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Aether Industries Ltd Q2FY24; 41% rise in Profits

Incorporated in 2013, Aether Industries Limited is a manufacturer of specialty chemicals. The company is sole Indian manufacturer for chemicals such as 4-(2-Methoxyethyl) Phenol (4MEP), and 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), Thiophene-2-Ethanol (T2E), Ortho Tolyl Benzo Nitrile (OTBN), N-Octyl-D-Glucamine, Delta-Valerolactone, and Bifenthrin Alcohol.

Financial Results:

Aether Industries Ltd reported Revenues for Q2FY24 of ₹164.00 Crores up from ₹140.00 Crore year on year, a rise of 17.14%.

Total Expenses for Q2FY24 of ₹130.00 Crores up from ₹109.00 Crores year on year, a rise of 19.27%.

Consolidated Net Profit of ₹38.00 Crores up 40.74% from ₹27.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.85, up 30.14% from ₹2.19 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Chemicals
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