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Latest filing: 2026-07-30 18:58
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
28 announcements match the current filters (relevance ≥ 5).
72.4% Revenue Growth in Q1 FY27; Aeroflex Scales Data Center Skid Capacity to 9,000 Units
Aeroflex reported its highest-ever quarterly performance in Q1 FY27, with consolidated revenue surging 72.4% YoY to ₹145.97 Cr. This growth was primarily driven by the rapid scale-up of the new SFN Skid Assemblies segment for data centers, which contributed ₹32.4 Cr (22.2% of total revenue). EBITDA margins expanded significantly by 468 bps to 23.04%, leading to a 162% YoY jump in PAT to ₹18.79 Cr. The company is aggressively expanding its skid assembly capacity from 6,000 to 9,000 units, with a further target of 15,000 units to meet AI infrastructure demand.
Confidence: HIGH
What changedAeroflex has transitioned from a traditional flexible hose manufacturer to an integrated provider of liquid cooling solutions for data centers, with this new segment now contributing over 22% of revenue.
Why it mattersThe shift into AI infrastructure components (skid assemblies) provides significantly higher margins and faster growth than the core hose business, potentially re-rating the company's valuation profile.
Q1 FY27 Revenue: ₹145.97 CrQ1 Revenue vs TTM Revenue: 33.0%PAT Growth (YoY): 162%Skid Assembly Revenue: ₹32.4 CrPeak Hose Revenue Potential: ₹650-675 CrEBITDA Margin: 23.04%
📅 Short termThe stock is likely to react positively to the massive earnings beat and the clear roadmap for capacity expansion in the high-demand data center cooling niche.
📈 Long termStructural growth is supported by the global shift toward liquid cooling in data centers; if Aeroflex reaches its 15,000-unit skid target, it could significantly exceed its current revenue run-rate.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Competition from global players like Parker and Senior in the skid assembly market
- High valuation (P/E 105) leaves little room for execution misses
Key Highlights
Consolidated revenue grew 72.4% YoY to ₹145.97 Cr, representing ~33% of the previous full year's revenue in a single quarter.
SFN Skid Assemblies for data center liquid cooling reached ₹32.4 Cr in revenue, up from near-zero a year ago.
EBITDA increased 116% YoY to ₹33.5 Cr, with margins improving to 23.04% due to high-value product mix.
Skid assembly capacity expanded from 6,000 to 9,000 units per annum, with plans to reach 15,000 units.
Flexible hose capacity is on track to increase from 17.5 million to 20 million meters per annum by Q3 FY27.
👀 What to Watch
Watch for the successful commissioning of the 20 million meter hose capacity by Q3 FY27 and the utilization levels of the expanded 9,000-unit skid assembly line.
72% Revenue Growth in Q1 FY27; Liquid Cooling Segment Contributes Rs 32.4 Cr
Aeroflex reported a robust Q1 FY27 with consolidated revenue growing 72.4% YoY to Rs 145.97 Cr, significantly exceeding historical growth rates. This was driven by the rapid scale-up of the liquid cooling solutions segment (SFN skid assemblies), which contributed Rs 32.4 Cr or ~22% of total revenue. EBITDA margins expanded by 468 bps to 23.04%, resulting in a 162% YoY surge in PAT to Rs 18.79 Cr. The company is aggressively expanding its skid assembly capacity from 9,000 to 15,000 units per annum to meet AI-driven data center demand.
Confidence: HIGH
What changedAeroflex has successfully commercialized its liquid cooling segment for data centers, which now contributes over 20% of total revenue, shifting the product mix toward higher-margin assemblies.
Why it mattersThe successful entry into the AI data center cooling value chain provides a high-growth structural lever beyond traditional industrial hoses, potentially re-rating the company's valuation profile.
Q1 FY27 Revenue: Rs 145.97 CrYoY Revenue Growth: 72.41%Liquid Cooling Revenue: Rs 32.4 CrEBITDA Margin: 23.04%Target Skid Capacity: 15,000 units/annumQ1 Revenue vs TTM Revenue: 33.02%
📅 Short termThe stock is likely to react positively to the significant earnings beat and the clear traction in the high-interest liquid cooling/AI infrastructure segment.
📈 Long termIf Aeroflex maintains its margin profile while scaling capacity to 15,000 skids, it could establish itself as a key global player in the data center cooling supply chain.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High customer concentration in the new liquid cooling segment
- Potential shipment deferments due to US tariffs
- High P/E valuation of 98.8x
Key Highlights
Consolidated Total Income increased 72.41% YoY to Rs 145.97 Cr in Q1 FY27.
Liquid cooling (SFN skid assemblies) generated Rs 32.4 Cr in revenue, representing a major new growth vertical.
EBITDA margins improved to 23.04% from 18.35% YoY, driven by high-value assemblies.
Skid assembly capacity expanded from 6,000 to 9,000 units per annum, with a target of 15,000 units.
Domestic revenue share grew to 42% in Q1 FY27 compared to 28% in the previous year.
👀 What to Watch
Monitor the execution of the capacity expansion to 15,000 skids and the sustainability of 23%+ EBITDA margins as the liquid cooling segment scales. Watch for any potential impact of US tariffs on the export segment, which still accounts for 58% of revenue.
Aeroflex Q1 FY27 PAT Jumps 162% YoY to ₹18.79 Cr; Liquid Cooling Capacity Up 50%
Aeroflex Industries reported a robust Q1 FY27 with consolidated revenue growing 72.3% YoY to ₹145.32 Cr. Net profit (PAT) surged 162% YoY to ₹18.79 Cr, driven by strong operational performance and a shift toward value-added products. The company also announced a 50% capacity expansion in its high-growth liquid cooling SFN skid assemblies, increasing from 6,000 to 9,000 pieces per annum. While the core business is thriving, its subsidiary Hyd-Air Engineering reported a marginal loss of ₹0.27 Cr on revenue of ₹7.66 Cr.
Confidence: HIGH
What changedAeroflex has delivered a significant earnings beat and simultaneously increased its manufacturing capacity for data center cooling solutions.
Why it mattersThe strong growth in the liquid cooling segment and overall margins validates the company's transition into high-value assemblies, supporting its premium valuation (P/E ~99).
Q1 FY27 Revenue: ₹145.32 CrYoY Revenue Growth: 72.3%Q1 FY27 PAT: ₹18.79 CrYoY PAT Growth: 162.1%Liquid Cooling Capacity: 9,000 pieces/annumQ1 Revenue vs TTM Revenue: ~33%
📅 Short termThe stock is likely to react positively to the triple-digit profit growth and the strategic capacity expansion in the data center cooling segment.
📈 Long termThe company is positioning itself as a leader in specialized metallic flexible hoses and cooling systems for high-performance computing, which offers structural growth potential over several years.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Subsidiary Hyd-Air is currently loss-making
- High export dependency (75%) makes revenue vulnerable to international trade tariffs
Key Highlights
Consolidated Revenue for Q1 FY27 grew 72.3% YoY to ₹145.32 Cr from ₹84.33 Cr in the previous year.
Net Profit (PAT) increased 162% YoY to ₹18.79 Cr, compared to ₹7.17 Cr in Q1 FY26.
Liquid cooling SFN skid assembly capacity expanded by 50%, rising from 6,000 to 9,000 pieces per annum.
Earnings Per Share (EPS) for the quarter improved significantly to ₹1.42 from ₹0.55 YoY.
Subsidiary Hyd-Air Engineering contributed ₹7.66 Cr to revenue but recorded a net loss of ₹0.27 Cr.
👀 What to Watch
Investors should monitor the utilization rates of the expanded liquid cooling capacity and the profitability turnaround of the Hyd-Air subsidiary in upcoming quarters.
Aeroflex Q1 FY27 PAT Jumps 162% YoY to ₹18.79 Cr; Liquid Cooling Capacity Up 50%
Aeroflex Industries reported a robust Q1 FY27 with consolidated revenue growing 72.3% YoY to ₹145.32 Cr. Net profit surged to ₹18.79 Cr from ₹7.17 Cr in the year-ago period, reflecting strong demand and a shift toward value-added products. The company also announced a 50% capacity expansion in its high-growth liquid cooling SFN skid assemblies, increasing from 6,000 to 9,000 pieces per annum. While the core business is performing well, the subsidiary Hyd-Air Engineering reported a marginal loss of ₹0.27 Cr on revenue of ₹7.66 Cr.
Confidence: HIGH
What changedAeroflex has significantly scaled its quarterly revenue and profit run-rate while simultaneously increasing capacity in its high-margin liquid cooling segment for data centers.
Why it mattersThe strong earnings growth and capacity expansion in specialized cooling systems validate the company's move into high-value assemblies, which is critical for sustaining its high P/E valuation of 98.8.
Q1 FY27 Revenue: ₹145.32 CrQ1 FY27 PAT: ₹18.79 CrYoY Revenue Growth: 72.3%Liquid Cooling Capacity Increase: 50%Subsidiary Revenue (Hyd-Air): ₹7.66 Cr
📅 Short termThe stock is likely to react positively to the sharp YoY profit growth and the strategic capacity expansion in the data center cooling segment.
📈 Long termStructural growth remains tied to the global adoption of liquid cooling for high-performance computing and the company's ability to navigate US trade tariffs while expanding in Europe and the Americas.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Subsidiary Hyd-Air Engineering is currently loss-making
- High export concentration (75%) makes it vulnerable to US tariff changes
- High valuation (P/E 98.8) leaves little room for execution misses
Key Highlights
Consolidated Revenue from operations increased 72.3% YoY to ₹145.32 Cr in Q1 FY27.
Net Profit (PAT) grew 162% YoY to ₹18.79 Cr compared to ₹7.17 Cr in Q1 FY26.
Liquid cooling SFN skid assembly capacity expanded by 50%, from 6,000 to 9,000 pieces per annum.
Subsidiary Hyd-Air Engineering contributed ₹7.66 Cr to revenue but posted a loss of ₹0.27 Cr.
Earnings Per Share (EPS) for the quarter rose to ₹1.42 from ₹0.55 in the previous year's corresponding quarter.
👀 What to Watch
Monitor the utilization levels of the newly expanded liquid cooling capacity and the profitability turnaround of the Hyd-Air subsidiary. Investors should also track the impact of US tariffs on the company's 75% export-oriented revenue stream.
162% YoY Profit Growth in Q1 FY27; Aeroflex Revenue Surges 72% to ₹145.32 Cr
Aeroflex Industries reported a robust Q1 FY27 with consolidated revenue growing 72.3% YoY to ₹145.32 Cr, significantly outpacing the previous year's run rate. Net profit surged 162% YoY to ₹18.79 Cr, driven by a shift toward value-added products. The company also announced a 50% capacity expansion in its high-margin liquid cooling SFN skid assembly segment, increasing from 6,000 to 9,000 pieces per annum. While the core business is strong, the recently acquired subsidiary Hyd-Air Engineering reported a marginal loss of ₹0.27 Cr on revenue of ₹7.66 Cr.
Confidence: HIGH
What changedAeroflex has delivered a significant earnings beat compared to the same quarter last year and expanded its capacity in the high-growth liquid cooling segment.
Why it mattersThe strong growth in revenue and profit validates the company's strategy to move into high-value assemblies like liquid cooling for data centers, supporting its high valuation multiples.
Q1 FY27 Revenue: ₹145.32 CrQ1 FY27 PAT: ₹18.79 CrYoY Revenue Growth: 72.3%Q1 Revenue vs TTM Revenue: ~32.8%Liquid Cooling Capacity Increase: 50%
📅 Short termThe stock is likely to react positively to the strong YoY and sequential growth in both top-line and bottom-line figures.
📈 Long termThe expansion into liquid cooling systems for data centers and high-performance computing provides a structural growth runway beyond traditional steel hoses.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Subsidiary Hyd-Air Engineering is currently loss-making
- High export dependency (75%) makes revenue sensitive to international trade tariffs
Key Highlights
Consolidated Revenue from operations increased 72.3% YoY to ₹145.32 Cr from ₹84.33 Cr.
Consolidated Net Profit (PAT) grew 162.1% YoY to ₹18.79 Cr from ₹7.17 Cr.
Liquid cooling SFN skid assembly capacity expanded by 50% to 9,000 pieces per annum.
Quarterly EPS rose to ₹1.42 from ₹0.55 in the corresponding quarter of the previous year.
Subsidiary Hyd-Air Engineering contributed ₹7.66 Cr to revenue with a net loss of ₹0.27 Cr.
👀 What to Watch
Monitor the utilization levels of the newly expanded liquid cooling capacity and the profitability turnaround of the Hyd-Air subsidiary in upcoming quarters.
50% capacity expansion in Liquid Cooling SFN Skid Assemblies to 9,000 units p.a.
Aeroflex Industries has increased its production capacity for liquid cooling SFN skid assemblies from 6,000 to 9,000 units per annum, effective July 01, 2026. The company reported selling 1,040 units in Q1 FY27, demonstrating early traction in this new segment. This expansion supports their strategy to target high-performance computing and data center markets, where they previously secured ₹16 Cr in orders. With a TTM revenue of ₹442 Cr and high OPM of 22.5%, this move into value-added assemblies is a key growth lever.
Confidence: HIGH
What changedAeroflex has increased its annual production capacity for liquid cooling SFN skid assemblies by 3,000 units (a 50% increase) and commenced operations at this new level.
Why it mattersThis represents a concrete step in the company's strategy to move into high-value-added assemblies for the data center market, which typically offers higher margins than traditional flexible hoses and supports their 16-18% growth target.
New Capacity: 9,000 pieces p.a.Capacity Increase: 50%Q1 FY27 Units Sold: 1,040 unitsTTM Revenue: ₹442 CrOperating Profit Margin: 22.5%
📅 Short termPositive sentiment is expected as the company demonstrates execution on its expansion plans and reports initial sales volume in a new, high-tech segment.
📈 Long termIf successfully scaled, this high-value segment could structurally improve the company's margin profile and justify its premium valuation (P/E 114.5) by tapping into global data center infrastructure demand.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Utilization risk if data center demand ramp-up is slower than capacity addition
- Client concentration in the new liquid cooling segment
Key Highlights
Production capacity for liquid cooling SFN skid assemblies increased by 50% to 9,000 pieces per annum.
Sold 1,040 units of SFN skid assemblies during the first quarter of FY 2026–27.
Enhanced capacity became operational and commenced production on July 01, 2026.
Expansion targets the high-margin liquid cooling segment for data centers and high-performance computing.
👀 What to Watch
Monitor the utilization rate of the new 9,000-unit capacity in upcoming quarterly results to gauge demand strength in the data center segment. Watch for EBITDA margin expansion as the product mix shifts toward these higher-value assemblies.
₹0.40 Final Dividend Proposed in Aeroflex Industries 32nd AGM Notice
Aeroflex Industries has scheduled its 32nd Annual General Meeting (AGM) for July 21, 2026, to approve a final dividend of ₹0.40 per share for FY 2025-26. The company has fixed July 14, 2026, as the cut-off date for determining voting eligibility. Key agenda items include the re-appointment of Mr. Asad Daud as Director and the re-appointment of M/s. Shweta Jain & Co. LLP as Statutory Auditors for a five-year term. The proposed dividend represents a 20% payout on the face value of ₹2 per share.
Confidence: HIGH
What changedThe company has formally announced the dates for its 32nd AGM, the specific final dividend amount, and the book closure period for shareholders.
Why it mattersThis is a routine but necessary governance event that confirms the distribution of profits to shareholders and ensures the continuity of the company's auditing and leadership functions.
Final Dividend: ₹0.40 per shareDividend Yield (approx): 0.085%Face Value: ₹2.00Cut-off Date: July 14, 2026TTM PAT: ₹55 Cr
📅 Short termThe stock price is unlikely to see significant movement from this announcement given the low dividend yield (~0.085%) relative to the current market price.
📈 Long termLimited structural impact; the company's long-term value remains tied to its 16-18% growth target and expansion into the liquid cooling segment.
Key Highlights
Final dividend of ₹0.40 per equity share recommended for the financial year ended March 31, 2026
AGM scheduled for July 21, 2026, at 11:00 a.m. through Video Conferencing
Cut-off date for e-voting eligibility set for July 14, 2026
Statutory Auditors proposed for re-appointment for a second term of 5 consecutive financial years
Cost Auditor remuneration ratified at ₹1,50,000 plus taxes for FY 2026-27
👀 What to Watch
Investors should note the record date for dividend eligibility and monitor the AGM voting results for confirmation of auditor appointments and dividend approval.
Aeroflex Re-appoints Statutory Auditors for 5 Years and Grants 9,500 ESOPs at ₹180
Aeroflex Industries' Board has approved the re-appointment of M/s. Shweta Jain & Co. LLP as Statutory Auditors for a second five-year term starting FY 2026-27, subject to shareholder approval. The company also granted 9,500 Employee Stock Options (ESOPs) at an exercise price of ₹180 per share to eligible employees. Furthermore, five employees were promoted to Senior Management Personnel (SMP) roles to lead key departments like R&D, Export Sales, and Procurement. These decisions reflect a focus on governance continuity and internal talent development.
Key Highlights
Re-appointment of M/s. Shweta Jain & Co. LLP as Statutory Auditors for a 5-year term (FY 2026-27 to FY 2030-31).
Grant of 9,500 Employee Stock Options (ESOPs) under the 2024 Plan at an exercise price of ₹180 per share.
Appointment of M/s. Rampurawala Mohammed A & Co. as Cost Auditor for the Financial Year 2026-27.
Promotion of five employees to Senior Management Personnel (SMP) including a new VP of Export Sales.
Re-appointment of M/s. D M Jain & Co. as Internal Auditor for the Financial Year 2026-27.
👀 What to Watch
Investors should consider this a routine corporate governance update that ensures stability in auditing and leadership. No immediate action is required as the ESOP grant is relatively small and the auditor changes are re-appointments.
Aeroflex Approves Statutory Auditor Re-appointment for 5 Years and Grants 9,500 ESOPs at ₹180
Aeroflex Industries Limited has approved the re-appointment of M/s. Shweta Jain & Co. LLP as Statutory Auditors for a second five-year term (FY 2026-27 to FY 2030-31), subject to shareholder approval. The Board also granted 9,500 Employee Stock Options (ESOPs) at an exercise price of ₹180 per share to eligible employees. Furthermore, the company strengthened its leadership by promoting five employees to Senior Management Personnel roles and appointed internal and cost auditors for the upcoming financial year.
Key Highlights
Re-appointment of M/s. Shweta Jain & Co. LLP as Statutory Auditors for a second 5-year term starting FY 2026-27.
Grant of 9,500 Employee Stock Options (ESOPs) at an exercise price of ₹180 per share under the 2024 Plan.
Appointment of M/s. Rampurawala Mohammed A & Co. as Cost Auditor and re-appointment of M/s. D M Jain & Co. as Internal Auditor for FY 2026-27.
Categorization of 5 key employees as Senior Management Personnel (SMP) across R&D, Export Sales, and Operations.
👀 What to Watch
Investors should consider these as routine governance and talent retention measures; the ESOP grant is small and unlikely to cause significant equity dilution.
Aeroflex Promoters Declare Zero Encumbrance on 8.66 Crore Shares for FY26
Aeroflex Industries has submitted annual disclosures from its promoter group members, Aeroflex Enterprises Limited and Italica Global F.Z.C., for the financial year ended March 31, 2026. Aeroflex Enterprises holds 7,91,81,833 shares, while Italica Global holds 74,54,830 shares. Both entities have officially declared that no encumbrances or pledges were created on these shares, directly or indirectly, during the fiscal year. This confirmation of zero promoter pledging is a positive indicator of the company's financial health and management stability.
Key Highlights
Aeroflex Enterprises Limited holds 7,91,81,833 equity shares as of March 31, 2026.
Italica Global F.Z.C. holds 74,54,830 equity shares as of March 31, 2026.
Promoters confirmed zero encumbrance (pledging) of shares during the entire financial year 2025-26.
The disclosure was made in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
👀 What to Watch
Investors should take confidence in the fact that the promoter's stake remains entirely unpledged, reducing the risk of forced liquidation. No immediate action is required as this is a routine but positive annual compliance filing.
Aeroflex Q4 FY26 PAT Jumps 57% YoY; Scaling Liquid Cooling Capacity to 15,000 Units
Aeroflex Industries reported a robust Q4 FY26 with total income rising 38% YoY to ₹126.5 crores and PAT increasing 57% to ₹17.6 crores. The company successfully entered the high-growth liquid cooling segment for data centers, generating ₹21.2 crores from 617 skid assemblies in just four months. To meet rising demand, management is aggressively expanding skid assembly capacity from 6,000 to 15,000 units per annum. The Board has recommended a 20% final dividend, reflecting strong operational leverage and a strategic shift toward higher-margin value-added products.
Key Highlights
Q4 EBITDA margins expanded by 326 bps YoY to 23.86%, driven by an improved product mix.
Full-year FY26 revenue reached ₹443.3 crores with a total EBITDA of ₹99.7 crores.
Liquid cooling skid assembly capacity scaling from 6,000 to 15,000 units per annum by Q2 FY27.
Value-added products (assemblies, fittings, and bellows) now contribute 52% of total sales.
Subsidiary Hyd-Air recorded FY26 revenue of ₹31.64 crores with 60% current utilization.
👀 What to Watch
Investors should focus on the rapid scaling of the liquid cooling segment as it provides high-margin exposure to the AI and data center infrastructure boom. The stock remains a strong growth candidate given the aggressive capacity expansion and increasing domestic market share.
Aeroflex Reports Record FY26 Performance; Q4 PAT Jumps 57% to ₹17.6 Cr
Aeroflex Industries reported its highest-ever quarterly and yearly performance, with Q4FY26 revenue growing 38% YoY to ₹126.46 crore. The company's EBITDA margins expanded significantly to 23.86% in Q4, driven by operational efficiencies and a shift towards high-value products like liquid cooling skid assemblies for data centers. For the full year FY26, the company achieved a total income of ₹443.29 crore and a PAT of ₹55.53 crore. Aeroflex is aggressively expanding its skid assembly capacity from 6,000 to 15,000 units per annum by Q2FY27 to capture the AI-driven data center market.
Key Highlights
Q4FY26 PAT surged 57% YoY to ₹17.64 crore, while EBITDA grew 59% to ₹30.03 crore.
Full-year FY26 EBITDA reached ₹99.74 crore (+26% YoY) with a healthy margin of 22.57%.
Successfully scaled SFN skid assembly sales to 571 units in Q4, generating ₹18.9 crore in revenue.
Company remains debt-free with cash and bank balances of approximately ₹70 crore as of March 2026.
Board recommended a final dividend of 20% (₹0.40 per equity share of ₹2 each).
👀 What to Watch
Investors should monitor the execution of the capacity expansion in the skid assembly segment, as this high-margin business is becoming a key growth driver. The debt-free balance sheet and strong cash generation support further strategic investments in the AI infrastructure space.
Aeroflex Industries Recommends Final Dividend of Rs 0.40 Per Share for FY 2025-26
Aeroflex Industries Limited has recommended a final dividend of Rs. 0.40 per equity share for the financial year ended March 31, 2026. This payout represents 20% of the face value of Rs. 2 per share and is subject to shareholder approval at the upcoming Annual General Meeting. Alongside the dividend, the board approved the audited standalone and consolidated financial results for the full year. The statutory auditors have issued an unmodified opinion, indicating healthy financial reporting standards.
Key Highlights
Recommended a final dividend of Rs. 0.40 per equity share for FY 2025-26.
The dividend payout ratio stands at 20% based on the face value of Rs. 2 per share.
Approved audited standalone and consolidated financial statements for the year ended March 31, 2026.
Statutory auditors issued an audit report with an unmodified opinion for the financial year.
👀 What to Watch
Investors should hold the stock to be eligible for the dividend and check the upcoming AGM date for the record date announcement.
Aeroflex Industries Recommends Re. 0.40 Final Dividend; Approves FY26 Audited Results
Aeroflex Industries Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The Board of Directors recommended a final dividend of Re. 0.40 per equity share, which represents a 20% payout on the face value of Rs. 2. The statutory auditors issued an unmodified opinion on the financial statements, confirming the reliability of the reported figures. This announcement follows the board meeting held on May 05, 2026, which also reviewed the performance of its subsidiary, Hyd-Air Engineering Pvt Ltd.
Key Highlights
Recommended a final dividend of Re. 0.40 per equity share (20% of face value Rs. 2) for FY 2025-26.
Approved audited standalone and consolidated financial results for the full year ended March 31, 2026.
Statutory auditors issued an audit report with an unmodified opinion for both standalone and consolidated statements.
The consolidated results include the performance of the Indian subsidiary, Hyd-Air Engineering Pvt Ltd.
The board meeting commenced at 04:00 p.m. and concluded at 05:48 p.m. on May 05, 2026.
👀 What to Watch
Investors should note the dividend recommendation and await the Annual General Meeting for final approval. The unmodified audit opinion is a positive sign of corporate governance and financial transparency.
Aeroflex Industries Receives GST Demand and Penalty Totaling ₹7.19 Crore
Aeroflex Industries Limited has received an order from the Central GST Commissionerate, Raigad, demanding a total of ₹7.19 crore. The demand includes ₹3.59 crore in tax and an equivalent penalty of ₹3.59 crore for the period April 2021 to March 2024. The dispute primarily concerns input tax credit (ITC) claims on expenses related to the company's Initial Public Offering (IPO). The company intends to appeal the order and believes it will not have a material financial impact on its operations.
Key Highlights
Total demand of ₹7.19 crore, comprising ₹3.59 crore tax and ₹3.59 crore penalty.
Issue relates to Input Tax Credit (ITC) on IPO-related expenses and other matters.
Order covers the tax period from April 2021 to March 2024 under Section 74 of the CGST Act.
Company plans to file an appeal before the Appellate Authority within the prescribed time limit.
👀 What to Watch
Investors should monitor the outcome of the appeal process as the demand represents a significant one-time cost if upheld. However, the company's confidence in a favorable outcome suggests no immediate threat to core operations.
Aeroflex Triples Liquid Cooling SFN Skid Capacity to 6,000 Units; Targets 15,000 by July 2026
Aeroflex Industries has successfully tripled its production capacity for liquid cooling SFN skid assemblies from 2,000 to 6,000 pieces per year as of April 1, 2026. The company has already commenced production at this new level and aims to further expand capacity to 15,000 pieces per year by June/July 2026. This expansion is supported by strong market traction, with 571 units sold in Q4 FY26 and successful installations across multiple data centers. The move signals a strategic pivot towards high-growth data center infrastructure components.
Key Highlights
Immediate capacity increase from 2,000 to 6,000 SFN skid assemblies per year effective April 1, 2026
Further expansion target of 15,000 pieces per year set for completion by June/July 2026
Reported sales of 571 SFN skid assembly units during Q4 of FY 2025-26
Successful product validation with installations completed across multiple data centers
Production has already commenced at the newly expanded capacity level
👀 What to Watch
Investors should monitor the company's ability to maintain utilization rates as capacity scales toward 15,000 units. The successful entry into the data center cooling market provides a significant long-term growth catalyst.
Aeroflex Industries Receives ₹41.76 Crore Income Tax Demand for AY 2018-19
Aeroflex Industries Limited has been served an income tax demand of ₹41.76 crore by the Assessment Unit of the Income Tax Department. The order, pertaining to Assessment Year 2018-19, relates to the disallowance of a claim regarding the waiver of interest on a working capital loan during a one-time settlement. The company has expressed its intention to challenge this order before the Appellate Authority, citing strong merits in its case. Management currently anticipates no material financial impact as they expect a favorable outcome from the appeal process.
Key Highlights
Income Tax Department raised a total demand of ₹41,75,88,940.
The issue involves disallowance of interest waiver claims under Section 41 for AY 2018-19.
Order received under Section 147 read with Section 144B of the Income Tax Act, 1961.
Company intends to file an appeal with the Appellate Authority within the prescribed time limit.
Management believes the order will not have a material financial impact on the company's operations.
👀 What to Watch
Investors should monitor the progress of the legal appeal as the demand amount is significant. While the company is contesting the claim, any unfavorable final ruling could impact future cash flows.
Aeroflex Industries Allots 30.10 Lakh Shares to Raise ₹55 Cr; Ashish Kacholia Increases Stake
Aeroflex Industries has successfully completed a preferential allotment of 30,10,398 equity shares at an issue price of ₹182.70 per share, raising approximately ₹55 crore. Marquee investor Ashish Kacholia participated in the round, increasing his total stake in the company from 2.01% to 2.27%. Other notable allottees include Bengal Finance and Investment and Madhu Silica Private Limited. This capital infusion strengthens the company's equity base and provides growth capital for future operations.
Key Highlights
Allotted 30,10,398 equity shares at a price of ₹182.70 per share (including ₹180.70 premium).
Total capital raised through this preferential issue amounts to ₹54,99,99,714.60.
Ashish Kacholia was allotted 4,10,509 shares, taking his post-issue holding to 30,08,589 shares (2.27%).
Total paid-up equity share capital increased from 12.93 crore shares to 13.23 crore shares.
The issue involved 6 non-promoter investors including Bengal Finance and R K Investments.
👀 What to Watch
The participation of a high-profile investor like Ashish Kacholia at ₹182.70 per share serves as a strong valuation benchmark and a vote of confidence. Investors should monitor the company's deployment of these funds for expansion or debt reduction.
Aeroflex Reports Record Q3 FY26: Revenue Up 21% to ₹121 Cr, EBITDA Margins Hit 23.6%
Aeroflex Industries achieved its highest-ever quarterly performance in Q3 FY26, with revenue growing 21% YoY to ₹121 crore and EBITDA rising 28% to ₹28.5 crore. The growth was primarily driven by a 30% surge in exports and an increasing contribution from value-added products, which now account for 54% of total sales. The company is strategically pivoting towards the AI and data center infrastructure market by expanding its liquid cooling skid assembly capacity to 15,000 units by June 2026. Despite rationalizing capex for its bellows project to ₹10.5 crore, the management remains optimistic about sustaining growth through high-margin applications.
Key Highlights
Reported highest-ever quarterly revenue of ₹121 crore and PAT of ₹16.5 crore (up 8% YoY).
EBITDA margins improved to 23.6% driven by a better product mix and operational efficiencies.
Export revenue grew 30% YoY, now representing 74% of total business, with 85% of exports going to US and EU markets.
Expanding liquid cooling skid assembly capacity from 2,000 to 15,000 units per annum by June 2026 to capture AI infrastructure demand.
Installed hose capacity increased to 17.5 million meters, with a target of 20 million meters by Q2 FY27.
👀 What to Watch
Investors should focus on the company's successful entry into the high-margin data center cooling segment, which could significantly re-rate the stock. The strong export growth and capacity expansion provide a clear visibility for double-digit growth in the coming quarters.
Aeroflex Q3 FY26: Revenue Up 21% YoY to ₹121 Cr; Breakthrough in Data Center Liquid Cooling
Aeroflex Industries reported its highest-ever quarterly revenue of ₹121.12 crore for Q3 FY26, marking a 21% YoY growth. The company achieved a significant strategic breakthrough by commencing commercial dispatches for liquid-cooling data center applications under a long-term agreement with a major U.S. corporation. EBITDA margins expanded by 141 bps YoY to 23.59%, driven by a shift toward value-added products and robust 30% export growth. Capacity expansion is on track, with hose capacity reaching 17.5 million meters and plans to scale liquid cooling skid units to 15,000 per annum by June 2026.
Key Highlights
Highest-ever quarterly revenue of ₹121.12 crore, up 21% YoY and 9% QoQ
EBITDA grew 28% YoY to ₹28.58 crore with margins improving to 23.59%
Successfully added 1 million meters of hose capacity in Jan 2026, reaching 17.5 million meters total
First commercial dispatch of liquid-cooling components for data centers completed during the quarter
Export revenue grew by 30% YoY despite global tariff pressures, reflecting strong customer stickiness
👀 What to Watch
Investors should monitor the ramp-up in the high-margin data center cooling segment, which provides a multi-decade growth catalyst. The company's ability to maintain 23%+ EBITDA margins while expanding capacity makes it a strong play in the specialized engineering space.
