Aether Industries Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Aether Industries reported strong Q2 FY26 results with revenue at Rs. 275.1 Cr (+38% YoY), EBITDA at Rs. 85.3 Cr (+70% YoY) with 31% margins, and PAT at Rs. 54.0 Cr (+55% YoY) with 19% margins. The business mix shifted, with Contract & Exclusive Manufacturing (CEM) and CRAMS now contributing over 50% of sales. Key expansions at Site-3+ (Milliken) and Site-5 (Panoli) are on track for Q4 FY26 commissioning, driving future growth, targeted at 25% annually. R&D capacity is also expanding, with projects set to increase significantly. Management remains confident, expecting H2 to be stronger and sustainable EBITDA margins around 29-30%.