Aether Industries

** Aether Industries' AETH.NS shares fall as much as 4%, last down about 2% at 1,335.20 rupees

** Kotak Institutional Equities downgrades specialty chemicals firm to "sell" from "reduce", saying recent rally made valuations expensive despite bullish growth outlook

** Brokerage says new projects and capacity additions provide good long-term growth visibility, but meaningful earnings contribution likely only from FY2029

** Says stock trading at elevated valuation multiples despite only modest changes to earnings estimates

** AETH rated "hold" on average by five analysts, median PT at 1,250 rupees- LSEG-compiled data

** YTD, stock up about 55%

(Reporting by Surbhi Misra in Bengaluru)

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** 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)

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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

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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

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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

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Feb 23 (Reuters) - Aether Industries Ltd AETH.NS:

• COMMERCIAL OPERATION AT THE MANUFACTURING SITE 3++ COMMENCED

Source text: ID:nBSE37s8Rp

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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

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** 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)

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June 17 (Reuters) - Aether Industries Ltd AETH.NS:

• AETHER INDUSTRIES - EXECUTED CONTRACT MANUFACTURING AGREEMENT WITH MILLIKEN CHEMICAL AND TEXTILE

Source text: ID:nnAZN3ZPBIZ

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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

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Jan 24 (Reuters) - Aether Industries Ltd AETH.NS:

• PROCUREMENT OF INDUSTRIAL PREMISES

Source text: ID:nBSE7kDk6W

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** 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)

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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

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** Aether Industries AETH.NS rises as much as 2.2% to 915 rupees

** Specialty chemicals maker's manufacturing facility II gets Gujarat Pollution Control Board's approval to resume ops after it was shut down in November 2023 following a fire

** More than 66,000 shares traded vs 30-day avg of 39,725

** Stock rated "buy" on avg; median PT is 1,104 rupees - LSEG

** AETH fell 0.04% in 2024

(Reporting by Meenakshi Maidas in Bengaluru)

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** 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)

(([email protected] (+91 7982114624))

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

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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

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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

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** 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)

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** 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)

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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

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April 10 (Reuters) - Aether Industries Ltd AETH.NS:

• NOVOLOOP AND AETHER ACHIEVE CONTINUOUS OPERATIONS OF PILOT PLANT

Source text for Eikon: ID:nBSE5bCv9X

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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

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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

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** 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)

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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

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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

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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

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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

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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)

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