Aether Industries Limited has released the transcript of its Q2 FY27 Earnings Conference Call, held on October 30, 2026. The call detailed the company’s financial performance, business outlook, ongoing expansions, R&D initiatives, and new contracts. Management provided insights into the company’s strategy, including its focus on CRAMS and CEM businesses, partnerships, and expansion at the Magnum site.
Aether Industries Q2 FY27 Earnings Conference Call Transcript Released
Aether Industries Limited has formally submitted the transcript of its Q2 FY27 Earnings Conference Call, which took place on October 30, 2026. This call provided a comprehensive overview of the company’s financial results for the second quarter and half-year ended September 30, 2026.
Key Business Updates and Strategy
During the call, management highlighted the solid performance of the CRAMS and CEM businesses, which now account for over 65% of sales. Developments discussed included an expanded portfolio with Baker Hughes, the commercialization of new oilfield industrial chemicals, and progress in the semiconductor business. The company is on track with the new production block at the Magnum site for commercial production in Q4 FY27.
The transcript also detailed advancements in the multiyear research program with Dow to develop advanced Silicones manufacturing technology in India. Aether is working on complex chemical engineering challenges and aims to design, build, and operate a pilot unit for this technology. The company emphasized its strong pipeline with over 65 CRAMS projects in R&D and pilot plant stages.
New Contracts and Expansion
Aether has signed a new contract exclusive manufacturing contract with a leading global agrochemical innovator, with production slated for Q4 FY27. The company is also expanding its R&D facility and Magnum site. Discussions are underway with several global companies, indicating a strong future pipeline.
Significant progress was noted in expediting civil construction and plant build-ups at the Magnum site. Several plants are in various stages of completion, with multiple plants dedicated to specific sectors like LSM, semiconductors, and agrochemicals. The company also highlighted ongoing collaborations and potential for long-term partnerships, including those with leading European specialty chemical companies.
Financial and Operational Highlights
Discussions covered gross and EBITDA margins, with management expressing confidence in exceeding previous guidance. The company is focused on core competencies and strategic partnerships. Working capital cycles are expected to improve, despite a recent increase due to new site inventories.
In terms of specific segments, the oil and gas sector is expected to attract significant investment, benefiting Aether. The semiconductor business is seeing modest but growing volumes, with commercial production from a new block expected in Q4 FY27. The company anticipates revenues of INR300 crore to INR400 crore from semiconductor products at maturity within 2 to 2.5 years.
The Baker Hughes relationship is expected to grow significantly, with a target of over USD100 million (INR1,000 crore) business in the near future. The total Baker opportunity is estimated at INR750 crore to INR800 crore.
The company also provided updates on its LSM business, with plans to launch new products and a focus on CEM contracts as the primary growth driver. Future outlook for oil, gas, and material science sectors is strong, expected to grow faster than pharma and agro sectors.
Source: BSE
