Specialty Chemicals

Speciality chemical manufacturer Aether Industries posted a more than two-fold jump in consolidated net profit at Rs 43.3 crore for the third quarter of the 2024-25 fiscal year on strong sales, the company said on Friday. The company reported a consolidated net profit of Rs 17.4 crore in the year-ago period, the company said in a regulatory filing. Total income increased to Rs 233.32 crore during the October-December quarter of the 2024-25 fiscal, from Rs 166 crore in the year-ago period. According to the company, the Gujarat Pollution Control Board has revoked the closure order on January 9 this year, allowing the company to resume full operations at its facility-II in Surat. The closure order was issued following a fire accident on November 29, 2023. It said the claim for stock loss has been submitted to the surveyor in Q3FY'25 and is expected to be settled in Q4FY25. The company is focusing on new business segments 'renewable and sustainability' and 'oil and gas' apart from ..

While margins have dipped from around 22 per cent to 17 per cent during FY2021-24, they are expected to improve from FY26 onwards

The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25

Balaji Amines Q4 results: Ebitda margin expanded to 23.5 per cent from 19.7 per cent Y-o-Y in Q4FY24

Specialty chemical majors, after experiencing a 17% Y-o-Y fall in revenues in the September quarter, are projected to report an 18% decline in the top line for the December quarter

For the September quarter, the sector's operating and net profits dropped 18 per cent and 25 per cent over the year-ago quarter

In exchange filing, NFIL said Mr. Radhesh R. Welling has tendered his resignation as the Managing Director and a Director on the Board of the Company for personal reasons.

Analysts at ICRA said that a significant improvement in HSCL's operating profit in FY23 compared to FY22 and FY21, driven by higher Ebitda/MT will likely sustain going forward

Ebitda margin slipped to 13.7 per cent (down 200bps YoY) on account of higher than expected staff cost and other expenses

The stock rallied 7% to hit a new high of Rs 612.70 in the intra-day trade today

Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days

Shares of Jyoti Resins & Adhesives locked in 5 per cent upper circuit for the fifth straight day as they hit a new high of Rs 1,769.70 on the BSE.

The company is witnessing rise in demand from end-user industries such as food processing, personal care and home care in the specialty chemicals market.

It has also zoomed 70 per cent in the past six months, as compared to 0.12 per cent decline in the benchmark index

In the past one month, the stock of specialty chemicals fell 25 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.

Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player compared to other chemical companies

The management believes that by the end of this year in comparison to the last year, company would be doubling its profitability.

Aether Industries caters to the pharmaceutical, agrochemical, material science, electronic chemical, high performance photography and oil and gas industry segments

Jesons Industries, a manufacturer of speciality coating emulsions, has filed preliminary papers with capital markets regulator Sebi to raise an estimated Rs 800-900 crore through an initial share sale

Post listing, the stock hit a high of Rs 929 and a low of Rs 841 in intra-day trade