January 20, 2023

Ref. No.: AIL/SE/95/2022-23

To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort, Bandra Kurla Complex, Bandra (E),
Mumbai-400001, MH. Mumbai-400051, MH.

Scrip Code: 543534 Symbol: AETHER

Dear Madam / Sir,

Subject: Outcome of the Board Meeting held on January 20, 2023

In accordance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors
of the Company at their meeting held today i.e. Friday, January 20, 2023, inter-alia, approved
the unaudited standalone and consolidated financial results for the third quarter ended on
December 31, 2022. The Board meeting commenced at 11:30 Hrs. and concluded at 12:21
Hrs.

The unaudited standalone and consolidated financial results for the Third Quarter ended on
December 31, 2022 and the Limited Review Report of the Statutory Auditors thereon, are
enclosed herewith.

We request you to kindly take above information on your records.

Thanking you.

For Aether Industries Limited

Chitrarth Rajan Parghi

Company Secretary & Compliance Officer
Encl.: As attached

Page 1 of 1
Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India.
Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434
Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.
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Llmited revlew report on unaudlted quarterty standalone financial results for the quarter
ended December 71, 2022. and nine months ended on December 31, 2022 of Aether
lndustries Limlted under regulatlon 33 of the SEBI (tisting Obllgatlons and Disclosure
Requlrements) Regulations 2015, as amended

To,
The Board of Directors of Aether lndustrles Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial

results of Aether lndustries Limited {the Company'') forthe quarter ended December
31, 2022 and nlne months ended December 31, 2022 ('the Statement") belng
submitted pursuant to the requlrements of Regulation 33 of the SEBI (Listing
Obligations and Discloser Requirements) Regulation 2015, as amended ("Ustlng
Regulations").

2. This Statement, which ls the responsibility of the Company's management and

approved by the Board of Directors, has been prepared in accordance with the
recognition and measurement principles laid down in lndlan Accounting Standard 34
"lnterim Financial Reportlng" ("lnd AS 34"), prescribed under section 133 of the
Companies Act, 2013 and other accounting prlnclples generally accepted ln lndia and
in comptiance with Regulation 33 of the Listlng Regulatlons. Our responsibility is to
issue report on the Statement based on the revlew.

3. We conducted our revlew of the Statement in accordance with the Standard on

Review Engagements (SRE)2410 "Review of lnterim Financial lnformation Performed
by lndependent Auditor of the Entity'' issued by the lnstitute of Chartered Accountants
of lndia. A review ofinterim financial information consists of making inquiries,
primarily of persons responsible for financial and accounting matters, and applying
analygcal and other review procedures. A review is substantially less ln scope than an
audit conducted in accordance with the Standards of Auditing and consequently does
not enable us to obtain assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly, we do not express an audit
opinion.

We also performed procedures ln accordance with the circular issued by SEBI Under
Regulation 33(8) of the Llsting Regulations, to the extent applicable'

4, Based on our review conducted and procedures performed as stated in paragraph 3

above, nothing has come attention that causes us to believe that the
to our
accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in the aforesaid lndian Accounting Standard and
other accounting principles generally accepted ln lndia, has not disclosed the
information required to be disclosed in terms of Regulation 33 of the Listing
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Regutations, including the manner in which it is to be disclosed, or that it contains any

material misstaternent.

For, Blriu S, Shah & Assoclates

Chartered Accountants
Number: 131554W
'a.
.6
c!
.1.
Place: SURAT
Date:20.01.2023
UDIN MembershlP No.107085

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Umlted review report on unaudited quarterly coniolidated flnanclal results for the quarter
ended December 31, 2022 and nine months ended on December 31,2022 of Aether
lndustries tlmlted under regulation 33 of the SEBI (tisting obligafions and Disclosure
Requirements) Regulations 2015, as amended

To,
The Board of Directors of Aether tndustries Limlted

1. We have reviewed the accompanying Statement of unauditad consolidated flnancial

results of Aether lndustries Llmited ("the Parent") and its subsidiary Aether Speciality
Chemicals Limited ('the Subsidiary"), {the Parent and its subsidiary together referred
to as "the Group") for the quarter ended December 31, zoz2 and nine months ended
December 31,20?,2 ("the statement") belng submitted pursuant to the requirements
of Regulation 33 of the SIBI (tisting Obligations and Discloser Requlrements)
Regulation 2015, as amended ("Listing Regulations,,).

2. This Statement, which isthe responsibillty of the Parent's management and approved
by the Board of Directors of the Parent, has been prepared in accordance w1h the
recognition and measurement principles laid down in lndian Accounting Standard 34
"lnterim Financial Reportlngi' ("lnd AS 34"), prescribed under section 133 of the
Companies Act, 2013 and other accounting principlc generally accepted in lndia and
in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to
issue report on the Statement based on the review.

3. We conducted our review of the Statement in accordance with the Standard on

Review Engagements (SRE) 2410 "Review of lnterim Flnancial lnforrnation performed
by lndependent Auditor of the Entit)/' issued by the lnstitute of Chartered Accountants
of lndia. A review of interim financial information consists of maklng inquiries,
primarily of persons responsible for financial and accounting matters, and apptying
analytlcal and other review procedures. A review is substantially less in scope than an
audit conducted in accordance with the Standards of Auditing and consequ€ntly does
not enable us to obtain assurance that we would become aware of atl significant
matters that might be identified in an audit. Accordingly, we do not express an audit
opinion.
l
I

1 We also performed procedures in accordance with the circular lssued by SlBl under
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flegulation 33(8) of the Listing Regulations, to the e*ent applicable.

4. The Statement includes the results of the following entities:

a. Aether lndustries Limited (Parent)
b, Aether Speciality Chemicals Limited {Subsidiary}, lncorporated on September 2,
2022

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5. Sased on our review conducted and procedures performed as stated in paragraph 3

above, nothing has come to our attention that causes us to bclieve that the
:
:

accompanying Statement, prepared in accordance with the recognition and

measurement principles laid down in the aforesaid lndian Accounting Standard and
other accounting principtes generally accepted in lndia, has not disclosed the
informalion required to be disclosed in terrns of Regulation 33 of the Listing :

Regulations, including the manner in whlch it is to be disclosed, or that it contains any

material misstatement.

6. We have reviewed the interim financial resutts of the Subsidiary, inctuded in the
Statemeat, whose interim flnancial results before consolidation adiustments, no
revenues a*d expenditure of Rs, 5,000 for the quarter and nine months ended on
December JL, 2A22, which have been considered in the unaudited consolidated
financial results. These interim financial results have been reviewed by us, whose
reports have been furnished to the management of the Parent and our conclusion on
the StatemenL in so far as it relates ts the amounts and disclosers included in respect
of this subsidiary is based solely on the reports and the procedure performed by us
as stated in paragraph 3 above.

Ourconclusion is not modified in respect of th:s matter.

For, Birju S.Shah & Associates

Chartered Acrountants
M. No, lcAr 1315s4W
107085
SURA?,
Place: SURAT
Date:
UDIN: No.107086

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 AETHER INDUSTRIES LIMITED, SURAT
Plot No. 8203, GIDC Sachin,
Surat - 394230, Gujarat, INDIA
Website: www.aether'co'in, Email: compliance@aether'co'in
Corporate ldentification Number (ClN): 124100GJ2013P1C073434

FINANCIAL RESULTS TOR THE QUARTER AND NINE MONTHS ENDEO DECEMBER 31' 2022
STATEMENT OF UNAUDITED CONSOLIOATED

in million as rtated)

0 uarter Ended Nine Months Ended Year ended

37.72.2027 17.r2.2022 31.72.202L 37.O3.2022

S.No. Particulars 37.12.2022 30.o9.2022
(Audited) tUnaudited) (Audited) (Audited)
(Unaudited) (Unaudited)

lncome 5,900.47
1,401.50 L,572.77 4,572.92 4,425.44
1 Revenue From oPeEtions 7,677.31
23.U L59.75 67.77 69.74
33.98 64.18
2 Other lncome
1,455.58 1,535.61 4,832.67 4,493.15 5,970.2r
Total lrcome (l+2) t,705.29
Expenses
920.21 1,r22.15 2,883.88 2,7 46.O7 3,585.21
a) Cost of material consumed 1,081.80
(s81.2s) 1s97.24) (704.88)
b) Changes in inventories Qer.46l l.237.92]. {364.s3)
a9.27 70.46 254.47 212.45 270.44
c) Employee benefits expenses 93,23
6.05 36.43 39.19 100.35 L3!.27
d) Finance Cost 4.41
54.44 41.74 163.52 114.19 t54.47
e) Depreciation and amortisation expenses 63.97
261.36 292.50 849.66 803.87 1,068.63
f) other Expenses 3r4.71
1,093.35 1,198.79 3,609.47 3,380.03 4,505.48
4 Total Expenses L,266.66
372.33 337.81 !,223.27 1,113.11 7,464.73
5 Profit before exception itemi and tax (3-4) 438.64
6 Exceptlonal items
'l Profit before tax (5-5) 438.64 372.33 337.81 1,223.21 1,113.11 L,464.7!

Expenses
lTa 67 .24 57 .25 105.50 218.59 254.72 338.73
laurrEnt Tax
43.08 7 6.06 25.94 36.72
21.00
8
t""'""--'"'
tax expenses 88.28 100.33 83.81 294.65 244.05 375.44
lTotal 928.56 a29.06 1,089.29
(7{) 350.36 272.OO 254-00
9 lProfitfor the period/year
lother comprehensive income/(expenses)
Items that will not be reclassified to profit or loss
(2.L7]. (0.03) 0.7s (1.s4) (1.s0) {1.s8)

lncome tax relating to items thaty will not be

1.10 (0,1s) 0.39 0.48 0.50
{0.ss)
reclassified to profit or loss
Other comprehensive lncome/(erpen5es) for the (2.7tI 1.05 0.56 (1.1s) 17.421 (1.48)
10
period/year, net of tax
Tgtal comprehensive income for the period/year v17,64 273.06 254.56 927.40 a27.64 1,087.81
77
(9+10)
12 Profit for the period/Vear attributable to:
350.36 272.OO 254.00 928.56 829.05 1,089.29
-Owners ofthe Company
-Non controlling interest
3s0.36 272.00 254.00 928.56 829.05 1,089.29

Other comprhensive income/(expenses)for the

period/year attributable to:
1.06 0.55 1.1s) l,1.42) (1.48)
-Owners ofthe company 12.7lJ (

-Non controlling interest

l2.7tl 1.06 0.56 (1.1 s) 11.421 (1.48)
Total comprehensive income fo. the period/year
74
anributable to:
of the company 347.64 273.06 254.56 927.40 a27 .64 1,087.81
l-owners
l-Non controlling interest
347.il 273.06 254.55 927.40 427.64 1,087.81

15 Earnings per share (Face value of Rs.10/- each)

-Basic 2.41 2.79 2.24 7.45 9.67
-Diluted 2.41 2.79 2.24 7.46 7.45 9.67

15
lPaid-up equity share capital lface value of Rs.lo/- 1,245.71 7,244.43 r,L26.97 t,245.!L 7,726.97 L,L26.9r

77 lilil', "orn, ",.,runs

revaruation reserue 71,153.37 1q461.16 2,475.45 1L,r53.37 2,475.45 2,74t.97

I r.to. of srrares (in mittions) r25 724 111 t25 111 113
I

Notes:
1. The above unaudited standalone financial results have been reviewed by the Audit Commitee and theEafter approved and taken on record by the Board of Directors
in their respective meetings held on lanuary 20, 2023. These unaudited standalone financials r€sults of the company are prepared in accordance with lndian Accouhtihg
Standa.ds ("referred to as lnd AS") as prescribed under Section 133 of the Companies Act, 2013 read with Companies (lndian Accounting Standards) Rules, 2015 as

amended frcm time to time and the provisions ofthe Companies Act, 2013.

of the Company have conducted a limited re'view of the above standalone financial results
2. The Statutory Auditors of the Company for the quarter ended and nine
months e.ded December 31, 2022. An unqualified opinion has been issued by them thereon.

3. The standalone results of the Compary a.e available on the Company's website, www.aether,co.in and also on the website of the BSE Limited, www.bseindia.com

and National Stock Exchange of lndia Limited, ww.nseindia.com, wherc the shacs of the Company are listed.

4, Previous period's / year's figures have b€en .egbuped / reclassified wherever necessary to confirm with the current period's /year's classifietion / di*loEr.

On behalf of the Board ol Dire.tors

For Aether lndustries Limited

SURAT
Ashwin Desai
Place: Surat Managing Dire.tor
Date: January 20, 2023 DIN:0003E386
 AETHER INDUSTRIES LIMITED, SURAT
Plot No. 8203, GIDC Sachin,
Surat - 394230, Gujarat, INDIA
Website: www.aether.co.in, Email: compliance@aether.co.in
Corporate ldentification Number (ClN): 124100GJ2013P1C073434

STATEMENT OF UNAUDITED STANDALONE FINANCIAI. RESUI.TS FOR THE qUARTER AND NINE MONTHS ENDEO DECEMBER 31, 2022

in million
Year ended
5.No. Paniculars 37.72.2022 30.09.2022 37.72.202r 3r.L2.2022 3t.12.2021 3t.03.2022
ll.Jnaudited) (LJnauditedl lAudhedl lUnaudited) lAudited) lAuditedl
lncomG
Revenue From OpeEtions 1,671.31 1,401.50 I,512.77 4,672.92 4,425.44 5,900.47
Other lncome 33.98 54.18 23.84 159.75 67.71 69.74
Total lncome (1+2) 1,705.29 1,455.68 1,536.61 4,4t2.67 4,493.75 5,970-2r
Eeen*s
a) Cost of material consumed 1,081.80 920.27 1,722.15 2,883.88 2,?46.Ot 3,585.21
b) Chan8es in inventories (291.46) 1237.92) (364.s3) (s81.2s) 1s97.24) (704.88)
c) Employee benefits expen*s 93.23 49.2t 70.46 254.47 212.85 210.44
d) Finance Cost 4.4t 5.05 36.43 39.19 100.35 13 1.21
e) Depreciation and amortistion expenses 63.97 54.44 41.74 153.52 114.19 154.47
f) Other Expenses 3L4.70 267.36 292.50 849.65 803.87 1,058.63
Total Expen*s 7,266.65 1,093.35 7,t9E.79 3,609.45 3,380.03 4505.48
Proflt before exccption items and tar (:r-4) 438.54 372.33 337.81 7,113.77 L,464.73
Exc€ptlonal ltens
Proflt befo.e tax (5-5) 438.64 312.33 337.81 L,223.2L 1,113.11 7,464.73
Tu Expenses
Current Tax 67.24 5t_25 105.50 218.59 25A.12 338.73
Deferred Tax 21.00 43.08 (21.68) 76.05 25.94 36.72
Tolal tu dpenses 100.33 83.81 294.55 284.05 375.44
Profit for the p.riod/ye.r (7{) 350-35 272.O( 254.00 924.56 829.06 1,089.29
Othe, comprehenslve lncome/(erp€nses)
Items that will not be reclassified to prolrt or loss
12.17) (0.03) 0.75 (1.s4) (1.s0) (1.s8)

lncome tax relating to items thaty wlll not be

(0.ss) 1.10 (0.19) 0.39 0.48 0.50
reclassifled to prolit or loss
Other comprehensive lncome/(expen*s) for the
|.2.771 1.06 0.56 (1.1s) (1.42) (1.48)
period/year, net oftil
Total compreheGive income lor the peiiod/year
(9+10)
:!t7.65 273.06 25'r.55 927.41 827.64 1,087.81
Prollt for the perlod/year.tt.ibutable to:
.Owners of the Company 350.36 212.00 254.00 928.56 829.06 L,O89.29
-Non controllinB interest
3s0.36 212.00 254.OO 928.s5 829.05 1,089.29
Other comprhensive income/(expensas)ior the
p€.lod/ye.r an,lbutabl€ to:
-Owners ofthe Company 1.06 0.55 (1.1s) (1.48)
{1.42)
-Non controlling interest
1.05 0.56 {1.1s) lL.42l (1.48)
Total comprehenslve lncome for the perlod/year
anributable to:
-Owners ofthe Company 347.65 273.06 254.56 927.41 427.64 1,087.81
-Noo controlling interest
:147.5s 273.06 254.s6 927 -4t 827.64 1,087.81

Earnings per share (Face value of Rs.10/- eaah)

-Basic 2.81 2.79 2.24 7.46 1.45 9.67
-Diluted 2.47 2.t9 2.2A 7.46 7.45 9.67
Paid-up equity share capital (face v.lue ot Rs.lO/-
7,245.17 7,244.A3 L,126.9t 7,245.L| 7,L26.9t 1,126.91
each)
Other equity excluding revaluation rc*rue 77,753.37 10,461.15 2,475.As 11,153.37 2,475.45 2,747.97

No. ofShares (in millions) 125 L24 111 125 111 113

Noteil
1. The above unaudited standalone financial results haw been reviewed bythe Audit committee and thereafter approved and
taken on record by
the Board of Directors in their respective meetings held on January 20, 2023. These unaudited standalone financials results ofthe company
are
prepared in accordance with lndian Ac@unting standards ("referred to as lnd A5") as prescribed
under sedion 133 of the companies Ad, 2ol3
read with Companies (lndian Accounting Standards) Rules, 2015 a5 amended from time to time and the provisions ofthe Companies Ad, 2013.

2. The statutory Auditors of the company have co.ducted a limited revaew of the above standalone financial resuhs of the company
for the
quarter ended and nine months ended December 31, 2022. An unqualified opinion has been issued by them thereon.

3. The standalone resufts of the Company are available on the company's website, ww.aether.co.in and also on the website ofthe BsE Limited,

ww.bseindia.com and National Stock ExchanBe of lndia Limited, M.nseindia.com, where the shares of the Company are listed.

4. Previous period's / year's figures have been regrouped / reclassified wherever necessary to confirm with the current period,s / yeaas
classification / discloser.

On behalf of the Board of DiredoE

For Aelher lnduslries Limited

Place: Surat
SURA.T 0/,-'(.b-- Aihwin Desai
ManaginB Diredor
Date: January 20,2023 DIN: 00038385