Aeroflex Industries Ltd
Aeroflex Industries Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #13 of 100 in Industrial Products
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The short version
Large customers continue placing orders; next calendar year discussions indicate higher business than the current year. - Liquid cooling division expected to significantly contribute to growth over the next 2-3 years. - Post tariff rationalization, U.S. Mid- to high-teens CAGR growth expected over the next few years, particularly from 2027 onwards, driven by tariff improvements and increased demand. - Significant revenue growth anticipated from Hyd-Air’s expanding capacity and orders, with H1 FY26 showing INR15 crores sales vs.
From Aeroflex Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Large customers continue placing orders; next calendar year discussions indicate higher business than the current year.
- Liquid cooling division expected to significantly contribute to growth over the next 2-3 years.
- Post tariff rationalization, U.S. market contribution (currently ~40-45% of exports) expected to increase.
- Mid- to high-teens CAGR growth anticipated over the next few years, especially from 2027 onwards.
- Expansion plans underway for Hyd-Air and liquid cooling segments, with capacity ramp-ups expected in phases post-March 2026.
- Hose division capacity to increase to 20 million meters per annum; miniature metal bellows expected annual revenue of INR 25-30 crores at peak utilization.
2 more points from Aeroflex Industries Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Total capex budgeted in January 2025: INR 77 crores
- INR 54 crores for hose division
- INR 23 crores for miniature metal bellows division
- Capex progress till Q2 2025:
- Hose division: INR 19.74 crores spent
- Miniature metal bellows: INR 6.08 crores spent
- Capex expected completion: By March 2026
- Capacity and revenue potential post-capex:
- Hose division capacity expected to reach 20 million meters per annum
- Miniature metal bellows expected to generate annual revenue of INR 25-30 crores
- Hose division potential revenue at peak utilization around INR 650-670 crores
2 more points from Aeroflex Industries Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Aeroflex Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Aeroflex has already received orders for the cooling product worth approximately INR16 crores (two orders of about INR8 crores each).
- Discussions for next calendar year orders have started with many customers, with expectations of significant business growth compared to the current year.
- Bellows division currently holds about INR2-2.5 crores in orders from Europe, Canada, and South America.
- The company has ongoing and expected capacity expansions to meet increasing demand, such as miniature metal bellows and hose assembly capex.
2 more points from Aeroflex Industries Ltd's call on order book
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Aeroflex Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹207 Cr, net profit ₹37 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Aeroflex's management said in earlier quarters
Others in Industrial Products this season
- Lead Reclaim and Rubber Products Ltd (Q2 FY26)
Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim
- Shubhshree Biofuels Energy Ltd (Q2 FY26)
Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —
- De Neers Tools Ltd (Q2 FY26)
H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.
- WOL 3D India Ltd (Q2 FY26)
Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Aeroflex Industries Ltd Q2 FY26 results?
Large customers continue placing orders; next calendar year discussions indicate higher business than the current year. - Liquid cooling division expected to significantly contribute to growth over the next 2-3 years. - Post tariff rationalization, U.S. Mid- to high-teens CAGR growth expected over the next few years, particularly from 2027 onwards, driven by tariff improvements and increased demand. - Significant revenue growth anticipated from Hyd-Air’s expanding capacity and orders, with H1 FY26 showing INR15 crores sales vs.
What is Aeroflex Industries Ltd share price analysis?
Aeroflex Industries Ltd currently shows a neutral. The stock trades at a P/E of 89.9 with a market cap of ₹6,034 Cr. Investors should review the full earnings analysis for detailed insights.
Is Aeroflex Industries Ltd planning capital expenditure?
Total capex budgeted in January 2025: INR 77 crores - INR 54 crores for hose division - INR 23 crores for miniature metal bellows division - Capex progress till Q2 2025: - Hose division: INR 19
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.