Aether Industries Q2 PAT rises 26.62% to ₹67.99 crore
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- ✓Aether Industries reported a 26.62 per cent rise in consolidated net profit to ₹67.99 crore on Friday.
- ✓Its revenue from operations rose 23.95 per cent to ₹347.21 crore compared to ₹280.1 crore a year ago.
- ✓The company said growth was driven by its contract manufacturing business and large-scale manufacturing model.
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- India Economy
Its revenue from operations rose 23.95% during the quarter under review to ₹347.21 crore compared to ₹280.1 crore a year ago
Speciality chemicals manufacturer Aether Industries on Friday reported a 26.62 per cent rise in consolidated net profit to ₹67.99 crore.
The company's PAT was ₹53.95 crore in the corresponding quarter of the preceding year, Aether Industries said in a regulatory filing.
Its revenue from operations rose 23.95 per cent during the quarter under review to ₹347.21 crore compared to ₹280.1 crore a year ago.
The strong second-quarter financial performance was driven by growth across key financial parameters, supported by expansion of its contract manufacturing business, increasing contribution from its LSM (large-scale manufacturing) model, and an improved business mix, the company said.
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