Aether Industries Ltd
Aether Industries Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Baker Hughes business is trending upwards with 20% quarter-on-quarter growth in Q3 FY26, expected to continue increasing as more sites and products are added. Revenue from Baker Hughes is trending upwards with 20% quarter-on-quarter growth in Q3 FY26, expected to continue growing through FY27 as product offerings and site coverage expand.
From Aether Industries Ltd's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Baker Hughes business is trending upwards with 20% quarter-on-quarter growth in Q3 FY26, expected to continue increasing as more sites and products are added.
- Large scale manufacturing (LSM) volume growth is over 10% quarter-on-quarter and 25% year-on-year; additional new products added in Site 5 targeted at pharma and agro sectors.
- Converge polyol sales continue to increase, with good demand expected for FY26 and FY27; target to expand capacity to 2 KTA (~2,000 tonnes) in coming years.
- New marquee clients added in LSM segment, with commercial production soon from Site 5 products.
- Otsuka Chemical contract expected to deliver INR 35-40 crores sales in FY26.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Aether Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex done so far in 9 months: Approximately INR 500 crores for Site 3++ and Site 5 (Panoli).
- Full year capex expected: Approximately INR 450-500 crores.
- Site 3++ capex: Approximately INR 260 crores.
- Phase 1 (2 blocks) of Site 5 expected to be ready and capitalized within the year.
- Future capacity additions: Plan to expand Converge polyol capacity to 2 KTA (2,000 tonnes per annum).
2 more points management made on capital expenditure plans
Top-ranked in Chemicals & Petrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Aether Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company currently services Baker Hughes with 8 products in commercial production (Site 4) generating a run rate of INR 60 crores this quarter.
- There are an additional 7 to 8 products in the pipeline under research and scale-up stages.
- Management refrains from commenting on the potential market size or forward-looking orderbook details.
- Contract manufacturing (CRAMS) clients may pay advances or require Aether to invest upfront on strategic long-term projects.
- Contracts generally span 5 to 10 years and auto-renew, with pricing negotiated annually.
2 more points management made on order book & pipeline
Aether Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹305 Cr, net profit ₹54 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Aether Industri.'s management said in earlier quarters
Frequently Asked Questions
What were Aether Industries Ltd Q3 FY26 results?
Baker Hughes business is trending upwards with 20% quarter-on-quarter growth in Q3 FY26, expected to continue increasing as more sites and products are added. Revenue from Baker Hughes is trending upwards with 20% quarter-on-quarter growth in Q3 FY26, expected to continue growing through FY27 as product offerings and site coverage expand.
What is Aether Industries Ltd share price analysis?
Aether Industries Ltd currently shows a neutral. The stock trades at a P/E of 90.0 with a market cap of ₹21,590 Cr. Investors should review the full earnings analysis for detailed insights.
Is Aether Industries Ltd planning capital expenditure?
Capex done so far in 9 months: Approximately INR 500 crores for Site 3++ and Site 5 (Panoli).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.