Aether Industries Q2 Profit Dips 5% on Higher Costs

Oct 18, 2024 17:29

Aether Industries reported a 5.12% drop in Q2 profit to Rs 34.79 crore due to higher expenses despite revenue growth. The company's total income rose 17.7% to Rs 209.77 crore.

New Delhi, Oct 18 (PTI) Speciality chemicals manufacturer Aether Industries on Friday reported a 5.12 per cent drop in consolidated net profit to Rs 34.79 crore for the second quarter of 2024-25 as higher expenses offset revenue growth.

The company's net profit stood at Rs 36.67 crore a year earlier.

The total income rose 17.7 per cent to Rs 209.77 crore but was outpaced by a 21.9 per cent jump in expenses to Rs 157.91 crore, the company said in a regulatory filing.

"We have successfully managed to increase our EBITDA margin while maintaining robust revenue growth," said Rohan Desai, promoter and whole-time director.

The company said it had reduced its working capital cycle and generated positive cash flow from operations during the quarter.

Source: PTI

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Aether Industries Q2 Profit Dips 5% on Higher Costs

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