Aether Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 20, 2023 at 12:49 pm IST
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Aether Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,671.31 million compared to INR 1,512.77 million a year ago. Revenue was INR 1,705.29 million compared to INR 1,536.61 million a year ago. Net income was INR 350.36 million compared to INR 254 million a year ago. Basic earnings per share from continuing operations was INR 2.81 compared to INR 2.28 a year ago. Diluted earnings per share from continuing operations was INR 2.81 compared to INR 2.28 a year ago.
For the nine months, sales was INR 4,672.92 million compared to INR 4,425.44 million a year ago. Revenue was INR 4,832.67 million compared to INR 4,493.15 million a year ago. Net income was INR 928.56 million compared to INR 829.06 million a year ago. Basic earnings per share from continuing operations was INR 7.46 compared to INR 7.45 a year ago. Diluted earnings per share from continuing operations was INR 7.46 compared to INR 7.45 a year ago.
Aether Industries Limited is an India-based company, which is engaged in in the business of specialty chemicals and intermediates. The Company focuses on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology. The Company is also a provider of Contract Research and Manufacturing Services (CRAMS) and contract / exclusive manufacturing services, built upon technology, research and development (R&D), and Pilot Plant facilities. The Company's products find application in the pharmaceuticals industry, agrochemicals, material science, coating, high-performance photography, additive, and oil and gas segments of the chemical industry. The Company conducts its operations through two manufacturing facilities at Sachin in Surat, Gujarat. The Company serves various locations, including Italy, Spain, Germany, the United States, and other parts of the world.