Aether Industries Ltd — earnings calls

Aether Industries reported Q1 FY27 consolidated revenue growth of 27% year-over-year to INR3,266 million, with EBITDA up 31% to INR1,028 million and PAT up 33% to INR627 million. Management described a new collaboration with Dow Chemical to develop silicone manufacturing technology and highlighted advanced electronic materials for 5G and AI semiconductor applications as a new growth vector. Management also discussed capacity utilization across sites, the CEM and CRAMS business mix, and progress on the Magnum Site 5 expansion in Panoli.

Aether Industries reported FY26 consolidated revenue of Rs 11,601 million, up 38% year-on-year, with EBITDA growing 53% to Rs 3,547 million and PAT rising 39% to Rs 2,195 million. Management attributed the sequential decline in Q4 versus Q3 to one-off items including a FLOP claim income booked in Q3, a fire-related inventory write-off, and year-end provisions in Q4. Management described large-scale manufacturing pricing as having risen sharply following supply disruptions linked to the conflict, and outlined progress on Site 5 commissioning, R&D capacity expansion, and new customer additions.