Aimtron Electronics (AIMTRON) H1 25/26 earnings summary

Executive summary

• Achieved record revenue growth of 112.5% year-over-year for H1 FY2026, with strong EBITDA and PAT increases, driven by a robust product mix, operational efficiency, and disciplined working capital management.

• Order book at end of September stands at INR 4,639 million, nearly three times FY2025 revenue, reflecting strong customer trust and long-term visibility, with major wins in AI, IoT, Telecom, EV, and Defence sectors.

• Major new contracts include a INR 975.5 million ODM deal with a leading U.S. infrastructure firm and a domestic AI/IoT box build order for 50,000 units worth over INR 460 million.

• Strategic expansion into defense, aerospace, green energy, and high-growth sectors, supported by new certifications, a greenfield facility under construction, and global footprint in the US and Europe.

• Consolidated revenue from operations for H1 FY2026 was ₹12,258.39 lakhs, with net profit at ₹2,028.54 lakhs.

Financial highlights

• Revenue for H1 FY2026 reached Rs 1,225.8 Mn, up 112.5% YoY; EBITDA at Rs 301.1 Mn, up 104.8% YoY; Net Profit at Rs 202.9 Mn, up 81.4% YoY.

• EPS for H1 FY2026 stood at Rs 9.94, up 81.4% YoY.

• Box build contributed 35% of revenue in H1, expected to exceed 50% in H2.

• Domestic revenue accounted for 60-65%, with exports at 35-40%.

• Maintained debt-free status as of September 30, 2025.

Outlook and guidance

• Projecting 40-50% CAGR year-over-year, with H1 revenue in line with INR 250-270 crore guidance and targeting sustained growth over the next 3-5 years.

• EBITDA margin expected to remain above 20%, with PAT margin around 15% ±2% for the next 2-3 years.

• Greenfield facility to add six SMT lines in phases, targeting INR 1,000 crore production capacity.

• Strategic focus on expanding into European and Australian markets, backward integration, and in-house component manufacturing.

• Preferential issue of 13,89,388 warrants at ₹680.64 per warrant to raise ₹94.57 crores, with 25% received upfront as of 30th September 2025.