AETHER INDUSTRIES LIMITED

Aether Industries Limited reported a strong quarterly performance with a 27% year-on-year sales growth and a 7% quarter-on-quarter increase. Management noted that all three business verticals are performing well, with Contract and Exclusive Manufacturing (CEM) growing approximately 75% year-on-year and Contract Research and Manufacturing Services (CRAMS) growing about 20% year-on-year. CRAMS and CEM now contribute 60% of total revenue, with a goal to reach 70% in the coming years. The company completed the installation of additional equipment at its R&D center and reported stable raw material procurement. Capital expenditure for the quarter was approximately !1,000 million for the new R&D center and !833 million for Site Magnum. EBITDA margin improved to 31.47% from 30.61% year-on-year, reflecting increased contributions from CRAMS and CEM. As of June 30, 2026, total borrowings were !5,215 million.

Management highlighted strong growth and operational performance across business verticals.