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Aether Industries Ltd Q3FY24; 51% fall 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 Q3FY24 of ₹155.00 Crores down from ₹167.00 Crore year on year, a fall of 7.19%.

Total Expenses for Q3FY24 of ₹136.00 Crores up from ₹126.00 Crores year on year, a rise of 7.94%.

Consolidated Net Profit of ₹17.00 Crores down 51.43% from ₹35.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.31, down 53.38% from ₹2.81 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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