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Aether Industries : Q1 2024 Financial Quarterly Report : YoY Sales Up 11.74 %, QoQ Up 56.5 %

July 19, 2024July 19, 2024| adminadmin| 0 Comments| 2:20 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 11.74 % in the past year, substantial increase in net sales/revenue by 56.5 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 353.03 %. Marginal decrease of -12.38% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Aether Industries Limited. Notable increase of 0.15 % in net profit Year to Year, Aether Industries Limited’s profitability increased by 2819.5 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS increased by 2750 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Aether Industries Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 161.107 Cr Rs. 115.029 Cr Rs. 180.015 Cr + 56.5 % + 11.74 %
Expenses Rs. 116.38 Cr Rs. 105.62 Cr Rs. 136.54 Cr + 29.27 % + 17.32 %
Operating Profit Rs. 44.73 Cr Rs. 9.41 Cr Rs. 43.48 Cr + 362.06 % -2.79 %
OPM % 27.76 % 8.18 % 24.15 % + 15.97 % -3.61 %
Other Income Rs. 2.64 Cr Rs. 13.65 Cr Rs. 11.96 Cr -12.38 % + 353.03 %
Interest Rs. 1.17 Cr Rs. 3.65 Cr Rs. 2.63 Cr -27.95 % + 124.79 %
Depreciation Rs. 9.23 Cr Rs. 10.27 Cr Rs. 10.15 Cr -1.17 % + 9.97 %
Profit before tax Rs. 36.97 Cr Rs. 9.14 Cr Rs. 42.66 Cr + 366.74 % + 15.39 %
Tax % 18.31 % 40.46 % 23.72 % -16.74 % + 5.41 %
Net Profit Rs. 30.2 Cr Rs. 1.04 Cr Rs. 30.25 Cr + 2808.65 % + 0.17 %
EPS in Rs Rs. 2.28 Rs. 0.08 Rs. 2.28 + 2750 % + 0 %


Today, we’re looking at Aether Industries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.74 %. However, it did see a marginal increase of 56.5 % from the previous quarter. Expenses ticked up slightly by 29.27 % quarter-on-quarter, aligning with the annual rise of 17.32 %. Operating profit, while down -2.79 % compared to last year, faced a quarter-on-quarter increase of 362.06 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.61 %, but an expansion of 15.97 % sequentially. Other income fell by -12.38 % compared to the last quarter, despite an annual growth of 353.03 %. Interest expenses dropped significantly by -27.95 % from the previous quarter, yet the year-over-year increase remains at a moderate 124.79 %. Depreciation costs fell by -1.17 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.97 %. Profit before tax grew annually by 15.39 % but saw an increase from the preceding quarter by 366.74 %.
Tax expenses as a percentage of profits increased slightly by 5.41 % compared to last year, with a more notable quarter-on-quarter decrease of -16.74 %. Net profit rose by 0.17 % year-on-year but experienced a 2808.65 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly rise of 2750 %. In summary, Aether Industries Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 161.107 Cr Rs. 115.029 Cr Rs. 180.015 Cr + 56.5 % + 11.74 %
Expenses Rs. 116.38 Cr Rs. 105.62 Cr Rs. 136.54 Cr + 29.27 % + 17.32 %
Operating Profit Rs. 44.73 Cr Rs. 9.41 Cr Rs. 43.48 Cr + 362.06 % -2.79 %
Net Profit Rs. 30.2 Cr Rs. 1.04 Cr Rs. 30.25 Cr + 2808.65 % + 0.17 %
EPS in Rs Rs. 2.28 Rs. 0.08 Rs. 2.28 + 2750 % + 0 %


In reviewing Aether Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.74 % year-on-year growth, however, there was a minor increase of 56.5 % from the previous quarter. Expenses rose by 17.32 % compared to the previous year, with a 29.27 % increase quarter-on-quarter. Operating Profit dropped by -2.79 % annually, and saw a 362.06 % increase from the last quarter.
Net Profit showed yearly increase of 0.17 %, and experienced a 2808.65 % increase from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however rose by 2750 % compared to the last quarter. In essence, while Aether Industries Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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