Aether Industries Q4FY22 and Year Ended results : export revenue up 52%, PAT grew 13.8% to ₹26 Cr

1. Revenues from operations for the full year ended March 31, 2022 stood at ₹590.05 crore as compared to ₹449.82 crore in FY21. CAGR at 52.9%. 2. The Company’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stood at ₹175.08 crore in FY22, as against ₹116.13 crore in FY21. The Company’s EBITDA margin was 29.33% in FY22 vs 25.59% in FY21. 3. Profit Before Tax (PBT) stood at ₹146.47 crore for FY22 as compared to ₹93.81 crore in FY21. The Company’s PBT margin was 24.53% in FY22 as against 20.67% in FY21.

logo credit - aether.co.in
article continues after this advertisement

The business model of the India based Aether Industries Limited is to be a leading global manufacturer of fine and specialty chemicals and active ingredients, as well as a preferred provider of Contract Research and Manufacturing Services (CRAMS). Aether currently operates a truly one-of-its-kind contract research and contract manufacturing facility in Surat (Gujarat, India).

At present we have the capability to produce 1 kg – 120 MT quantities in our fully operational multi-purpose pilot plant in GMP or non-GMP mode and in batch or continuous process equipment. Production to 1000’s of MT’s is possible in our manufacturing facilities (GMP as well as non-GMP plants). The company has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Standalone Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹147.70 crore in the quarter ended on March 31, 2022 as against ₹116.44 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 26.84%.

The company has posted a consolidated Net Profit of ₹26.02 crore in the quarter ended on March 31, 2022 as against ₹22.86 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 13.81%.

The status of the EPS of the company stood at ₹2.31 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹2.37, down by 2.53%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4FY21)
Total Income147.70153.66116.44
Total Expenses112.54119.8786.09
PBT /(Loss)35.133.730.3
Total Tax /(credit)9.18.37.4
PAT /(Loss) [to the owners]26.0225.4022.86
*figures are in Crores

(II) Audited Standalone Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹597.02 crore in the financial year ended on March 31, 2022 as against ₹453.78 crore for the financial year ended on Mar 31, 2021, increased by 31.56%.

The company has posted a consolidated Net Profit of ₹108.92 crore in the financial year ended on March 31, 2022 as against ₹71.19 crore for the financial year ended on March 31, 2021. The PAT surges up by 53.16%.

The status of the EPS of the company stood at ₹9.69 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹7.36, up by 31.39%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income597.02453.78
Total Expenses450.54359.98
PBT /(Loss)146.493.8
Total Tax /(credit)37.522.6
PAT /(Loss)108.9271.19
*figures are in Crores

(III) Key Highlights about the Performance :

FY22 vs FY21 –

  • Revenues from operations for the full year ended March 31, 2022 stood at ₹590.05 crore as compared to ₹449.82 crore in FY21. CAGR at 52.9%.
  • The Company’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stood at ₹175.08 crore in FY22, as against ₹116.13 crore in FY21. The Company’s EBITDA margin was 29.33% in FY22 vs 25.59% in FY21.
  • Profit Before Tax (PBT) stood at ₹146.47 crore for FY22 as compared to ₹93.81 crore in FY21. The Company’s PBT margin was 24.53% in FY22 as against 20.67% in FY21.
  • Profit After Tax (PAT) stood at ₹108.93 crore for FY22 as against ₹71.12 crore in FY21. PAT margin was 18.25% in FY22 vs 15.67% in FY21.
  • The Company clocked ROCE’s of 23.96% and ROE’s of 28.16% in FY22.
aether industries q4fy22 results- market times / Figures are in INR million

Operational Highlights

  • Revenue from Exports (including deemed exports and SEZ sales) increased by 52.71%in Q4FY22 in comparison with Q4 FY21.
  • The order book as of 31 March 2022 is ₹247.05 crores, compared to ₹212.81 crores as of 31 March2021.

Business Segment Highlights Large Scale Manufacturing

  • Installed, commissioned, and launched new production trains in existing manufacturing facility for Trans-4-Aminocyclohexanol (TACH) and 2-Chloro-1,4-Naphthoquinone (CNQ) products.
  • Launched the civil construction of a new green-field manufacturing facility, slated for commissioning by EOY 2022.
  • Launched several new efficiency and energy conservation programs, including a modern aqueous waste treatment plant.
aether industries q4fy22 results / cash flow statement highlights- market times / Figures are in INR million
aether industries q4fy22 results- market times / Debt serving graph

Market Times

Contract Research and Manufacturing Services

  • Continued to expand existing customer base and built new research and manufacturing partnerships with new leading innovator multi-national companies globally across the industry spectrum.
  • Launched an almost double times expanded R&D facilities and a new world-class R&D centre. More than 55 Fume Hoods installed and the R&D facility has 164 plus highly experienced people, including 92 PhDs / Scientists and 72 Engineers.
  • Continued the triple expansion of the pilot plant facility, culminating into one of the largest pilot plants in the world. More than 100 Reactors being installed. Batch and continuous reaction technologies to be used at this Skid based pilot plant.

Shares of Aether Industries Ltd was last traded in BSE at ₹795.65 as compared to the previous close of ₹783.40. The total number of shares traded during the day was 27080 in over 2211 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 789.00
  • Intraday low of ₹ 769.95