Key Financial Highlights - Consolidated Q1 FY27

Total Income: ₹333.16 Cr, representing 134.55% YoY growth from ₹142.04 Cr in Q1 FY26

EBITDA: ₹161.43 Cr, showing 525.36% YoY growth from ₹25.81 Cr in Q1 FY26. This includes proceeds from sale of AEL's stake in MRO

Operational EBITDA (excluding MRO sale proceeds and non-recurring expense): ₹35.01 Cr, with 35.63% YoY growth from ₹25.81 Cr in Q1 FY26

Operational EBITDA Margin: 10.51% vs 18.17% in Q1 FY26 (766 bps decline)

PAT: ₹103.22 Cr, showing 615.76% YoY growth from ₹14.42 Cr in Q1 FY26

PAT Margin: 30.98% vs 10.15% in Q1 FY26 (2,083 bps improvement)

Cash PAT: ₹112.26 Cr, showing 417.46% YoY growth from ₹21.69 Cr in Q1 FY26

Cash PAT Margin: 33.69% vs 15.27% in Q1 FY26 (1,842 bps improvement)

Diluted EPS: ₹8.53

Key Financial Highlights - Standalone Q1 FY27

Total Income: ₹156.77 Cr, representing 4,290.13% YoY growth from ₹3.57 Cr in Q1 FY26

EBITDA: ₹131.18 Cr, showing 6,670.71% YoY growth from ₹1.94 Cr in Q1 FY26

EBITDA Margin: 83.68% vs 54.26% in Q1 FY26

PAT: ₹91.32 Cr, showing 2,961.09% YoY growth from ₹2.98 Cr in Q1 FY26

PAT Margin: 58.25% vs 83.54% in Q1 FY26

Cash PAT: ₹91.40 Cr, showing 2,879.67% YoY growth from ₹3.07 Cr in Q1 FY26

Cash PAT Margin: 58.30% vs 85.90% in Q1 FY26

Diluted EPS: ₹8.06

Strategic Divestment - MRO Exit

Transaction Details: On April 30, 2026, AEL divested its 68% stake in M.R. Organisation (MRO) to Ingersoll-Rand Industrial US, Inc. for ₹227.42 Cr (subject to customary closing conditions)

Investment Timeline: AEL held the investment for approximately 21 months, achieving ~3x multiple and ~107% XIRR

Investment History:

  • July 2024: AEL acquired 51% stake in MRO
  • May 2025: MRO acquired 51% in Madhura Compressors
  • June 2025: MRO USA acquired 51% in ABP Impex, Portugal
  • July 2025: AEL acquired additional 13% stake in MRO
  • April 2026: AEL acquired additional 4% stake in MRO, increasing total holding to 68%
  • April 2026: MRO acquired remaining 49% in Madhura Compressors

MRO Business Profile: Global compressed air business with presence in 100+ countries and 2,000+ workforce

Corporate Structure: MRO Group included MRO USA LLC, MRO Europe BV, Standard Air UK, Madhura Compressors, and ABP Impex Portugal

Strategic Investment - Stilonn Valves

Transaction Details: On May 22, 2026, Aeroflex Neu Limited acquired 19.58% stake in Stilonn Valves and Controls Private Limited

Business Description: Stilonn is a sanitary valves manufacturer founded in 2014, specializing in high precision sanitary valves for dairy, food, beverage, pharmaceutical, and cosmetic industries

Product Portfolio: Sanitary butterfly valves, sanitary ball valves, sanitary check valves, sanitary sight glasses, sanitary unions, sanitary three-way ball valves, bottom valves

Manufacturing Facility: Located in Kherdi MIDC, Maharashtra, India

Strategic Rationale: Strengthens valve capabilities, adds specialized valve manufacturing, expands product depth across critical industrial applications, and enables cross-selling opportunities

Subsidiary Performance - Aeroflex Industries Limited

Q1 FY27 Performance:

  • Revenue from Operations: ₹145.38 Cr vs ₹84.33 Cr in Q1 FY26
  • Total Income: ₹145.97 Cr, showing 72.41% YoY growth
  • EBITDA: ₹33.49 Cr, showing 116.38% YoY growth
  • EBITDA Margin: 23.04% vs 18.35% in Q1 FY26 (468 bps improvement)
  • PAT: ₹18.79 Cr, showing 162.22% YoY growth
  • PAT Margin: 12.87% vs 8.46% in Q1 FY26 (441 bps improvement)
  • Cash PAT: ₹26.64 Cr, showing 103.42% YoY growth
  • EPS: ₹1.42

Business Update:

  • Signed long-term agreement with listed U.S. corporation (market cap ~USD 141 billion) to supply liquid cooling solutions for data centers
  • Received major orders for advanced flow control components used in high-performance liquid cooling systems
  • Received ASME certification under Boiler and Pressure Vessel Code
  • Participated in World Data Center Exhibition, USA (April 2026)

Subsidiary Performance - Aeroflex Neu Limited

Q1 FY27 Performance:

  • Revenue from Operations: ₹28.24 Cr vs ₹29.70 Cr in Q1 FY26
  • Total Income: ₹28.91 Cr, showing -7.23% YoY decline
  • EBITDA: ₹1.63 Cr, showing -25.10% YoY decline
  • EBITDA Margin: 5.65% vs 6.99% in Q1 FY26 (135 bps decline)
  • PAT: ₹0.08 Cr, showing -89.62% YoY decline
  • PAT Margin: 0.29% vs 2.60% in Q1 FY26 (231 bps decline)

Business Update:

  • Received BRC audit certification enabling supply to food, pharma & beverage industry
  • Entered into Share Purchase Agreement for sale of 51.01% stake in subsidiary Fibcorp Polyweave Private Limited
  • Total consolidated capacity: 7,920 MTPA of Aeroflex Neu + 1,200 MTPA of Fibcorp

5-Year Financial Performance (Consolidated)

Total Income CAGR: 29% (from ₹205.10 Cr in FY21 to ₹726.10 Cr in FY26)

Operating EBITDA CAGR: 42% (from ₹26.16 Cr in FY21 to ₹149.81 Cr in FY26)

PAT CAGR: 55% (from ₹9.44 Cr in FY21 to ₹85.33 Cr in FY26)

Cash PAT CAGR: 52% (from ₹15.67 Cr in FY21 to ₹118.29 Cr in FY26)