Aether Industries Limited — Q2FY27 earnings call summary

Filed 04 November 2026 · Official transcript

Capex for FY27 expected around INR350-370 Cr, aligned with civil work and equipment schedule
EBITDA margin guidance conservative at ~30%, expected to improve with higher complexity and operating leverage
Inventory days increased due to new site ramp-up; price pass-through in contracts mitigates risk
Q2 FY27 showed solid execution with CRAMS and CEM contributing over 65% of sales
Baker Hughes partnership expanded with new oilfield chemicals shipped in Q2; target >USD100mn revenue
Semiconductor commercial shipments started; new Magnum site block on track for Q4 FY27 with INR300-400 Cr revenue by FY29
New CEM contract with global agrochemical innovator to start Q4 FY27 at 200-250 tons/year, scaling to 600 tons
Magnum site progressing fast with 14 of 16 production blocks lined up for customers