Aimtron Electronics (AIMTRON) H2 23/24 earnings summary

Executive summary

• Achieved revenue of INR 929.80 million (₹9,372.96 lakhs) in FY24, up 29.09% year-over-year, with strong growth in EBITDA and PAT margins.

• Diversified business across automotive, industrial, gaming, IoT, AI, medical, and defense sectors, serving global clients.

• Expanded manufacturing capabilities with two state-of-the-art facilities and multiple certifications, supporting high-tech and regulated industries.

• Publicly listed in 2024, leveraging U.S. parent company synergies and transitioning to NSE reporting.

• Financial statements prepared per Indian accounting standards, reviewed by statutory auditors with an unmodified opinion.

Financial highlights

• EBITDA for FY24 at INR 236.30 million, up 42.60% year-over-year; EBITDA margin rose to 25.40%, up 226 bps.

• PAT for FY24 at INR 136 million (₹1,359.94 lakhs), up 57.50% year-over-year; PAT margin increased to 14.60%, up 257 bps.

• EPS for FY24 at 9.06, compared to 10.6 in FY23; adjusted for share capital changes.

• Shareholders' funds increased to INR 570 million (₹5,169.93 lakhs) in FY24 from INR 312.3 million (₹3,530.20 lakhs) in FY23.

• Current liabilities decreased from INR 433.40 million to INR 280.90 million; current assets rose to INR 694.20 million.

Outlook and guidance

• Targeting 30%-50% annual revenue growth, supported by existing capacity and new assembly lines.

• Focus on diversification, geographical expansion, operational excellence, and backward integration.

• Actively pursuing opportunities in defense, AI, and advanced manufacturing, with ongoing investments in marketing and sales teams.

• Continued focus on ESDM services and public reporting as part of NSE listing.