Aether Industries Reports Mixed Performance in Q2 FY25 Financial Results

Aether Industries, a midcap chemical company, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Aether Industries has shown a flat performance in the quarter, with a score of 3 compared to -10 in the previous quarter. However, there are some positive trends seen in the company’s financials.

The Profit Before Tax (PBT) less Other Income has grown by 104.1% to Rs 40.88 crore, compared to the average PBT of the previous four quarters at Rs 20.03 crore. This indicates a very positive trend in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 66.1% to Rs 37.19 crore, compared to the average PAT of the previous four quarters at Rs 22.39 crore.

The company’s Net Sales for the quarter have also seen a positive trend, with the highest at Rs 198.80 crore in the last five quarters. This is a growth of 28.9% compared to the average Net Sales of the previous four quarters at Rs 154.27 crore. The Operating Profit (PBDIT) for the quarter has also shown a positive trend, with the highest at Rs 53.64 crore in the last five quarters.

However, there are some areas of concern for Aether Industries. The interest cost has increased by 69.20% over the preceding nine months period, indicating increased borrowings. Additionally, the company’s Operating Cash Flow has been falling each year in the last three years, with the lowest at Rs -16.46 crore. This signifies a decrease in cash revenues from business operations.

Overall, Aether Industries has shown a mixed performance in the quarter ending September 2024. While there are some positive trends in the company’s financials, there are also some areas of concern that need to be addressed. Investors are advised to hold their stock and keep an eye on the company’s future financial reports.