Aeroflex Industries (AEROFLEX) Q4 21/22 earnings summary

Executive summary

• FY22 sales and other income reached ₹24,099.07L standalone vs ₹14,478.97L; PAT was ₹2,757.03L vs ₹601.93L.

• Industry leadership strengthened despite a challenging operating environment; product range, customer insight and continued innovation supported performance.

Financial highlights

• Standalone revenue from operations was ₹24,079.55L vs ₹14,472.87L; consolidated revenue was ₹24,080.01L vs ₹14,477.38L.

• Standalone PBT before exceptional items and tax was ₹3,650.86L vs ₹968.92L; PAT ₹2,757.03L vs ₹601.93L; EPS ₹12.06 vs ₹2.63.

• Consolidated PBT before exceptional items and tax was ₹3,645.21L vs ₹967.84L; PAT ₹2,750.59L vs ₹601.10L; EPS ₹12.03 vs ₹2.63.

• Exceptional FCTL exchange-fluctuation item was ₹41.30L vs (₹162.99L) in FY21.

Outlook and guidance

• Expansion project remained in progress with ₹635L of capital work-in-progress; all reported project expenditure was incurred in the prior FY.

• SAP software development of ₹26.11L was under trial in FY22, with use expected in the following FY.

• Energy conservation through production streamlining and exploration of alternative energy sources remained ongoing initiatives.