20 Jul 2024

Aether Industries Shares Climb Amid Q1 Net Profit Increase

Aether Industries' stock is trading at Rs. 888.00, an increase of 9.10 points or 1.04% from its last closing price of Rs. 878.90 on the BSE.

The stock opened at Rs. 888.10, reaching a high of Rs. 908.95 and a low of Rs. 858.70 during the trading session. A total of 8560 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, recorded a 52-week high of Rs. 1108.95 on August 2, 2023, and a 52-week low of Rs. 775.00 on March 27, 2024.

The stock's high and low for the past week were Rs. 908.95 and Rs. 858.70, respectively. The company's current market capitalization stands at Rs. 11798.30 crore.

Promoters hold 81.79% of the company's shares, while institutions and non-institutions hold 14.46% and 3.75%, respectively.

Aether Industries reported a slight increase of 0.17% in its net profit, amounting to Rs 30.25 crore for Q1FY25, compared to Rs 30.20 crore in the same quarter of the previous year. The company's total income rose by 17.24% to Rs 191.98 crore for Q1FY25, up from Rs 163.75 crore in the corresponding quarter last year.

On a consolidated basis, net profit saw a 0.40% rise to Rs 29.93 crore for Q1FY25, compared to Rs 29.81 crore in the same quarter of the previous year. Total income increased by 17.51% to Rs 191.98 crore for Q1FY25, compared to Rs 163.37 crore in the corresponding quarter of the previous year.