Aeroflex Industries (AEROFLEX) Q3 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue, EBITDA, and PAT in Q3 FY26, driven by value-added products and expansion into data center and AI infrastructure applications.

• Export business grew 30% year-over-year despite tariff headwinds, reflecting strong customer retention and execution capabilities.

• Major operational milestones include capacity expansion, entry into high-performance liquid cooling for data centers, and new plant setup in Pune.

• Ongoing investments in automation and advanced manufacturing to enhance throughput and margins.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Financial highlights

• Q3 FY26 total income: INR 121 crore, up 21% year-over-year; EBITDA: INR 28.58 crore (28% YoY growth), margin at 23.59%; PAT: INR 16.49 crore (8% YoY growth), PAT margin 13.62%.

• Nine-month total income: INR 317 crore; EBITDA: INR 70.5 crore (22.2% margin); PAT: INR 38 crore (12% margin).

• Cash PAT for Q3: INR 22.75 crore.

• Earnings per share for Q3 FY26: Rs 1.28; for 9MFY26: Rs 2.93.

• Consolidated revenue from operations for Q3 FY26: ₹12,089.02 lakhs, up from ₹9,979.54 lakhs in Q3 FY25.

Outlook and guidance

• Healthy order book, strong customer relationships, and increasing penetration in global data center and AI infrastructure markets support a positive outlook.

• Targeting sustained growth momentum and long-term shareholder value.

• EBITDA margin guidance maintained at 23%-25% for the next couple of years.

• Liquid cooling skid assembly capacity to be expanded to 15,000 units per annum by June 2026.

• Ongoing capacity expansion and new product lines (skid assemblies) expected to support future growth.