Aether Industries records 17.7% qoq increase in PAT during Q1FY23

27 Jul 2022 , 09:18 AM

Aether Industries Limited, India’s leading specialty chemical manufacturer has announced its financial results for the first quarter ended on June 30, 2022.

Q1FY23 vs Q1FY22 Highlights —

• Revenue from operations stood at Rs160 crore in Q1FY23 as against Rs150 crore in Q1FY22
• EBITDA reported at Rs48.6 crore in Q1FY23 as compared to Rs47.5 crore in Q1FY22 
• Profit Before Tax stands at Rs41.2 crore in Q1FY23 as against Rs40.4 crore in Q1FY22 
• Profit After Tax reported was at Rs30.6 crore in Q1FY23 as against Rs32.3 crore in Q1FY22 
• EPS stands at Rs2.46 (basic) and Rs.2.46 (diluted)

Operational Highlights

• Revenue from Exports (including deemed exports and SEZ sales) increased by 17.0% in Q1 FY23 (Rs110.7 crore) in comparison with Q1 FY22 (Rs94.6 crore).
• The order book as of June 30, 2022 is Rs246 crore, compared to Rs229 crore as of June 30, 2021.

Commenting on the results, Dr. Aman Desai, Promoter & Whole-time Director, Aether Industries, said, ‘First Quarter after listing and we are very much satisfied with the results, which we are seeing very much in line with our internal targets for the FY23. The Company has managed to keep up with the times owing to our distinct strategy, processes, continual investment in R&D, and development of manufacturing platforms.’

At around 9:18 AM, Aether Industries was trading at Rs96.50 per share lower by 0.81% as against previous closing of Rs903.85 per share on the BSE.