Aether Industries, Tanla Platforms Q2 Results Review: HDFC Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equites.Aether Industries - Volume-driven growth We maintain our Buy rating on Aether Industries Ltd., with a target price of Rs 1,120, as the company’s revenue growth momentum is poised to accelerate. Aether has commissioned Site 4 to execute its strategic supply agreement with Baker Hughes and has received the revocation of the closure order from the Gujarat Pollution Control Board for Site 2. The expansion projects at Sites 3+ and 3++ are progressing as planned and are expected to be commissioned by the end of FY25. Aether is expanding into the manufacturing of molecules for new-age industries and has signed agreements with a global lithium-ion battery manufacturer and Novoloop. These partnerships are aimed at developing products that support decarbonisation and sustainability goals. These collaborations are key to diversifying Aether’s customer base and sustaining its growth momentum. We expect a revenue CAGR of ~44% and an earnings CAGR of ~58% over FY24-27E. Ebitda and adjusted profit after tax came in 4% and 7% above our estimates, respectively, driven by lower-than-expected raw material costs and higher other income, though this was partially offset by higher-than-expected operating expenses..Click on the attachment to read the full report:.Tech Mahindra, Kotak Mahindra Bank, RBL Bank, IndiaMart, Mastek Q2 Results Review: HDFC Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Aether Industries, Tanla Platforms Q2 Results Review: HDFC Securities

The brokerage maintains its 'Buy' rating on Aether Industries, with a target price of Rs 1,120, as the company’s revenue growth momentum is poised to accelerate.

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Aether Industries, Tanla Platforms Q2 Results Review: HDFC Securities

The brokerage maintains its 'Buy' rating on Aether Industries, with a target price of Rs 1,120, as the company’s revenue growth momentum is poised to accelerate.

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