Aeroflex Industries Q2 FY27 Results: Consolidated Net Profit ₹36.56 Crore on Total Income of ₹208 Crore
Earnings
Industrial products manufacturing
Blacklitt Research3 min read
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Aeroflex Industries reported consolidated total income of ₹207.68 crore and net profit of ₹36.56 crore for the quarter ended 30 Sep 2026, in a filing on 28 Oct 2026. Standalone total income was ₹202.55 crore and standalone net profit ₹36.50 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹207.68 crore, up 87.0% YoY and 42.3% QoQ
Net profit and EPS: ₹36.56 crore, up 156.9% YoY; basic EPS ₹2.76 against ₹1.10
Finance costs: ₹0.60 crore against ₹0.24 crore a year earlier
Exceptional items: None in the quarter, according to the filing
Standalone
The company on its own, without its subsidiaries
Total income: ₹202.55 crore, up 98.7% YoY and 44.9% QoQ
Net profit and EPS: ₹36.50 crore, up 167.4% YoY; basic EPS ₹2.76 against ₹1.06
Finance costs: ₹0.60 crore against ₹0.23 crore a year earlier
Depreciation: ₹0.59 crore; the note says ₹8.28 crore had the written down value method continued
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
207.68
111.05
+87.0%
145.97
+42.3%
Revenue from operations
207.36
110.87
+87.0%
145.37
+42.6%
Other income
0.32
0.18
+77.8%
0.60
-46.7%
36.56
14.23
+156.9%
18.79
+94.6%
Finance costs
0.60
0.24
+150.0%
0.35
+71.4%
Depreciation
0.45
6.10
-92.6%
7.84
-94.3%
Tax expense
13.05
5.48
+138.1%
7.10
+83.8%
Net profit margin
17.60%
12.81%
+4.79 pp
12.87%
+4.73 pp
Tax as share of profit before tax
26.3%
27.8%
-1.48 pp
27.4%
-1.12 pp
EPS, basic (₹)
2.76
1.10
+150.9%
1.42
+94.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose faster than total income. Net profit was ₹36.56 crore, up 156.9% from a year earlier, while total income rose 87.0% to ₹207.68 crore. Against the June quarter, net profit rose 94.6% from ₹18.79 crore and total income rose 42.3% from ₹145.97 crore. Profit before tax for the quarter was ₹49.61 crore.
The company changed the depreciation method for property, plant and equipment from written down value to straight-line from 1 Apr 2026, and accounted for the change prospectively. The company says straight-line gives a better match to the pattern in which the assets' benefits are expected to be used up. The auditors' review of the consolidated results says their conclusion is not modified on this matter, and puts group depreciation for the quarter at ₹44.17 lakh.
The auditors' report says Hyd-Air Engineering Pvt Ltd, the wholly owned subsidiary, was reviewed by other auditors. For the quarter it shows total revenues of ₹8.01 crore, total assets of ₹39.31 crore and a profit after tax of ₹5.51 lakh.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
202.55
101.94
+98.7%
139.78
+44.9%
Revenue from operations
202.06
101.76
+98.6%
139.02
+45.3%
Other income
0.49
0.18
+172.2%
0.76
-35.5%
36.50
13.65
+167.4%
19.06
+91.5%
Finance costs
0.60
0.23
+160.9%
0.35
+71.4%
Depreciation
0.59
5.64
-89.5%
7.28
-91.9%
Tax expense
12.64
5.53
+128.6%
7.10
+78.0%
Net profit margin
18.02%
13.39%
+4.63 pp
13.64%
+4.38 pp
Tax as share of profit before tax
25.7%
28.8%
-3.11 pp
27.1%
-1.42 pp
EPS, basic (₹)
2.76
1.06
+160.4%
1.44
+91.7%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 167.4% from a year earlier to ₹36.50 crore, faster than total income, which rose 98.7% to ₹202.55 crore. Against the June quarter, net profit rose 91.5% from ₹19.06 crore, and total income rose 44.9% from ₹139.78 crore.
Standalone depreciation for the quarter is ₹0.59 crore. The auditors describe ₹59.17 lakh as the balancing amount under straight-line for the half year, after the depreciation already provided in the first quarter. The standalone note says that had the written down value method continued, depreciation would have been ₹8.28 crore for the quarter.
The filing says there are no exceptional items in the quarter. It reports two capacity steps: liquid cooling SFN skid assemblies rose from 9,000 to 12,000 pieces a year, and the SS hose and braiding division reached 20 million meters a year.
The board in-principle approved the amalgamation of its wholly owned subsidiary Hyd-Air Engineering Private Limited into the company under Section 233 of the Companies Act, 2013, with an appointed date of 1 Apr 2026, subject to approvals. Mustafa Abid Kachwala's tenure as Chief Financial Officer ends at close of business on 27 Nov 2026, and he continues as Whole-time Director and Key Managerial Personnel. Drashti Bhil is to be re-designated Chief Financial Officer from 28 Nov 2026 for three years, on the recommendation of the Audit Committee and the Nomination, Remuneration and Compensation Committee.
Inference
Dividends paid in the half year were ₹5.29 crore, against ₹3.88 crore a year earlier, according to the standalone cash flow statement. At 30 Sep 2026 consolidated total assets were ₹709.86 crore and consolidated other equity was ₹470.96 crore.
The filing does not say what drove the rise in revenue, and it does not set out the company's plans for the added capacity. It says disclosures on the amalgamation will follow once the scheme is finalised and approved.
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AEROFLEXAeroflex Industries Ltd.
