Slides
Page 1
Q4 | FY25
Page 2
Comparing periods Q3 FY25 ₹ 2,333 M Q4 FY24 ₹ 1,291 M Financial results Q4 FY25 ₹ 2,453 MRevenue for the quarter +5 % Q/Q | +90% Y/Y (Consolidated Numbers)
Page 3
Financial results Q4 FY25 ₹ 819 MEBITDA for the quarter +8 % Q/Q | +469% Y/Y (Consolidated Numbers) Comparing periods Q3 FY25 ₹ 757 M Q4 FY24 ₹ 144 M
Page 4
Financial results Q4 FY25 ₹ 503 M PAT for the quarter +16 % Q/Q | +3621% Y/Y (Consolidated Numbers) Comparing periods Q3 FY25 ₹ 434 M Q4 FY24 ₹ -14 M
Page 5
Earnings 8,803 + 38% 2,70931% + 72% 1,58418% + 92% REVENUE EBITDA PAT 2,453 +5% +90% 81933% 50321% +8% +469% +16% +3621% Q4 FY25FY25 Q/Q Y/Y FY/FY (Consolidated Numbers) | All numbers in INR M
Page 6
Site 5 Expansion Phase one - commissioning of 2 production blocks in H2 of FY26 Site 5 - additional land adjacent to current Plot 14+15, admeasuring 15 acres for future expansion Site 4 Expansion commissioning completed, commercial production started in Q4FY25 Site 3++ Expansion with new tie-up with a renowned customer from USA, CEM from Q4FY26Site 2 - back in action post revocation order from GPCB, since January 2025 37 New Customers onboarded across all the business models during FY25Accomplished 38 customer & certification audits, proving operational excellence in FY25 Baker Hughes, added two products added to the agreement under the CEM business model Team Structure being reaffirmed to meet requirements, average age of Aetherians 29 years Highlights
Page 7
Business Models ₹591 ₹232 ₹910 Q4FY23 Q4FY24 Q4FY25 32% 20% 38% 38%Contract | Exclusive Manufacturing ₹216 ₹139 ₹244 Q4FY23 Q4FY24 Q4FY25 12% 12% 10% 10%Contract Research & Manufacturing Services 51%Large Scale Manufacturing ₹1,010 ₹801 ₹1,231 Q4FY23 Q4FY24 Q4FY25 55% 68% 51% * Q4 FY24 - fire accident reduced Revenue, EBITDA, and PAT | (Consolidated Numbers) | All numbers in INR M
Page 8
Aether Today 24.74* 21.69 23.7823.5725.10 29.33 30.38 30.78 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 7.11 11.46 13.04 15.64 18.2519.53 12.94* 18.00 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 0.75% 10.15% 37.87% 51.24%LSM CEM CRAMS Others 44.36% 55.64%Domestic Exports# By Region By Business # includes deemed exports and SEZ Sales Q4 FY25 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1,092 2,033 3,038 4,541 5,970 6,676 6,374* 8,803 Revenue PAT % EBITDA % * FY24 - fire accident reduced Revenue, EBITDA, and PAT | (Consolidated Numbers) | All numbers in INR M
Page 9
Business Segments Revenue By Segment | FY25 By Segment | Q4 FY25 (Consolidated Numbers) | % in brackets refer to comparing periods of FY24, showing increase in the three business segments 6.51% 11.44% 21.17% 45.60%Pharma Agro Material Science (7.91%) Multiple Oil & Gas (1.56%) Coatings High Performance Photography Food Additives Sustainability & Renewables (0%) 5.98% 3.74% 3.33% 1.18% 1.05% 0.96% 20.77% 17.20% 38.33%Pharma Agro Material Science (7.91%) Multiple Oil & Gas (1.56%) Coatings High Performance Photography Food Additives Sustainability & Renewables (0%) 13.74% 2.63% 1.54% 2.07% 2.76%
Page 10
₹681 ₹987 ₹501 ₹393 ₹193 ₹121 ₹53 Foundational differentiator FY19 2.6% FY20 4.0% FY21 4.3% FY22 6.6% FY23 7.5% FY24 15.4% Core R&D-Centric approach demonstrated by ₹ 681.23 M spent towards Research & Development, accounting for 7.74% of the total revenues in FY25 FY25 7.74%* ₹ 681 * FY24 - fire accident reduced Revenues hence % increased | (Consolidated Numbers) | All numbers in INR M
Page 11
Site 2 GPCB revocation in January 2025. Stock Loss claim settled in Q4FY25, claim for FLOP and Restatement of Fixed Assets under process.
Page 12
Site 3++ Expansion is on track, with equipment procurement underway and all approvals secured for a seamless transition. A new client and product under CEM are set to launch, with commissioning targeted in Q4 FY26.
Page 13
Site 4 The site was commissioned in March 2024, with an SSA executed with Baker Hughes. Commercial production began in Q4-FY25 following a commercial order. Two products are now in production, with six additional products planned for a phased launch.
Page 14
Site 5 The EC was approved in December 2023, initiating equipment ordering. Ground digging, wall fencing, and plinth work are complete. Building work for the phase one production block has started, with commissioning expected by the end of FY26.
Page 15
Site 5 Secured an adjacent parcel, expanding Site 5 to 46 acres, with strategic foresight for future business expansions New Land Aquired
Page 16
ASSETS (INR in MM) FY25 Audited FY24 Audited Non-current assets Property, plant and equipment Capital work-in-progress Right-of-Use Assets Intangible Assets Intangibles under development 8,535 3,331 1,343 8 65 6,097 2,143 1,327 6 50 Financial Assets (i) Investments (ii) Other financial assets 1,003 52 3 91 Other non-current assets 195.00 21.00 Total non-current assets 14,531.00 9,736.00 Current assets Inventories 3,865.00 3,412.00 Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than (ii) above (iv) Loans (v) Other financial assets 2,640 174 2,224 362 275 2,299 54 5,503 1,057 352 Other non-current assets 1,542.00 1,144.00 Total current assets 11,081.00 13,821.00 Total assets 25,612.0023,557.00 Standalone Statement of Assets and Liabilities EQUITY AND LIABILITIES FY25 Audited FY24 Audited Equity Equity share capital Other equity 1,326 20,926 1,326 19,364 Total equity 22,252.0020,689.00 Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities Deferred tax liabilities (net) 148 500 119 353 Total non-current liabilities 648.00 472.00 Current liabilities Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables (a) MSME (b) Others (iv) Other financial liabilities 1,197 25 215 927 112 1,292 24 77 862 115 Other current liabilities & provisions 236.00 26.00 Total current liabilities 2,712.00 2,396.00 Total liabilities 3,360.00 2,868.00 Total equity and liabilities 25,612.0023,557.00
Page 17
Q4FY25 Audited Q3FY25 Unaudited Q4FY24 Audited FY25 Audited FY24 Audited Particulars (INR in MM) Revenue from operations 2,147 1,974 1,150 7,885 5,957 Other income 56 140 136 443 443 Total income 2,203 2,114 1,287 8,328 6,399 Cost of material consumed + Changes in inventories 1,102 972 752 4,136 3,193 Employee benefits expense 107 115 116 425 386 Other expenses 264 290 189 1,070 1,063 Exceptional items 28 27 74 119 138 EBITDA 702 711 156 2,578 1,619 Depreciation & amortization expense 116 105 103 428 394 EBIT 586 606 53 2,150 1,225 Finance cost 25 32 36 102 85 Profit before tax 561 574 17 2,049 1,140 Tax expenses (Current + Deferred) 131 165 7 528 259 Profit after tax 430 409 10 1,521 881 Standalone Financial Results
Page 18
Standalone Statement of Cash Flows FY25 Audited FY24 Audited Particulars (INR in MM) Cash generated from operations 1,557 153 Net cash from operating activities 1,177 -20 Net cash (used in) investing activities -4,148 -3,989 Net cash used in financing activities -187 8,542 Net increase / (decrease) in cash and cash equivalents -3,159 4,534 Cash and cash equivalents at the beginning of the period 5,556 1,022 Cash and cash equivalents at the end of the period 2,398 5,556
Page 19
ASSETS (INR in MM) FY25 Audited FY24 Audited Non-current assets Property, plant and equipment Capital work-in-progress Right-of-Use Assets Intangible Assets Intangibles under development 9,439 3,554 1,726 8 80 6,933 2,261 1,596 6 61 Financial Assets (i) Investments (ii) Other financial assets 2 58 2 93 Other non-current assets 195.00 28.00 Total non-current assets 15,060.0010,981.00 Current assets Inventories 3,969.00 3,435.00 Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than (ii) above (iv) Loans (v) Other financial assets 2,886 174 2,224 17 275 2,329 54 5,503 11 352 Other non-current assets 1,838.00 1,343.00 Total current assets 11,382.0013,027.00 Total assets 26,442.0024,007.00 Consolidated Statement of Assets and Liabilities EQUITY AND LIABILITIES FY25 Audited FY24 Audited Equity Equity share capital Other equity 1,326 20,933 1,326 19,308 Total equity 22,259.0020,633.00 Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities Deferred tax liabilities (net) 148 528 119 364 Total non-current liabilities 676.00 483.00 Current liabilities Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables (a) MSME (b) Others (iv) Other financial liabilities 1,825 25 221 1,055 114 1,686 24 86 949 116 Other current liabilities & provisions 267.20 29.00 Total current liabilities 3,507.00 2,891.00 Total liabilities 4,183.003,374.00 Total equity and liabilities 26,442.0024,007.00
Page 20
Consolidated Financial Results Q4FY25 Audited Q3FY25 Unaudited Q4FY24 Audited FY25 Audited FY24 Audited Particulars (INR in MM) Revenue from operations 2,402 2,197 1,175 8,387 5,982 Other income 51 136 116 416 392 Total income 2,453 2,333 1,291 8,803 6,374 Cost of material consumed + Changes in inventories 1,232 1,144 768 4,466 3,209 Employee benefits expense 107 116 116 428 386 Other expenses 267 290 190 1,081 1,064 Exceptional items 28 27 74 119 138 EBITDA 819 757 143 2,709 1,577 Depreciation & amortization expense 130 111 104 450 397 EBIT 689 646 39 2,259 1,180 Finance cost 51 32 36 129 85 Profit before tax 638 614 3 2,131 1,095 Tax expenses (Current + Deferred) 134 180 18 546 270 Profit after tax 503 434 -14 1,584 825
Page 21
FY25 Audited FY24 Audited Particulars (INR in MM) Cash generated from operations 1,381 8 Net cash from operating activities 1,001 -165 Net cash (used in) investing activities -4,179 -4,239 Net cash used in financing activities 20 8,938 Net increase / (decrease) in cash and cash equivalents -3,159 4,534 Cash and cash equivalents at the beginning of the period 5,557 1,023 Cash and cash equivalents at the end of the period 2,398 5,557 Consolidated Statement of Cash Flows
Page 22
“ Innovation is our element; Chemistry is our craft.” All rights reserved. Aether and the Aether logo are trademarks of Aether Industries Limited, registered in India Registered Office - 8203, Road No. 08, GIDC Sachin - 394230, Surat, Gujarat, India | Board Line: +91-261-6603000 | Email ID: info@aether.co.in | Website: www.aether.co.in Mr. Chitrarth Parghi - CS and Compliance Officer | Direct No : +91 (261) - 6603360 | Email: chitrarth@aether.co.in