Aether Industries Q2 Profit Dips 5% on Higher Costs
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.
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.
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