AETHER

– Research Snapshot

has resumed strong growth after a brief disruption, reporting FY25 revenue of ~₹839 cr and PAT of ~₹158 cr, with Q1 FY26 delivering ₹259 cr revenue and ₹47 cr PAT, confirming recovery momentum. Technicals show volume building and constructive RSI levels, supporting an upside bias. The company is expanding capacity and shifting toward higher-margin CRAMS contracts, which should uplift margins and earnings quality. Government policy tailwinds and demand from advanced materials and specialised intermediates add structural support. Trade Setup: Entry at 860, SL 755, Target 1060 — offering a risk-reward of ~1:1.9. Outlook: With projected revenue growth near 30–40% and PAT growth outpacing revenue at ~50–60% over FY26–27, Aether’s fundamentals and technicals point to continued acceleration in earnings and shareholder value.