Aeroflex Industries (AEROFLEX) Q1 26/27 earnings summary

Executive summary

• Achieved highest-ever quarterly performance with consolidated revenue of INR 145.97 crore, up 72.4% year-over-year, driven by both core and emerging businesses.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with statutory auditors issuing an unmodified review report.

• Flexible hose business grew 41% year-over-year; assemblies and value-added products grew at a faster pace.

• SFN skid assembly revenue reached INR 32.44 crore, contributing 23% of total revenue, marking a shift to integrated flow management solutions.

• Appointment of M/s. Kailash Chand Jain & Co. as Tax Auditor for FY 2026-27.

Financial highlights

• Consolidated revenue from operations for Q1 FY27 was INR 145.97 crore, up from INR 125.84 crore in Q4 FY26 and INR 84.33 crore in Q1 FY26.

• EBITDA rose 116% year-over-year to INR 33.5 crore, with margin expansion of 468 basis points to 23.04%.

• Profit after tax was INR 18.79 crore, up 162% year-over-year; tax margin improved by 440 basis points to nearly 13%.

• Earnings per share (EPS) for Q1 FY27 stood at INR 1.42 (consolidated, basic and diluted), up from INR 0.55 in Q1 FY26.

• Cash profit exceeded INR 26.64 crore, more than doubling year-over-year, with cash profit margin at 18.25%.

Outlook and guidance

• Confident in long-term growth, focusing on scaling all business verticals, especially liquid cooling and skid assemblies.

• Capacity for skid assemblies expanded from 6,000 to 9,000 units per annum, targeting 15,000 by Q3 FY27.

• Flexible hose production to increase from 17.5 million to 20 million meters per annum by Q3.

• Targeting 25% blended EBITDA margin in the next few years.

• Skid assembly capacity expected to reach optimal 80% utilization in FY28.