Aeroflex Industries (AEROFLEX) Q4 22/23 earnings summary

Executive summary

• FY23 revenue reached ₹26,941.78 lakh standalone and ₹26,950.00 lakh consolidated, versus ₹24,099.07 lakh and ₹24,099.54 lakh, respectively, in FY22.

• FY23 PAT was ₹3,015.60 lakh standalone and ₹3,015.21 lakh consolidated; the annual report described the operating environment as challenging while noting a strengthened industry position.

Financial highlights

• Standalone revenue from operations was ₹26,937.88 lakh versus ₹24,079.55 lakh in FY22; total income was ₹26,941.78 lakh versus ₹24,099.07 lakh.

• Standalone PBT before exceptional items was ₹4,430.62 lakh versus ₹3,650.86 lakh; after a ₹307.71 lakh exceptional FX item, PBT was ₹4,122.91 lakh.

• Consolidated PBT before exceptional items was ₹4,430.23 lakh versus ₹3,645.21 lakh; PAT was ₹3,015.21 lakh versus ₹2,750.59 lakh.

• Standalone PAT was ₹3,015.60 lakh versus ₹2,757.03 lakh; basic and diluted EPS was ₹2.64 versus ₹12.06, with the FY23 share split affecting comparability.

Outlook and guidance

• Management cited product strength, customer insight and continued innovation as supporting performance, with industry leadership and competitive-market positioning strengthened during FY23.

• Expansion-project work remained in progress at year-end, with ₹64.25 lakh of capital work-in-progress not yet ready for use.

• A draft IPO prospectus was filed with SEBI on March 31, 2023; approval was pending at the reporting date.