| Q2 Revenue | ₹207.36 Cr87% YoY Growth |
|---|---|
| Net Profit | ₹36.56 Cr157% YoY Growth |
| EBITDA Margin | 23.77%H1 FY27 vs 21.19% |
| PE TTM | 72.8Sector PE 16.67 |
Key highlights
- Quarterly revenue grew 87% YoY to ₹207.36 crore in Q2 FY27
- Net profit surged 156.8% YoY to ₹36.56 crore with expanded margins
- Management upgraded FY27 revenue growth guidance to 60%, up from the previous 35%
- Liquid cooling vertical now contributes 24% of total revenue in H1 FY27
- Announced ₹202 crore capex to double cooling skid capacity to 30,000 units by 2028
- Board approved merger of subsidiary Hy-Lok Engineering to enhance operational efficiency
Record Performance Driven by AI Data Center Pivot
Aeroflex Industries has crossed a significant financial threshold in Q2 FY27, reporting a record total income of ₹207.68 crore, representing an 87% increase compared to the same period last year. This growth was largely driven by the company's strategic transition into the high-performance data center infrastructure market. Net profit for the quarter rose 156.8% YoY to ₹36.56 crore, while H1 FY27 EBITDA margins expanded to 23.77%, up from 21.19% in the previous year.
Management noted that the successful scaling of liquid cooling skid assemblies, which offer higher value than traditional hose products, has significantly enhanced the company's bottom-line performance.
Strategic Focus on Liquid Cooling and Global OEMs
- The liquid cooling vertical contributed 24% of total revenue during H1 FY27.
- Transitioned from a hose provider to an integrated liquid cooling skid solutions provider.
- Currently engaging with a large US multinational for international data center supply.
- Granted a patent for a 3D CAD automated modeling system for braided hose assemblies.
- Specialized solutions target high-growth hyperscalers and cloud service providers.
- Diversified customer base now spans global AI and High-Performance Computing infrastructure.
Management Upgrades Growth Guidance
We are pleased to report our best-ever results with a quarterly revenue crossing 200 crores milestone for the first time ever. This achievement reflects sustained growth momentum across all our verticals and supported by strong demand for our core products and increasing traction in the liquid cooling vertical.
₹202 Crore Expansion and Efficiency Plans
Following the strong demand visibility, management has upgraded its FY27 full-year revenue growth guidance to 60%, a sharp increase from the 35% guided earlier in May 2026. To support this growth, the company announced a ₹202 crore capital expenditure plan. This investment will increase stainless steel flexible flow solution capacity to 30 million meters per annum and double liquid cooling skid capacity to 30,000 units by March 2028.
Furthermore, the merger of subsidiary Hy-Lok Engineering is expected to reduce administrative costs and streamline corporate structure, positioning the company to reach a revenue target of ₹1,500 crore by FY30.
| Date | Announcement | Amount |
|---|---|---|
| 28 Oct 2026 | Q2 FY27 unaudited consolidated revenue from operationsSource: livemint.com | ₹207.36 Cr |
| 27 Jul 2026 | Q1 FY27 unaudited consolidated revenue from operationsSource: kalkine.co.in | ₹145.38 Cr |
| 06 May 2026 | Management guided FY27 revenue growth of ~35% and EBITDA margin of ~23% on Q4 FY26 earnings callSource: scanx.trade | – |
| 05 May 2026 | Q4 FY26 audited consolidated revenue from operationsSource: scanx.trade | ₹125.84 Cr |
| 28 Jan 2026 | Q3 FY26 unaudited consolidated total incomeSource: scribd.com | ₹121.12 Cr |
What to watch next
- Scaling of liquid cooling skid capacity to 15,000 units by December 2026
- Appointment of Drashti Bhil as Chief Financial Officer effective 28 November 2026
- Completion of secondary capacity expansion to 30,000 units by March 2028
- Revenue milestone achievement towards the FY30 target of ₹1,500 crore
“The liquid cooling vertical continues to gain significant traction driven by the growing adoption of advanced cooling technologies in high-performance data centers.”
“The overall investment of 202 crores will be funded primarily through a combination of internal accruals, bridge loan financing, and equity fundraise if required.”
| Share price | ₹492.25 |
|---|---|
| Market capitalisation | ₹6,513.98 Cr |
| Revenue (annual) | ₹441.94 Cr |
| Net profit (annual) | ₹55.53 Cr |
| Revenue (latest quarter) | ₹207.36 Cr+42.64% vs previous quarter |
| Net profit (latest quarter) | ₹36.56 Cr+94.54% vs previous quarter |
| P/E (TTM) | 72.8×Sector 16.67× |
| Promoter holding | 65.47%0.00% QoQ |
| FII holding | 3.93%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Earnings call transcript and investor presentation filed by Aeroflex Industries for the quarter ended September 30, 2026. Market figures from a third-party data provider.
