Promoter Dr. Aman Desai said Aether has managed to sustained growth profile year on year.
MUMBAI, June 17 (The CONNECT) - Aether Industries Limited, India’s leading specialty chemical manufacturer that focuses on advanced intermediates and specialty chemicals, has clocked revenues from operations of ₹590.05 crore for the full year ended March 31, 2022 as compared to ₹449.82 crore in FY21.
The Company’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stood at ₹175.08 crore in FY22, as against ₹116.13 crore in FY21. The Company’s EBITDA margin was 29.33% in FY22 vs 25.59% in FY21.
Profit Before Tax (PBT) stood at ₹146.47 crore for FY22 as compared to ₹93.81 crore in FY21. The Company’s PBT margin was 24.53% in FY22 vs 20.67% in FY21.
Profit After Tax (PAT) stood at ₹108.93 crore for FY22 as against ₹71.12 crore in FY21. The Company’s PAT margin was 18.25% in FY22 vs 15.67% in FY21.
The Company clocked ROCE’s of 23.96% and ROE’s of 28.16% in FY22.
Revenue from Exports (including deemed exports and SEZ sales) increased by 52.71% in Q4 FY22 in comparison with Q4 FY21.
The order book as of March 31 was 247.05 crores, compared to 212.81 crores a year ago.
Despite being a pandemic year, Aether could cement and expand the existing exclusive manufacturing partnerships for the 3-Methoxy-2-Methyllenzoyl Chloride (MMBC), 2-Methoxy-6- Chlorotoluene (MCT), and Delta Valerolactone (DVL) products with key multi-national customers.
Commenting on the results, Dr. Aman Desai, Promoter & Whole-time Director, Aether Industries, said, "We have managed to sustain our growth profile year on year. Our differentiated approach, methods and consistent investment into R&D, building better manufacturing platforms has kept us riding the tide and efforts will continue across teams to stay ahead. In our sales mix the Pharma sector continues to dominate i.e 59.54% followed by the Agrochemicals sector which grew by 4.08% to 24.68%. Other segments like Coatings grew by 0.54% to 3.31% in addition to new segments like Material Science contributing 4.21% and Oil and Gas contributing 0.92% besides others. 64.67% of our revenues comes from exports (including SEZ sales and sales to EOU units in India), balance 35.33% catering to domestic sales.