Total Income: ₹277.34 crore (53.74% growth from ₹180.39 crore in Q2 FY26)
Revenue from Operations: ₹249.90 crore (from ₹172.35 crore in Q2 FY26)
Other Income: ₹27.43 crore (from ₹8.04 crore in Q2 FY26)
EBITDA: ₹59.91 crore (59.01% growth from ₹37.68 crore in Q2 FY26)
Operational EBITDA: ₹59.91 crore (59.01% growth)
Operational EBITDA Margin: 21.60% (71 bps improvement from 20.89%)
PAT: ₹38.24 crore (87.11% growth from ₹20.44 crore in Q2 FY26)
PAT Margin: 13.79% (246 bps improvement from 11.33%)
Cash PAT: ₹39.93 crore (41.48% growth from ₹28.22 crore)
Cash PAT Margin: 14.40% (125 bps decline from 15.65%)
Diluted EPS: ₹2.27 (from ₹1.23 in Q2 FY26)
H1 FY27 Performance (YoY Comparison)
Total Income: ₹610.50 crore (89.34% growth from ₹322.43 crore in H1 FY26)
Revenue from Operations: ₹438.90 crore (from ₹306.83 crore in H1 FY26)
Other Income: ₹171.60 crore (from ₹15.60 crore in H1 FY26)
EBITDA: ₹221.34 crore (248.62% growth from ₹63.49 crore in H1 FY26)
Operational EBITDA: ₹94.92 crore (49.50% growth from ₹63.49 crore)
Operational EBITDA Margin: 19.61% (8 bps decline from 19.69%)
PAT: ₹141.46 crore (305.83% growth from ₹34.86 crore in H1 FY26)
PAT Margin: 23.17% (1,236 bps improvement from 10.81%)
Cash PAT: ₹152.19 crore (204.88% growth from ₹49.92 crore)
Cash PAT Margin: 24.93% (945 bps improvement from 15.48%)
Diluted EPS: ₹10.80 (from ₹2.13 in H1 FY26)
Strategic Exit - MRO Business
Successfully exited MRO business by selling 68% stake to Ingersoll-Rand Industrial US, Inc. on April 30, 2026
Deal value: ₹227.42 crore
Return multiple: ~3x
Holding period: Less than 2 years (~21 months)
XIRR: ~107%
MRO was consolidated for only one month in Q1 FY27 post-divestment
Q1 FY27 EBITDA includes proceeds from sale of stake in MRO
Operational EBITDA for Q1 FY27 excludes proceeds from MRO stake sale and non-recurring expenses
Strategic Acquisitions
Stilonn Valves and Controls Private Limited (51% stake)
Acquisition completed on October 23, 2026 through Aeroflex Neu Limited in two tranches
Company founded in 2014, manufactures precision engineering products including butterfly valves, ball valves, check valves
Products used in high-growth AI infrastructure, data centers, pharmaceutical and healthcare sectors
Two manufacturing units in Maharashtra
Strategic rationale: Strengthening valve capabilities and building engineering ecosystem for AI infrastructure
Aerolex Cables Private Limited (55% stake)
Board approval received on October 30, 2026 through Aeroflex Neu Limited
Company founded in 2005, manufacturer and exporter of specialized wires, cables and conductors
Product portfolio includes drinking water certified PVC and rubber submersible pump cables, welding cables, battery cables, power and control cables, earthing conductors
Applications across data centers, water management, industrial equipment, renewable energy, automotive and electrical infrastructure
Manufacturing facility in Ahmedabad, Gujarat
Strategic rationale: Expanding certified capabilities and entering data center markets
Manufacturing and global export of flexible flow solutions including braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, and various hose assemblies
Key developments:
Signed long-term agreement with listed US corporation (market cap ~USD 141 billion) to supply liquid cooling solutions for data centers
Received major orders for advanced flow control components for high-performance liquid cooling systems
Proposed merger with Hyd-Air Engineering Limited
Financial Performance (Aeroflex Industries)
Q2 FY27 Total Income: ₹207.68 crore (87.01% YoY growth)
Q2 FY27 PAT: ₹36.56 crore (156.85% YoY growth)
H1 FY27 Total Income: ₹353.66 crore (80.70% YoY growth)
Operational metrics: 4 manufacturing plants, 29 R&D team members, 20Mn meters stainless-steel flexible hoses capacity, 12,000 skids per annum, presence in 90+ countries
Aeroflex Neu Limited (Innovative Packaging)
32-year legacy in bulk packaging & polymer industry
