Aether Industries Q2FY27 Revenue up 24% YoY to ₹3,472 M; PAT grows 26%
Aether Industries reported Q2 FY27 revenue of ₹3,472 million, up 24% YoY. PAT increased 26% YoY to ₹680 million. EBITDA grew 29% YoY to ₹1,104 million. CEM and CRAMS contribute 66% of revenue, targeting 70% in two years. R&D expenditure was ₹406.01 million in H1 FY27.
The significant year-on-year growth in key financial metrics (revenue, EBITDA, PAT) and improved margins, coupled with strategic business model shifts and operational expansions, are likely to have a material positive impact on investor sentiment and the company's valuation.
The company reported strong year-on-year growth in revenue, EBITDA, and Profit After Tax, along with improved margins. New site commencements and customer acquisitions also indicate positive business momentum.
Aether Industries Limited has announced its financial results for the Second Quarter and Half Year ended September 30, 2026. The company reported a consolidated operating revenue of ₹3,472 million for Q2 FY27, marking a significant 24% year-on-year increase from ₹2,801 million in Q2 FY26. This growth was primarily driven by the scale-up of Contract Manufacturing (CEM) contracts.
The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw a substantial rise of 29% year-on-year, reaching ₹1,104 million in Q2 FY27, compared to ₹853 million in the same period last year. The EBITDA margin improved to 31.8% from 30.5% in Q2 FY26, reflecting strong operating income growth, partly attributed to pricing in the Large Scale Manufacturing (LSM) business model.
Profit After Tax (PAT) for the quarter grew by 26% year-on-year to ₹680 million, up from ₹540 million in Q2 FY26. The PAT margin also improved to 19.3% from 18.7% in the prior year's quarter, indicating enhanced profitability due to a favorable shift in the segment mix. For the Half Year ended September 30, 2027 (H1 FY27), consolidated operating revenue increased by 19.0% to ₹6,738 million, EBITDA grew by 27% to ₹2,132 million, and PAT saw a 30% jump to ₹1,307 million.
The company highlighted that Contract Research and Manufacturing Services (CRAMS) and CEM segments contributed 66% of the revenue in Q2 FY27, with a target to achieve 70% in the next two years. Site 3++ commenced commercial production, and Phase One of Site 5 began operations in Q1 FY27. The company also onboarded 6 new customers across its business models and successfully completed 11 customer and certification audits in Q2 FY27. R&D expenditure stood at ₹406.01 million in H1 FY27, representing 6.03% of revenue from operations. The company is also expanding its R&D facilities with 18 fume hoods installed and a new R&D center under construction.
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