Sust
Slide 25: Partnership
Partnership Aether has executed a Contract / Exclusive Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Pvt. Ltd., a wholly-owned subsidiary of the USA headquartered Milliken & Company (Milliken). Under this contract, Aether will be the current sole manufacturing partner for a
Slide 26: Foundational differentiator
Foundational differentiator FY24 15.4%* Core R&D-Centric approach demonstrated by ₹987 ₹ 168.79 M spent towards Research & Development, accounting for 6.54% of the total revenues in Q1 FY26 ₹681 FY23 7.5% FY25 7.74% FY22 6.6% ₹501 ₹ 681 ₹393 FY21 4.3% FY20 4.0% ₹193 FY19 2.6% ₹121 ₹53 * FY24 - fire
Slide 27: Site 3++
Site 3++ Expansion is on track, with equipment procurement underway and all approvals secured for a seamless transition. For Milliken, product under CEM is set to launch, with commissioning targeted in Q4 FY26.
Slide 28: Site 5
Site 5 The EC was approved in December 2023, equipment ordering done for phase 1. Ground digging, wall fencing, and plinth work are complete and equipment installation started. Commissioning for two production blocks in Phase 1 expected by the end of Q3 FY26.
Slide 29: Site 5: New Land Acquired
Site 5 Secured an adjacent parcel, expanding Site 5 to 46 acres, with strategic foresight for future business expansions New Land Acquired
Slide 30: Standalone Financial Results
Standalone Financial Results Q1FY26 Q4FY25 Q1FY25 FY25 Unaudited Audited Unaudited Audited Particulars (INR in MM) Revenue from operations 2,143 2,147 1,800 7,885 Other income 32 56 120 443 Total income 2,175 2,203 1,920 8,328 Cost of material consumed + Changes in inventories 1,049 1,102 1,024 4,13
Slide 31: Consolidated Financial Results
Consolidated Financial Results Q1FY26 Q4FY25 Q1FY25 FY25 Unaudited Audited Unaudited Audited Particulars (INR in MM) Revenue from operations 2,561 2,402 1,800 8,387 Other income 26 51 120 416 Total income 2,587 2,453 1,920 8,803 Cost of material consumed + Changes in inventories 1,336 1,232 1,024 4,
Slide 32: We bend molecules to purpose
"We bend molecules to purpose — and purpose to progress." - Aether All rights reserved. Aether and the Aether logo are trademarks of Aether Industries Limited, registered in India Registered Of ce - 8203, Road No. 08, GIDC Sachin - 394230, Surat, Gujarat, India | Board Line: +91-261-6603000 | Email