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Q1 FY26 RESULTS elements like Neodymium and Dysprosi- “This partnership marks a defi ning mo- plant planned within 24 months. Leonard
um, with a zero-liquid-discharge refi n- ment in India’s journey toward rare earth Ansorge, Director at Rocklink, said,
Aether Industries posts 35% growth in revenues ing facility set for commissioning. The self-reliance,” said Utkarsh Singh, CEO, “Our alliance with BatX brings together
companies will also co-develop patents BatX Energies. our materials and refi ning expertise with
Aether Industries Ltd., a leading Improved cost management and produc- been acquired, increasing the total pro- for these technologies. The collabora- BatX’s innovative and practical approaches
specialty chemicals manufacturing tion effi ciency further contributed to a PAT ject area to 46 acres, further strengthen- tion seeks to build a scalable, environ- A pilot facility is expected to start on refi ning to deliver tangible results
company, has reported revenues of (Profi t After Tax) of Rs. 47-crore (PAT ing the company’s infrastructure and mentally responsible recycling system. within 12 months, with a commercial in short development cycles”.
Rs. 259-crore in Q1 FY26, marking margin 18%), up 57% from Q1 of FY25. expansion roadmap.
a signifi cant increase compared to CONTRACT MANUFACTURING
Rs. 192-crore Q1 FY25. EBITDA for the “In terms of revenue mix of the The quarter also witnessed signifi -
quarter stood at Rs. 78-crore (EBITDA Business Models, for the quarter, CEM cant strategic developments. In June Punjab Chemicals inks MoUs with overseas fi rms
Margin 30%), representing a year-on- contributed 37%, CRAMS contributed 2025, Aether entered into 10 years
year growth of 94%. 10% and the remaining was contributed Contract Manufacturing Agreement with for high-value agrochemicals
by large-scale manufacturing, showcasing Milliken Chemical and Textile (India) Punjab Chemicals and Crop Protec- to reach Rs. 120-150 crore over
“These results underscore Aether’s a well-balanced and resilient business Co. Pvt. Ltd., a wholly-owned subsi- tion Ltd. has announced the signing of the next two to three years.
strategic execution, robust market model,” the statement added. diary of USA headquartered Milliken & three exclusive MoUs with unnamed The company is also actively
positioning, and continued push towards Company. Following this agreement, overseas fi rms for high value agro- scouting for a new site to sup-
value-added segments,” the company Site 5 under construction Aether began expansion activities at chemical products and intermediates. port its growing operations and
said in a statement. Aether Industries has commenced Site-3+. Equipment procurement is These products are set to be commer- product pipeline. A formal an-
construction of a new manufacturing currently underway and all necessary cialised over the next 12-18 months, nouncement regarding the new
Aether Industries continued to unit (Site-5) at Panoli GIDC, on Surat- regulatory approvals have been secured. the company informed in a press site is expected to be made
deepen its focus on Contract/Exclusive Ahmedabad highway. Two production Production under the CEM model for note. soon.
Manufacturing (CEM) and Contract blocks of Phase-1 is expected to be fully Milliken’s strategic products is expected
Research and Manufacturing Services operational by the end of calendar year to commence by the end of this fi nan- The company will invest around multiple manufacturing facilities across Commenting on the development
(CRAMS) as key revenue drivers. 2025. An adjacent land parcel has also cial year. Rs. 60-crore at its existing site to build India, including two in Punjab (Dera- Shalil Shroff, Managing Director said,
two new manufacturing blocks. This bassi and Lalru) and one in Maharashtra “We are happy to see success of our
BatX Energies, Rocklink announce rare earth expansion aims to cater to increased (Pune). product development, R&D and mar-
demand of existing products, new pro- ket access efforts. Our commitment to
magnet recycling tie-up duct pipeline and commercialise new “This strategic initiative will unfold quality, IP and delivery is attracting lot
products catering to the Japanese over the next two years and is expected of new customers and I believe this is
BatX Energies, a Haryana-based and European markets. It has already to signifi cantly bolster the company’s just beginning of new exciting phase in
battery recycling fi rm, has signed a received environmental approvals for top line,” Punjab Chemicals said, adding our journey towards growth and excel-
Memorandum of Understanding with the expansion. The company operates that the sales from this segment is likely lence”.
Germany’s Rocklink GmbH to esta-
blish “India’s fi rst” rare earth magnet TCI posts 17% increase in Q1 net profi t
recycling and refi ning ecosystem.
According to the two companies, this Multimodal logistics and supply income was Rs. 1,150.6-crore, around 9 solid progress in the fi rst quarter of FY
collaboration aligns with the EU- chain solutions provider, Transport percent higher than Rs. 1,056.0-crore for 2025 – 26, driven by steady growth across
India Trade and Technology Council’s Corporation of India Ltd. (TCI), has the corresponding quarter of the previ- our multimodal, warehousing, 3PL and
focus on sustainable mineral supply reported a consolidated net profi t of ous year. cold chain verticals. Despite mixed sec-
chains. Rs. 107.2-crore for the fi rst quarter ended toral trends in the economy, our integrated
June 30, 2025, marking a 17 percent in- Commenting on the Q1 results, service offerings and customer-centric
It aims to create a domestic rare crease over Rs. 91.6-crore in the same Vineet Agarwal, Managing Director approach have enabled us to maintain
earth supply in India, while improving year ago period. TCI’s consolidated total of TCI said, “We are pleased to report noteworthy operational momentum.”
Europe’s access to circular materials,
thereby addressing global demand for Fineotex Chemical’s Executive Director feted
critical minerals in electric vehicles Pradesh, targeting end-of-life magnets BatX and Rocklink will deploy
and renewables. like NdFeB and SmCo from motors and Rocklink’s ‘Magcycle’ system for trace- Speciality chemicals fi rm, Fineotex Bharat Merchants’ Chamber for her commended her role as a second-gene-
electronics. This facility aims to pro- able magnet collection across India. Chemical Ltd. (FCL), has announced contributions to driving organic growth ration entrepreneur leading the trans-
The partnership has initiated a vide integrated solutions for collecting They plan to develop solvent extraction that its Executive Director, Ms. Aarti and modernisation of the family-run formation of Fineotex Chemical, parti-
recycling cluster in Sikandrabad, Uttar and processing critical materials. technologies to purify rare earth Jhunjhunwala, was honoured by the textile chemical business. The award cularly in the textile processing segment.

140 Chemical Weekly August 5, 2025 Chemical Weekly August 5, 2025 141

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