AETHER
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India's Aether Industries falls; brokerage trims estimate on cost pressures
** Shares of India's Aether Industries AETH.NS fall as much as 7.9% to 1,023.70 rupees
** The specialty chemicals maker's fourth-quarter profit up ~7.4% to about 540.1 million rupees ($5.61 million), and revenue from operations up 27%
** Total expenses jumped 38.2% y/y, led by employee and raw material costs
** Ambit Capital raises target price by 90 rupees to 1,200 rupees, but cuts FY27 and FY28 PAT estimates by 4% and 5%, respectively, on higher finance costs
** Brokerage expects 33% PAT CAGR over FY26-FY28
** Trading vols nearly 2x the 30-day average
** YTD, stock up ~27%
($1 = 96.3000 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru)
** Shares of India's Aether Industries AETH.NS fall as much as 7.9% to 1,023.70 rupees
** The specialty chemicals maker's fourth-quarter profit up ~7.4% to about 540.1 million rupees ($5.61 million), and revenue from operations up 27%
** Total expenses jumped 38.2% y/y, led by employee and raw material costs
** Ambit Capital raises target price by 90 rupees to 1,200 rupees, but cuts FY27 and FY28 PAT estimates by 4% and 5%, respectively, on higher finance costs
** Brokerage expects 33% PAT CAGR over FY26-FY28
** Trading vols nearly 2x the 30-day average
** YTD, stock up ~27%
($1 = 96.3000 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru)
Aether Industries Ltd March-Quarter Consol Net Profit 540.1 Million Rupees
May 15 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD MARCH-QUARTER CONSOL NET PROFIT 540.1 MILLION RUPEES
AETHER INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.05 BILLION RUPEES
Source text: ID:nBSE7cV7S8
Further company coverage: AETH.NS
May 15 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD MARCH-QUARTER CONSOL NET PROFIT 540.1 MILLION RUPEES
AETHER INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.05 BILLION RUPEES
Source text: ID:nBSE7cV7S8
Further company coverage: AETH.NS
Aether Industries Ltd Receives Tax Demand And Show Cause Notice Worth 42.6 Million Rupees
April 24 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - RECEIVES TAX DEMAND AND SHOW CAUSE NOTICE WORTH 42.6 MILLION RUPEES
Source text: ID:nBSE4Q3ztZ
Further company coverage: AETH.NS
April 24 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - RECEIVES TAX DEMAND AND SHOW CAUSE NOTICE WORTH 42.6 MILLION RUPEES
Source text: ID:nBSE4Q3ztZ
Further company coverage: AETH.NS
Aether Industries Says Fire Reported At External Warehouse Of Co In Sachin, Surat
March 11 (Reuters) - Aether Industries Ltd AETH.NS:
FIRE REPORTED AT EXTERNAL WAREHOUSE OF AETHER INDUSTRIES IN SACHIN, SURAT
ZERO INJURIES OR CASUALTIES REPORTED
ALL COMPANY FACILITIES OBSERVING NORMAL OPERATIONS WITHOUT DISRUPTION
Source text: ID:nBSE5fVbh2
Further company coverage: AETH.NS
March 11 (Reuters) - Aether Industries Ltd AETH.NS:
FIRE REPORTED AT EXTERNAL WAREHOUSE OF AETHER INDUSTRIES IN SACHIN, SURAT
ZERO INJURIES OR CASUALTIES REPORTED
ALL COMPANY FACILITIES OBSERVING NORMAL OPERATIONS WITHOUT DISRUPTION
Source text: ID:nBSE5fVbh2
Further company coverage: AETH.NS
Aether Industries Says Commercial Operation At The Manufacturing Site 3++ Commenced
Feb 23 (Reuters) - Aether Industries Ltd AETH.NS:
COMMERCIAL OPERATION AT THE MANUFACTURING SITE 3++ COMMENCED
Source text: ID:nBSE37s8Rp
Further company coverage: AETH.NS
Feb 23 (Reuters) - Aether Industries Ltd AETH.NS:
COMMERCIAL OPERATION AT THE MANUFACTURING SITE 3++ COMMENCED
Source text: ID:nBSE37s8Rp
Further company coverage: AETH.NS
Aether Industries Dec-Quarter Consol Net Profit 644.8 Million Rupees
Feb 3 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 644.8 MILLION RUPEES
AETHER INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.17 BILLION RUPEES
Source text: ID:nBSE4NzPDY
Further company coverage: AETH.NS
Feb 3 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 644.8 MILLION RUPEES
AETHER INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.17 BILLION RUPEES
Source text: ID:nBSE4NzPDY
Further company coverage: AETH.NS
India's Aether Industries climbs after quarterly profit jump
** Shares of Aether Industries AETH.NS rise 2% to 826 rupees
** Specialty chemicals maker's Q1 consol net profit jumps ~57% y/y, revenue up ~42% y/y
** Stock set to gain for a second straight session
** However, stock is down ~8.9% YTD
(Reporting by Yagnoseni Das in Bengaluru)
** Shares of Aether Industries AETH.NS rise 2% to 826 rupees
** Specialty chemicals maker's Q1 consol net profit jumps ~57% y/y, revenue up ~42% y/y
** Stock set to gain for a second straight session
** However, stock is down ~8.9% YTD
(Reporting by Yagnoseni Das in Bengaluru)
Aether Industries Executes Contract Manufacturing Agreement With Milliken Chemical
June 17 (Reuters) - Aether Industries Ltd AETH.NS:
EXECUTES CONTRACT MANUFACTURING AGREEMENT WITH MILLIKEN CHEMICAL
AGREEMENT DURATION IS 10 YEARS
Source text: ID:nBSEbJFrw1
Further company coverage: AETH.NS
June 17 (Reuters) - Aether Industries Ltd AETH.NS:
EXECUTES CONTRACT MANUFACTURING AGREEMENT WITH MILLIKEN CHEMICAL
AGREEMENT DURATION IS 10 YEARS
Source text: ID:nBSEbJFrw1
Further company coverage: AETH.NS
Aether Industries Says Surat CE & GST Conducts Routine Search At Aether Industries
May 2 (Reuters) - Aether Industries Ltd AETH.NS:
SURAT CE & GST CONDUCTS ROUTINE SEARCH AT AETHER INDUSTRIES
SETTLES TAX LIABILITY OF 1.4 MILLION RUPEES PLUS 15% PENALTY
SEARCH PROCESS COMPLETED SMOOTHLY WITH NO IMPACT ON OPERATIONS
Source text: ID:nBSE36y3tp
Further company coverage: AETH.NS
May 2 (Reuters) - Aether Industries Ltd AETH.NS:
SURAT CE & GST CONDUCTS ROUTINE SEARCH AT AETHER INDUSTRIES
SETTLES TAX LIABILITY OF 1.4 MILLION RUPEES PLUS 15% PENALTY
SEARCH PROCESS COMPLETED SMOOTHLY WITH NO IMPACT ON OPERATIONS
Source text: ID:nBSE36y3tp
Further company coverage: AETH.NS
Aether Industries Procures Industrial Premises
Jan 24 (Reuters) - Aether Industries Ltd AETH.NS:
PROCUREMENT OF INDUSTRIAL PREMISES
Source text: ID:nBSE7kDk6W
Further company coverage: AETH.NS
Jan 24 (Reuters) - Aether Industries Ltd AETH.NS:
PROCUREMENT OF INDUSTRIAL PREMISES
Source text: ID:nBSE7kDk6W
Further company coverage: AETH.NS
India's Aether Industries gains after Q3 profit jump
** Shares of Aether Industries AETH.NS rise 4.8% to 895 rupees
** Specialty chemicals maker's Q3 consol net profit rose more than two-fold y/y, revenue jumped 41.4% y/y
** Trading vols at 320,176, over 7x the 30-day average
** Stock set to gain for fourth straight session
(Reporting by Vijay Malkar)
** Shares of Aether Industries AETH.NS rise 4.8% to 895 rupees
** Specialty chemicals maker's Q3 consol net profit rose more than two-fold y/y, revenue jumped 41.4% y/y
** Trading vols at 320,176, over 7x the 30-day average
** Stock set to gain for fourth straight session
(Reporting by Vijay Malkar)
Aether Industries Executes Amendment To Supply Agreement With Baker Hughes
Jan 15 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - EXECUTES AMENDMENT TO SUPPLY AGREEMENT WITH BAKER HUGHES
AETHER INDUSTRIES-AMENDMENT FINALIZES VOLUME,PRICING DETAILS FOR 2 PRODUCTS TO BE SUPPLIED TO BAKER
AETHER INDUSTRIES LTD - AMENDMENT INITIATES COMMERCIALIZATION OF AETHER'S SITE 4
Source text: ID:nBSE6j5GPX
Further company coverage: AETH.NS
Jan 15 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - EXECUTES AMENDMENT TO SUPPLY AGREEMENT WITH BAKER HUGHES
AETHER INDUSTRIES-AMENDMENT FINALIZES VOLUME,PRICING DETAILS FOR 2 PRODUCTS TO BE SUPPLIED TO BAKER
AETHER INDUSTRIES LTD - AMENDMENT INITIATES COMMERCIALIZATION OF AETHER'S SITE 4
Source text: ID:nBSE6j5GPX
Further company coverage: AETH.NS
Aether Industries Says GPCB Revoked Closure Order Issued For Manufacturing Facility II
Jan 9 (Reuters) - Aether Industries Ltd AETH.NS:
GPCB REVOKED CLOSURE ORDER ISSUED FOR MANUFACTURING FACILITY II
TO COMMENCE FULL-CAPACITY OPERATIONS AT FACILITY II
FACILITY APPROVED FOR 100% RESUMPTION OF OPERATIONS
Source text: ID:nBSE4JWRsj
Further company coverage: AETH.NS
Jan 9 (Reuters) - Aether Industries Ltd AETH.NS:
GPCB REVOKED CLOSURE ORDER ISSUED FOR MANUFACTURING FACILITY II
TO COMMENCE FULL-CAPACITY OPERATIONS AT FACILITY II
FACILITY APPROVED FOR 100% RESUMPTION OF OPERATIONS
Source text: ID:nBSE4JWRsj
Further company coverage: AETH.NS
India's Aether Industries rises on commissioning solar power project
** Shares of specialty chemicals maker Aether Industries AETH.NS rise as much as 2.9% to 895 rupees
** Co says 15 MW solar project to power its manufacturing facilities is now operational
** Says the project is expected to deliver annual energy cost savings exceeding 150 mln rupees ($1.8 mln)
** Avg rating of five analysts equivalent of "buy", median PT is 1,104 rupees - LSEG data
** Rival SRF SRFL.NS rated "hold" - LSEG
** AETH down 0.2% YTD, SRFL down 9.2%
($1 = 85.4940 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
** Shares of specialty chemicals maker Aether Industries AETH.NS rise as much as 2.9% to 895 rupees
** Co says 15 MW solar project to power its manufacturing facilities is now operational
** Says the project is expected to deliver annual energy cost savings exceeding 150 mln rupees ($1.8 mln)
** Avg rating of five analysts equivalent of "buy", median PT is 1,104 rupees - LSEG data
** Rival SRF SRFL.NS rated "hold" - LSEG
** AETH down 0.2% YTD, SRFL down 9.2%
($1 = 85.4940 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
Aether Industries Sept-Quarter Consol Net Profit 348 Million Rupees
Oct 18 (Reuters) - Aether Industries Ltd AETH.NS:
SEPT-QUARTER CONSOL NET PROFIT 348 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.99 BILLION RUPEES
Further company coverage: AETH.NS
Oct 18 (Reuters) - Aether Industries Ltd AETH.NS:
SEPT-QUARTER CONSOL NET PROFIT 348 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.99 BILLION RUPEES
Further company coverage: AETH.NS
Aether Industries Commissions Further 5 MW Solar Power Project Facility
Oct 17 (Reuters) - Aether Industries Ltd AETH.NS:
COMMISSIONs OF FURTHER 5 MW SOLAR POWER PROJECT FACILITY
Source text for Eikon: ID:nBSE3l3m3N
Further company coverage: AETH.NS
Oct 17 (Reuters) - Aether Industries Ltd AETH.NS:
COMMISSIONs OF FURTHER 5 MW SOLAR POWER PROJECT FACILITY
Source text for Eikon: ID:nBSE3l3m3N
Further company coverage: AETH.NS
Aether Industries To Raise Funds Upto 13 Billion Rupees
July 19 (Reuters) - Aether Industries Ltd AETH.NS:
TO RAISE FUNDS UPTO 13 BILLION RUPEES
JUNE-QUARTER CONSOL NET PROFIT 299.3 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.8 BILLION RUPEES
Source text for Eikon: ID:nBSE60NSPz
Further company coverage: AETH.NS
July 19 (Reuters) - Aether Industries Ltd AETH.NS:
TO RAISE FUNDS UPTO 13 BILLION RUPEES
JUNE-QUARTER CONSOL NET PROFIT 299.3 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.8 BILLION RUPEES
Source text for Eikon: ID:nBSE60NSPz
Further company coverage: AETH.NS
India's Aether Industries hits over 8-mth high on supply deal with Baker Hughes
** Shares of specialty chemicals makers Aether Industries AETH.NS rise as much as 8.8% to 973 rupees, highest level since Oct. 9, 2023
** Shares last up 4.1%
** AETH signed a strategic supply agreement with Baker Hughes BKR.O
** Six products will be made by AETH for first time in India, to be supplied to Baker Hughes' global facilities
** More than 695,000 shares change hands in the busiest trading session since Dec. 19, 2023
** AETH has gained in four of the last five sessions
** Stock up 5% YTD
(Reporting by Anisha Ajith in Bengaluru)
** Shares of specialty chemicals makers Aether Industries AETH.NS rise as much as 8.8% to 973 rupees, highest level since Oct. 9, 2023
** Shares last up 4.1%
** AETH signed a strategic supply agreement with Baker Hughes BKR.O
** Six products will be made by AETH for first time in India, to be supplied to Baker Hughes' global facilities
** More than 695,000 shares change hands in the busiest trading session since Dec. 19, 2023
** AETH has gained in four of the last five sessions
** Stock up 5% YTD
(Reporting by Anisha Ajith in Bengaluru)
India's Aether Industries up after order to close blast-affected site revoked
** Shares of Aether Industries AETH.NS up 2.5% to 833.9 rupees
** Specialty chemicals maker said Gujarat Pollution Control Board has revoked the closure order it issued in November
** AETH hit session's high after news
** Will start operations in manufacturing facility II at 75% capacity, adhering compliances, AETH added
** Closure order had come after a blast in co's Surat facility killed seven people and injured 24 others
** Trading vols 1.2x 30-day avg
** YTD stock has shed 6.5%
(Reporting by Hritam Mukherjee in Bengaluru)
** Shares of Aether Industries AETH.NS up 2.5% to 833.9 rupees
** Specialty chemicals maker said Gujarat Pollution Control Board has revoked the closure order it issued in November
** AETH hit session's high after news
** Will start operations in manufacturing facility II at 75% capacity, adhering compliances, AETH added
** Closure order had come after a blast in co's Surat facility killed seven people and injured 24 others
** Trading vols 1.2x 30-day avg
** YTD stock has shed 6.5%
(Reporting by Hritam Mukherjee in Bengaluru)
Aether Industries March-Quarter Consol Posts Net Loss Versus Profit
May 21 (Reuters) - Aether Industries Ltd AETH.NS:
MARCH-QUARTER CONSOL NET LOSS 14.3 MILLION RUPEES VERSUS PROFIT 375.6 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.18 BILLION RUPEES VERSUS 1.84 BILLION RUPEES
Source text for Eikon: ID:nNSE5b66y5
Further company coverage: AETH.NS
May 21 (Reuters) - Aether Industries Ltd AETH.NS:
MARCH-QUARTER CONSOL NET LOSS 14.3 MILLION RUPEES VERSUS PROFIT 375.6 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.18 BILLION RUPEES VERSUS 1.84 BILLION RUPEES
Source text for Eikon: ID:nNSE5b66y5
Further company coverage: AETH.NS
Aether Industries Says Novoloop And Co Achieve Continuous Ops Of Pilot Plant
April 10 (Reuters) - Aether Industries Ltd AETH.NS:
NOVOLOOP AND AETHER ACHIEVE CONTINUOUS OPERATIONS OF PILOT PLANT
Source text for Eikon: ID:nBSE5bCv9X
Further company coverage: AETH.NS
April 10 (Reuters) - Aether Industries Ltd AETH.NS:
NOVOLOOP AND AETHER ACHIEVE CONTINUOUS OPERATIONS OF PILOT PLANT
Source text for Eikon: ID:nBSE5bCv9X
Further company coverage: AETH.NS
Aether Industries Gets Show-Cause Notice With Financial Implication
April 2 (Reuters) - Aether Industries Ltd AETH.NS:
GETS SHOW-CAUSE NOTICE WITH FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE6W1W3B
Further company coverage: AETH.NS
April 2 (Reuters) - Aether Industries Ltd AETH.NS:
GETS SHOW-CAUSE NOTICE WITH FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE6W1W3B
Further company coverage: AETH.NS
Aether Industries Says Commencement Of Commercial Operation By Unit
March 29 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - COMMENCEMENT OF COMMERCIAL OPERATION BY UNIT
Source text for Eikon: ID:nBSE7z1PGb
Further company coverage: AETH.NS
March 29 (Reuters) - Aether Industries Ltd AETH.NS:
AETHER INDUSTRIES LTD - COMMENCEMENT OF COMMERCIAL OPERATION BY UNIT
Source text for Eikon: ID:nBSE7z1PGb
Further company coverage: AETH.NS
India's Aether Industries falls after Q3 profit drop
** Shares of Aether Industries AETH.NS down 2.6% at 861 rupees, easing from a slide of as much as 7.8%
** Specialty chemicals maker reported 50% drop in Q3 profit, while rev fell 8.2% Y/Y
** Avg rating of five analysts equivalent of "strong buy", median PT is 1,117 rupees - LSEG data
** Stock fell 8.4% in Dec-qtr, its second straight quarterly fall
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
** Shares of Aether Industries AETH.NS down 2.6% at 861 rupees, easing from a slide of as much as 7.8%
** Specialty chemicals maker reported 50% drop in Q3 profit, while rev fell 8.2% Y/Y
** Avg rating of five analysts equivalent of "strong buy", median PT is 1,117 rupees - LSEG data
** Stock fell 8.4% in Dec-qtr, its second straight quarterly fall
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
Aether Industries Gets Partial Revocation of Closure For Manufacturing Facility in Surat
Jan 8 (Reuters) - Aether Industries Ltd AETH.NS:
INTIMATION OF PARTIAL REVOCATION FROM GPCB FOR UNAFFECTED AREAS AT MANUFACTURING FACILITY 2
REMAINING OPERATIONS AT OTHER MANUFACTURING FACILITIES (1 AND 3) ARE NORMAL
CAPEX PROJECTS FOR THREE GREENFIELD MANUFACTURING FACILITIES MOVING AHEAD AS PER PLAN
Source text for Eikon: ID:nBSE8nW1wL
Further company coverage: AETH.NS
Jan 8 (Reuters) - Aether Industries Ltd AETH.NS:
INTIMATION OF PARTIAL REVOCATION FROM GPCB FOR UNAFFECTED AREAS AT MANUFACTURING FACILITY 2
REMAINING OPERATIONS AT OTHER MANUFACTURING FACILITIES (1 AND 3) ARE NORMAL
CAPEX PROJECTS FOR THREE GREENFIELD MANUFACTURING FACILITIES MOVING AHEAD AS PER PLAN
Source text for Eikon: ID:nBSE8nW1wL
Further company coverage: AETH.NS
Aether Industries Got Show-Cause Notice From GST Authority
Dec 28 (Reuters) - Aether Industries Ltd AETH.NS:
CO GOT SHOW-CAUSE NOTICE FROM GST AUTHORITY
SHOW-CAUSE NOTICE FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE44Wjgv
Further company coverage: AETH.NS
Dec 28 (Reuters) - Aether Industries Ltd AETH.NS:
CO GOT SHOW-CAUSE NOTICE FROM GST AUTHORITY
SHOW-CAUSE NOTICE FINANCIAL IMPLICATION OF 9.7 MILLION RUPEES
Source text for Eikon: ID:nBSE44Wjgv
Further company coverage: AETH.NS
India's Aether Industries Enters Into Partnership With Global EV Manufacturer, Tesla - ET Now Citing Sources
Dec 19 (Reuters) -
INDIA'S AETHER INDUSTRIES ENTERS INTO PARTNERSHIP WITH GLOBAL EV MANUFACTURER, TESLA - ET NOW CITING SOURCES
Source text link: https://bit.ly/3tfPe0p
Further company coverage: AETH.NS
Dec 19 (Reuters) -
INDIA'S AETHER INDUSTRIES ENTERS INTO PARTNERSHIP WITH GLOBAL EV MANUFACTURER, TESLA - ET NOW CITING SOURCES
Source text link: https://bit.ly/3tfPe0p
Further company coverage: AETH.NS
Aether Industries Says Only Plant 2 Of Manufacturing Facility 2 Affected In Fire
Dec 4 (Reuters) - Aether Industries Ltd AETH.NS:
UPDATE ON FIRE INCIDENT
AFFECTED PREMISES ARE PLANT 2 OF MANUFACTURING FACILITY 2
MANUFACTURING FACILITY 1 AND MANUFACTURING FACILITY 3 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
RECEIVING ORDERS AS ROUTINE FROM OUR CUSTOMERS
Source text for Eikon: ID:nBSE5vVyPC
Further company coverage: AETH.NS
Dec 4 (Reuters) - Aether Industries Ltd AETH.NS:
UPDATE ON FIRE INCIDENT
AFFECTED PREMISES ARE PLANT 2 OF MANUFACTURING FACILITY 2
MANUFACTURING FACILITY 1 AND MANUFACTURING FACILITY 3 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
REMAINING PLANTS OF MANUFACTURING FACILITY 2 ARE NOT AFFECTED
RECEIVING ORDERS AS ROUTINE FROM OUR CUSTOMERS
Source text for Eikon: ID:nBSE5vVyPC
Further company coverage: AETH.NS
India's Aether Industries ordered to shut production at blast affected site
BENGALURU, Dec 1 (Reuters) - Indian specialty chemicals maker Aether Industries AETH.NS said on Friday that it was ordered to stop production at its blast affected site in Surat by the state pollution control board of Gujarat until further instructions.
A storage tank blast killed seven people and injured 24 at one of the company's plants in the western port city, Aether Industries confirmed on Thursday.
(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich)
BENGALURU, Dec 1 (Reuters) - Indian specialty chemicals maker Aether Industries AETH.NS said on Friday that it was ordered to stop production at its blast affected site in Surat by the state pollution control board of Gujarat until further instructions.
A storage tank blast killed seven people and injured 24 at one of the company's plants in the western port city, Aether Industries confirmed on Thursday.
(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich)
Blast at Indian chemical plant kills seven, injures 24
Changes sourcing in lead following company's response, share move in paragraph 3, compensation details in paragraphs 4 to 6
By Sumit Khanna and Nishit Navin
AHMEDABAD/BENGALURU, Nov 30 (Reuters) - A storage tank blast killed seven people and injured 24 at a plant of Indian specialty chemicals maker Aether Industries AETH.NS in the western port city of Surat, the company confirmed on Thursday.
The cause of the explosion early on Wednesday has yet to be determined, said city fire official Omprakash Mishra, although a fire it started had been put out. The 24 injured workers were being treated in hospital, he said.
Shares of Aether Industries fell as much as 6.2% on Thursday, after news of the blast drove them down 8.4% the previous day.
"All regulatory and government compensation to the families of all deceased shall be completed expeditiously and fully," Aether Industries said in a statement.
It promised to give additional compensation of five million rupees ($59,984) to the families of the deceased.
The company will also cover the medical expenses of the injured workers and give 2.5 million rupees per person "in case of any permanent disability".
Aether will shut the affected plant in Surat "for a few days to cater to structural audit, forensics (and) survey", a source told Reuters on condition of anonymity.
J R Chaudhari, a police officer based near the site of the blast in Gujarat state, had earlier told Reuters that seven bodies were retrieved from the factory, adding that authorities were now calling off a search for missing workers.
($1 = 83.3560 Indian rupees)
(Reporting by Sumit Khanna in Ahmedabad and Nishit Navin in Bengaluru; writing by Chris Thomas and Kashish Tandon; Editing by Dhanya Skariachan and Emelia Sithole-Matarise)
Changes sourcing in lead following company's response, share move in paragraph 3, compensation details in paragraphs 4 to 6
By Sumit Khanna and Nishit Navin
AHMEDABAD/BENGALURU, Nov 30 (Reuters) - A storage tank blast killed seven people and injured 24 at a plant of Indian specialty chemicals maker Aether Industries AETH.NS in the western port city of Surat, the company confirmed on Thursday.
The cause of the explosion early on Wednesday has yet to be determined, said city fire official Omprakash Mishra, although a fire it started had been put out. The 24 injured workers were being treated in hospital, he said.
Shares of Aether Industries fell as much as 6.2% on Thursday, after news of the blast drove them down 8.4% the previous day.
"All regulatory and government compensation to the families of all deceased shall be completed expeditiously and fully," Aether Industries said in a statement.
It promised to give additional compensation of five million rupees ($59,984) to the families of the deceased.
The company will also cover the medical expenses of the injured workers and give 2.5 million rupees per person "in case of any permanent disability".
Aether will shut the affected plant in Surat "for a few days to cater to structural audit, forensics (and) survey", a source told Reuters on condition of anonymity.
J R Chaudhari, a police officer based near the site of the blast in Gujarat state, had earlier told Reuters that seven bodies were retrieved from the factory, adding that authorities were now calling off a search for missing workers.
($1 = 83.3560 Indian rupees)
(Reporting by Sumit Khanna in Ahmedabad and Nishit Navin in Bengaluru; writing by Chris Thomas and Kashish Tandon; Editing by Dhanya Skariachan and Emelia Sithole-Matarise)
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What does Aether Industries do?
Aether Industries Limited, based in Surat, specializes in advanced intermediates and specialty chemicals for pharmaceutical, agrochemical, material science, and oil and gas sectors, offering CRAMS and manufacturing services with advanced technology.
Who are the competitors of Aether Industries?
Aether Industries major competitors are Acutaas Chemicals, Supriya Lifescience, Tata Chemicals, Jubilant Ingrevia, Archean Chem Inds, Deepak Nitrite, India Glycols. Market Cap of Aether Industries is ₹16,106 Crs. While the median market cap of its peers are ₹8,853 Crs.
Is Aether Industries financially stable compared to its competitors?
Aether Industries seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Aether Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Aether Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Aether Industries allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress
How strong is Aether Industries balance sheet?
Balance sheet of Aether Industries is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Aether Industries improving?
Yes, profit is increasing. The profit of Aether Industries is ₹219 Crs for TTM, ₹158 Crs for Mar 2025 and ₹82.49 Crs for Mar 2024.
Is the debt of Aether Industries increasing or decreasing?
Yes, The net debt of Aether Industries is increasing. Latest net debt of Aether Industries is ₹436 Crs as of Mar-26. This is greater than Mar-25 when it was -₹296.92 Crs.
Is Aether Industries stock expensive?
Aether Industries is not expensive. Latest PE of Aether Industries is 74.65, while 3 year average PE is 95.97. Also latest EV/EBITDA of Aether Industries is 45.7 while 3yr average is 61.27.
Has the share price of Aether Industries grown faster than its competition?
Aether Industries has given lower returns compared to its competitors. Aether Industries has grown at ~6.24% over the last 3yrs while peers have grown at a median rate of 19.85%
Is the promoter bullish about Aether Industries?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Aether Industries is 74.95% and last quarter promoter holding is 74.98%
Are mutual funds buying/selling Aether Industries?
The mutual fund holding of Aether Industries is increasing. The current mutual fund holding in Aether Industries is 11.58% while previous quarter holding is 11.07%.