Aeroflex Industries Ltd. · NSE:AEROFLEX
Aeroflex Industries — Q2 FY27 Earnings Presentation
33 slides from Aeroflex Industries's earnings presentation, Oct 28, 2026
Slide 1: Cover letter to stock exchanges
October 28, 2026 To, To, The General Manager, The Listing Department. Department of Corporate Services, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C-1, Block G P.J. Towers, Dalal Street, Bandra Kurla Complex Mumbai – 400001 Bandra (E), Mumbai – 400 051 Scrip Code: 543972 T
Slide 2: Aeroflex Industries Limited – Investor Presentation October 2026
Aeroflex Industries Limited Engineering the next intelligence Investor Presentation – October 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aeroflex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe to any se
Slide 4: Q2 & H1 FY27 Performance Highlights
Q2 & H1 FY27 Performance Highlights 3
Slide 5: Highest ever financial performance (Consolidated)
Highest ever financial performance (Consolidated) Total Income EBITDA EBITDA Margin PAT Rs 207.68 Crs Rs 50.34 Crs 24.27% Rs 36.56 Crs Q2FY27 (+87% YoY) (+94% YoY) (+93 bps YoY) (+157% YoY) Rs 353.66 Crs Rs 83.83 Crs 23.77% Rs 55.35 Crs H1FY27 (+81% YoY) (+103% YoY) (+258 bps YoY) (+159% YoY) 4
Slide 6: Key Highlights
Key Highlights • Delivered the highest-ever quarterly performance, with quarterly revenue crossing the Rs 200 Crs milestone for the first time • EBITDA margin improved by 93 bps YoY to 24.27% in Q2FY27, driven by higher contribution from high-value products and improved operating leverage. • Effecti
Slide 7: MD’s Commentary
MD’s Commentary Commenting on the performance, Managing Director Mr. Asad Daud stated, “We are pleased to deliver our highest-ever quarterly and half-yearly performance, with quarterly revenue crossing Rs 200 Crs for the first time, reflecting strong execution and sustained demand across our product
Slide 8: Key Operational Highlights - Consolidated
Key Operational Highlights - Consolidated Product Segment Domestic : Export Mix 25% 24% 48% 47% + 40% YoY 59% + 52% YoY 60% Absolute Revenue 74% 73% Absolute Revenue 34% 35% Growth Growth + 44% YoY + 178% YoY 52% 53% 40% 41% 41% 41% 27% Absolute Revenue Absolute Revenue 26% Growth Growth Q2FY26 Q2FY
Slide 9: Reported Consolidated Profit & Loss Statement
Reported Consolidated Profit & Loss Statement Quarterly Y-o-Y Performance Q-o-Q Performance Half Yearly Y-o-Y Performance Profit & Loss (Rs Crs) Q2FY27 Q2FY26 YoY Q1FY27 QoQ H1FY27 H1FY26 YoY Revenue from operations 207.36 110.87 145.38 352.74 195.21 Other income 0.32 0.18 0.60 0.92 0.51 Total Incom
Slide 10: Illustrative Impact of Change in Depreciation Method: SLM vs WDV
Illustrative Impact of Change in Depreciation Method: SLM vs WDV As per SLM Method (Current) As per WDV Method (Previous) Profit & Loss (Rs Crs) Q2FY27 Q1FY27 H1FY27 Q2FY27 Q1FY27 H1FY27 Revenue from operations 207.36 145.38 352.74 207.36 145.38 352.74 Other income 0.32 0.60 0.92 0.32 0.60 0.92 Tota
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs Crs) Sept-26 Mar-26 Equity & Liabilities (Rs Crs) Sept-26 Mar-26 Non - Current Assets 324.33 242.30 Total Equity 497.42 447.27 Property plant & equipment 215.27 203.85 Share capital 26.47 26.47 CWIP 73.48 23.10 Other equity 470.96 420.81 Goodwill 1.27 1.27 Non -
Slide 12: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs Crs) Sept-26 Sept-25 Net profit before tax 75.50 29.42 Adjustments for: non-cash Items / other investment or financial items 10.11 11.98 Operating profit before working capital changes 85.60 41.40 Changes in working capital (29.22) (6.23) Cash generat
Slide 13: Reported Standalone Profit & Loss Statement
Reported Standalone Profit & Loss Statement Quarterly Y-o-Y Performance Q-o-Q Performance Half Yearly Y-o-Y Performance Profit & Loss (Rs Crs) Q2FY27 Q2FY26 YoY Q1FY27 QoQ H1FY27 H1FY26 YoY Revenue from operations 202.06 101.76 139.01 341.07 180.94 Other income 0.49 0.18 0.76 1.25 0.51 Total Income
Slide 14: Accelerating Capacity Expansion to address Strong Demand
Accelerating Capacity Expansion to address Strong Demand Q2FY27 Q3FY27 End of FY28E Current Annual Expanded Annual Expanded Annual Capacity Expansion Capacity Capacity (By end of FY28E) SS Flexible Hoses 1.5x 20 Mn Metres 20 Mn Meters 30 Mn Metres Liquid Cooling Skid Assemblies 2.5x 12,000 pieces 15
Slide 15: Received Patent for Automated 3D CAD Modelling of Hose Assemblies
Received Patent for Automated 3D CAD Modelling of Hose Assemblies Company has recently been granted an Indian patent for its innovative “System and Method for Automatically Generating 3D Computer-Aided Models of Braided Hose Assemblies.” Automates 3D computer aided modelling of braided hose assembli
Slide 16: Track Record of Consistent and Profitable Growth
Track Record of Consistent and Profitable Growth Total Income (Rs Crs) EBITDA (Rs Crs) & Margins# PAT (Rs Crs) & Margins 20% 19% 21% 23% 24% 11% 13% 14% 13% 16% +18% 443.3 +23% 378.8 +24% 353.7 99.7 52.5 55.5 55.4 321.8 83.8 79.1 41.7 269.5 61.8 52.9 30.1 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY
Slide 17: Proposed Merger of Hyd-Air Engineering Limited
Proposed Merger of Hyd-Air Engineering Limited* Proposed merger of Hyd-Air Engineering with Aeroflex Industries will strengthen operational integration, enhance scalability and position the Company to capitalise on future growth opportunities Leverage Existing Infrastructure Optimise Resource Alloca
Slide 18: Data Centers: Liquid Cooling Segment
Data Centers: Liquid Cooling Segment 17
Slide 19: Aeroflex’s Liquid Cooling Skid Business
Aeroflex’s Liquid Cooling Skid Business Liquid Cooling Skid Assemblies Sales Volume Average Price Value Period (Skid) per skid* (Rs Crs) Q2FY27 1,475 3,39,196 50.03 Q1FY27 1,040 3,11,459 32.39 Q4FY26 571 3,31,763 18.94 Q3FY26 46 4,98,861 2.29 *Selling price of a skid typically ranges between Rs 1,10
Slide 20: Participated in Tech Week, Singapore – September’26
Participated in Tech Week, Singapore – September’26 Showcased advanced flexible flow solutions for data center liquid cooling applications at Tech Week Singapore, strengthening our engagement with global players 19
Slide 21: Capitalising Opportunities in Liquid Cooling Infrastructure
Capitalising Opportunities in Liquid Cooling Infrastructure MEGATREND INDUSTRY SHIFT MARKET OPPORTUNITY COMPANY’S ROLE VALUE CREATION AI & High-Density Shift to High Growth Market Critical Fluid Transfer Sustainable Computing Liquid Cooling Solutions Growth Global Liquid Direct-to-Chip Cooling Marke
Slide 22: Hyperscale Data Centers: Multi-Decade Opportunity Globally
Hyperscale Data Centers: Multi-Decade Opportunity Globally INDIA – ANNOUNCED DATA CENTER PIPELINE IN NEXT 5 YEARS GLOBAL ANNOUNCED AI DATA CENTER PROJECTS 9+ GW Announced Development Pipeline led by Reliance Jio, Adani, TCS, CapitaLand, Nxtra, STT GDC India, CtrlS, Yotta and other major players Indi
Slide 23: Diversified Product Portfolio
Diversified Product Portfolio 22
Slide 24: Diversified Product Portfolio
Diversified Product Portfolio Stainless-Steel Assemblies & Liquid Cooling Solutions Metal Bellows Flexible Hoses Fittings ▪ Seam-welded stainless- ▪ Plug and Play hose units ▪ End to end Secondary Made from stainless steel, steel tubes with hydro- with welded/soldered end Fluid Network (SFN) nickel
Slide 25: Company Overview
Company Overview 24
Slide 26: Leading Manufacturer of Flow Control Solutions
Leading Manufacturer of Flow Control Solutions Leading manufacturer of flow control solutions with a Customised growing presence in high-value liquid cooling systems for 28 years 1,167 Solution provider for next-generation AI data centers high end applications Of industry leadership Workforce • Esta
Slide 27: State of the Art Infrastructure
State of the Art Infrastructure Annual Capacity 20 meters million 12,000 Liquid Cooling World-class facilities that leverage precision Hoses Skid Assemblies engineering and advanced technology to deliver durable, high-quality flow solutions. Strategically located Near JNPT Port Key Certifications Ke
Slide 28: Wherever There's Critical Flow, Aeroflex Leads the Way
Wherever There's Critical Flow, Aeroflex Leads the Way Traditional Sectors New Emerging Sectors Steel and Metal Oil & Gas Data Centers Robotics & Automation Semiconductors Petrochemicals Hydrogen Electric Mobility HVAC Bulk Terminal Handling Chemicals, Food & Paper & Pulp Fire Sprinklers & Firefight
Slide 29: Innovation & Strong R&D led Business
Innovation & Strong R&D led Business ✓ State of the art R&D facility driving product innovation, engineering excellence 29 NABL- and customised solutions Qualified R&D accredited professionals R&D laboratory ✓ R&D has been the backbone of Aeroflex’s growth and product innovation, enabling a diverse
Slide 30: Digital Transformation Initiatives
Digital Transformation Initiatives Aeroflex is building a connected digital backbone across its operations — integrating SAP ERP and Salesforce CRM to unify production, sales and customer data into a single source of truth. ERP Transformation CRM Transformation • Integrated SAP ERP unifying finance,
Slide 31: Responsible Corporate
Responsible Corporate Sustainability integrated across the operations Use of Non-emitting Technology & Recycled Consumables • Green process with negligible use of fossil fuels • The production technologies are zero emission • 100% recycling of water with an in-house water treatment plant • Use of pa
Slide 32: CSR Activities – Reconstruction of Ashadham
CSR Activities – Reconstruction of Ashadham Company undertakes its CSR initiatives through the SAT Foundation, which serves as the dedicated implementation arm for planning, executing, and monitoring the Company’s social responsibility programs. Reconstructed Ashadham, a dedicated facility for the c
Slide 33: Thank You
Company Details: Aeroflex Industries Limited CIN - L27509MH1993PLC074576 Email: investor.relations@aeroflexindia.com Investor Relations Advisors: Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Ms. Shaily Patwa / Mr. Shrikant Sangani shaily.p@sgapl.net / shrikant.sangani@sgapl.net +9