Aether Industries Q2 Results Live : Aether Industries declared their Q2 results on 18 October 2024, revealing a significant increase in topline revenue by 21.09% year-over-year. However, the company faced a profit decline of 5.12% compared to the same period last year.
In comparison to the previous quarter, Aether Industries reported a revenue growth of 10.43% and a notable profit increase of 16.26%. This indicates that while annual profit numbers are down, the company is showing positive momentum on a quarter-to-quarter basis.
The company’s selling, general & administrative expenses saw a decline of 5.65% quarter-over-quarter and a substantial 13.93% year-over-year, which may have contributed to the improved operating income.
Operating income rose by 31.63% from the previous quarter and increased by 9.02% year-over-year, reflecting stronger operational efficiency. The Earnings Per Share (EPS) for Q2 stands at ₹2.81, which is a slight increase of 1.46% year-over-year.
In terms of stock performance, Aether Industries has delivered a -4.3% return in the last week, but has shown a more positive trend with a 9.51% return over the last six months and a 4.2% year-to-date return.
As of now, Aether Industries holds a market capitalization of ₹12,256.27 crore, with a 52-week high of ₹1,071 and a low of ₹761.55.
Looking ahead, out of four analysts covering the company as of 19 October 2024, one has issued a ‘Buy’ rating while three analysts have rated it as ‘Strong Buy’. The consensus recommendation for Aether Industries remains ‘Strong Buy’, reflecting positive sentiment about the company’s future prospects.
Aether Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 198.8 | 180.02 | +10.43% | 164.17 | +21.09% |
| Selling/ General/ Admin Expenses Total | 9.92 | 10.52 | -5.65% | 11.53 | -13.93% |
| Depreciation/ Amortization | 10.8 | 10.15 | +6.38% | 9.74 | +10.86% |
| Total Operating Expense | 159.3 | 150 | +6.19% | 127.93 | +24.51% |
| Operating Income | 39.5 | 30.01 | +31.63% | 36.23 | +9.02% |
| Net Income Before Taxes | 48.52 | 39.34 | +23.34% | 48.73 | -0.42% |
| Net Income | 34.8 | 29.93 | +16.26% | 36.68 | -5.12% |
| Diluted Normalized EPS | 2.81 | 2.43 | +15.54% | 2.77 | +1.46% |
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