Aether Industries reports strong Q2 FY26 performance, revenue up 38% year-on-year

Aether Industries Limited announced significant financial results for Q2 FY26, with operating revenue reaching ₹2,751 m, marking a 7% increase quarter-on-quarter and a substantial 38% rise year-on-year. This growth was attributed to increasing CEM contracts and steady LSM demand. EBITDA for the quarter stood at ₹853 m, up 9% quarter-on-quarter and 70% year-on-year, bolstered by an optimized business strategy. Profit after tax (PAT) also saw strong growth, increasing by 15% quarter-on-quarter and 55% year-on-year to ₹540 m, reflecting improved profitability from a shift in segment mix.

For H1 FY26, the company reported revenue of ₹5,425 m, EBITDA of ₹1,634 m (31% margin), and PAT of ₹1,010 m (19% margin), representing year-on-year increases of 35%, 81%, and 56% respectively. Contract Research & Manufacturing Services (CRAMS) and Contract | Exclusive Manufacturing (CEM) collectively contributed over 55% of the revenue. The company also highlighted its R&D-centric approach, with ₹392.31 m spent on R&D in H1 FY26, accounting for 7.23% of revenues.

Operational highlights include the execution of a CEM agreement with Milliken & Co. and strategic product launch by Q4 FY26, alongside the commissioning of two production blocks for Site 5 expansion by the end of Q4 FY26. Aether Industries also onboarded 10 new customers across all business models during H1 FY26 and successfully completed 26 customer and certification audits, demonstrating operational excellence.