Aimtron Electronics (AIMTRON) H2 25/26 earnings summary

Executive summary

• Achieved record revenue and profitability in FY26, with significant transformation from PCB assembly/EMS to ESDM and design-led manufacturing, expanding global presence and customer relationships.

• Strategic acquisitions in the US (Aimtron International Controls/International Control Services Inc.) and new subsidiaries in India, US, and Europe enhanced market access and capabilities.

• Diversified order book across sectors: industrial, telecom, power, auto robotics, AI, IoT, EV, aerospace/defence, agrotech, and railways.

• Sustained double-digit growth in revenue and margins, targeting 40%-50% CAGR over the next 3-5 years.

• Audited standalone financial results for FY26 were approved with an unmodified opinion.

Financial highlights

• FY26 consolidated revenue: $3,012 million (INR 3,011.6 Mn), up 89.2% YoY; H2 FY26 revenue: $1,786 million (INR 1,785.8 Mn), up 75.9% YoY.

• FY26 EBITDA: $369 million (INR 657.7 Mn), up 93.6% YoY; EBITDA margin: 21.8%-22.6%.

• FY26 PAT: $460 million (INR 459.7 Mn), up 79.4% YoY; EPS: INR 22.47, up 71.0% YoY.

• Order book as of March 31, 2026: INR 5,212 Mn (~1.7x FY26 revenue), with 20%-25% exports and a robust RFQ pipeline of INR 9,000–9,500 Mn.

• Standalone revenue for FY26 was ₹25,713.41 lakhs, net profit ₹3,916.15 lakhs, and basic EPS ₹19.14.

Outlook and guidance

• Targeting 40%-50% CAGR growth over the next few years, aiming for INR 1,000 crore revenue journey.

• Strategic focus on backward integration, global expansion (Europe, Australia), and entry into high-growth sectors like medical devices, EV, UAV, and telecom.

• No major CapEx required for the next two years; current capacity sufficient for growth targets.

• Greenfield expansion in Bangalore and Vadodara underway, with new SMT lines and R&D zone planned.

• Progressing with global JV and Green Field initiatives, utilizing preferential issue proceeds.