Aether Industries records 53% yoy increase in PAT during Q4FY22

17 Jun 2022 , 09:16 AM

Aether Industries Limited, India’s leading specialty chemical manufacturer that focuses on advanced intermediates and specialty chemicals, has announced its first financial results following the listing of its shares for the fourth quarter ended on March 31, 2022.

FY22 vs FY21

• Revenues from operations for the full year ended March 31, 2022 stood at Rs590.05 crore as compared to Rs449.82 crore in FY21.
• The Company’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stood at Rs175.08 crore in FY22, as against Rs116.13 crore in FY21. The Company’s EBITDA margin was 29.33% in FY22 vs 25.59% in FY21.
• Profit Before Tax (PBT) stood at Rs146.47 crore for FY22 as compared to Rs93.81 crore in FY21. The Company’s PBT margin was 24.53% in FY22 vs 20.67% in FY21.
• Profit After Tax (PAT) stood at Rs108.93 crore for FY22 as against Rs71.12 crore in FY21. The Company’s PAT margin was 18.25% in FY22 vs 15.67% in FY21.
• The Company clocked ROCE’s of 23.96% and ROE’s of 28.16% in FY22.

Operational Highlights

• Revenue from Exports (including deemed exports and SEZ sales) increased by 52.71% in Q4 FY22 in comparison with Q4 FY21.
• The order book as of 31 March 2022 is Rs247.05 crore, compared to Rs212.81 crore as of 31 March 2021.

Commenting on the results, Dr. Aman Desai, Promoter & Whole-time Director, Aether Industries, said, “We have managed to sustain our growth profile year on year. Our differentiated approach, methods and consistent investment into R&D, building better manufacturing platforms has kept us riding the tide and efforts will continue across teams to stay ahead. In our sales mix the Pharma sector continues to dominate i.e 59.54% followed by the Agrochemicals sector which grew by 4.08% to 24.68%.

Other segments like Coatings grew by 0.54% to 3.31% in addition to new segments like Material Science contributing 4.21% and Oil and Gas contributing 0.92% besides others. 64.67% of our revenues comes from exports (including SEZ sales and sales to EOU units in India), balance 35.33% catering to domestic sales.

On Friday early morning trade, Aether Industries was trading at Rs775.05 per share lower by 0.59% on the BSE.