Aether Industries Reports Strong Q3 FY24-25 Results Amid Rising Interest Costs and Debt Concerns

Aether Industries, a midcap player in the chemicals sector, has reported its financial results for the third quarter of FY24-25, with the announcement made on January 17, 2025. The company's Profit Before Tax (PBT) reached Rs 50.44 crore, showcasing a notable change compared to the average PBT of Rs 21.60 crore over the previous four quarters. Profit After Tax (PAT) also saw a significant shift, rising to Rs 45.29 crore from an average of Rs 22.52 crore.
Net sales achieved a five-quarter high at Rs 219.68 crore, reflecting a change from the previous average of Rs 162.93 crore. Operating profit was reported at Rs 64.72 crore, with an operating profit margin of 29.46%, indicating a shift in operational efficiency.

Despite these positive developments, Aether Industries is encountering challenges, including a rise in interest costs to Rs 3.21 crore, which has seen a substantial change quarter on quarter. The debt-equity ratio has reached its highest level in recent periods at 0.10 times, suggesting a shift towards increased borrowings. Additionally, the debtors turnover ratio has declined to 2.31 times, indicating a change in the speed of receivables settlement.

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