Aeroflex Enterprises LimitedQ1 FY27 Results & Financial Update
Aeroflex Enterprises Limited: Q1 FY27 consolidated results and company financials – revenue ₹189.00 Cr, PAT ₹103.22 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Aeroflex Enterprises price & chart
Market priceLoading…
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Aeroflex Enterprises Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Aeroflex Enterprises reported a consolidated total income of ₹333.16 crore for the quarter ended June 30, 2026, driven by a combination of operational revenue from its underlying subsidiaries and substantial capital gains from portfolio rationalization.
The most significant corporate development during Q1 FY27 was the completion of the strategic exit from M.R. Organisation (MRO). On April 30, 2026, the company transferred and sold its entire 68% equity stake in MRO to Ingersoll-Rand Industrial US, Inc. for a total cash consideration of ₹227.42 crore.
Because MRO was consolidated for only one month prior to the divestment effective April 30, 2026, its top-line contribution in Q1 FY27 was abbreviated. Operational EBITDA (excluding the MRO stake sale proceeds and non-recurring items) stood at ₹35.01 crore with an operational EBITDA margin of 10.51% based on total income.
The innovative packaging division under Aeroflex Neu delivered ₹28.24 crore in operating revenue, while maintaining export reach across more than 30 countries and securing BRC audit certification to target high-end food, pharmaceutical, and beverage packaging markets.
Capital allocation activity during the quarter also included a strategic investment on May 22, 2026, wherein subsidiary Aeroflex Neu acquired a 19.58% equity stake in Stilonn Valves and Controls Private Limited, a manufacturer of high-precision sanitary valves.
Aeroflex Enterprises Limited reported a consolidated total income of ₹333.16 crore for the quarter ended June 30, 2026, marking a substantial expansion driven significantly by corporate actions and strategic portfolio monetization during the period.
01 · Business model
What does Aeroflex Enterprises do?
Aeroflex Enterprises Limited (formerly Sat Industries Limited) operates as a dynamic, diversified industrial holding and incubator company. It oversees a portfolio of operating subsidiaries and strategic investments spanning knowledge-based manufacturing, innovative packaging, fintech lending, and startup investments across global markets.
The company's primary operating engines include Aeroflex Industries Limited, a manufacturer and global exporter of flexible flow solutions such as stainless steel braided hoses, unbraided hoses, and vacuum hoses; and Aeroflex Neu Limited (formerly Sah Polymers Limited), which produces FIBC bulk bags and polymer packaging through subsidiaries like Fibcorp Polyweave.
In addition to manufacturing operations, the group manages Aeroflex Finance Private Limited, a registered non-deposit-taking NBFC extending working capital and expansion loans to MSMEs, alongside an extensive portfolio of startup investments and strategic equity holdings spanning industrial technology and sustainability sectors.
02 · Historical context
What shaped the business before this quarter
Aeroflex initially acquired a 51% stake in MRO in July 2024, subsequently scaling its holding through follow-on acquisitions to 68% before executing the full strategic exit to Ingersoll-Rand in April 2026 in approximately 21 months.
On April 2, 2024, subsidiary Aeroflex Industries acquired Hyd-Air Engineering to integrate flow control assemblies into critical industries such as railways, shipbuilding, and heavy engineering.
The parent entity transitioned from Sat Industries Limited to Aeroflex Enterprises Limited to better reflect its consolidated focus on high-growth engineering, packaging, and incubation verticals.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹189.00 Cr |
| Total income | ₹333.16 Cr |
| Profit before tax | ₹151.06 Cr |
| Profit after tax | ₹103.22 Cr |
| EPS | ₹8.53 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations of ₹189.00 crore was anchored primarily by Aeroflex Industries (₹145.38 crore), Aeroflex Neu (₹28.24 crore), and one month of consolidated operations from MRO prior to its April 30 divestment.
Other income surged to ₹144.17 crore for Q1 FY27, heavily augmented by the proceeds and capital gain arising from the transfer of the 68% stake in MRO to Ingersoll-Rand.
Aeroflex Industries generated ₹145.38 crore in operational revenue during the quarter, supported by demand for braided and unbraided flexible flow solutions across international markets.
What drove margins
Operational EBITDA for Q1 FY27 stood at ₹35.01 crore, reflecting an operational margin of 10.51% on total income, as input material costs (₹106.72 crore) and employee and other overheads tempered underlying manufacturing margins following the MRO deconsolidation.
The inclusion of sale proceeds from the MRO divestment significantly lifted profitability metrics, resulting in a reported PAT margin of 30.98% and a PBT margin of 45.06% for the consolidated entity.
The successful exit from MRO at a ~3x multiple over its holding period generated exceptional gains, lifting the consolidated PAT margin to 30.98% for Q1 FY27.
05 · Demand, customers & order book
Where demand is coming from
Aeroflex Industries signed a long-term agreement with a listed U.S. corporation (market cap approx. USD 141 billion) to supply liquid cooling solutions and advanced flow control components for high-performance data centre AI infrastructure.
Flow control and engineering subsidiaries supply major institutional and industrial clients including Mazagon Dockyard, SAIL, BHEL, JSW, and ArcelorMittal.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Generated ₹145.38 crore in operating revenue and ₹18.79 crore in PAT during Q1 FY27, backed by a production capacity of 17.5 million meters, 3,300+ SKUs, and newly secured ASME certification under the Boiler and Pressure Vessel Code.
Aeroflex Industries reported total income of ₹145.97 crore and an EBITDA of ₹33.49 crore for Q1 FY27, backed by a production capacity of 17.5 million meters and over 3,300 SKUs.
Aeroflex Neu Limited (formerly Sah Polymers) recorded total income of ₹28.91 crore and an EBITDA of ₹1.63 crore, operating with a consolidated manufacturing capacity of 9,120 MTPA.
Geography and market mix
The group maintains a commercial presence across more than 100 countries, with Aeroflex Neu exporting packaging products to over 30 nations and Aeroflex Industries serving clients across 90+ countries.
The consolidated group maintains an active commercial presence across more than 100 countries, with export markets accounting for 62% of revenue within the packaging division.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Aeroflex Industries operates facilities in Taloja (Navi Mumbai), Lodha-Palava (Thane), and Chakan (Pune) with an aggregate production capacity of 17.5 million meters of flexible flow solutions and 9,000 skid assemblies per annum.
Aeroflex Neu and its subsidiary Fibcorp Polyweave operate an aggregate consolidated bulk packaging capacity of 9,120 MTPA across domestic manufacturing locations.
Projects, capex and execution
Subsidiaries continued capital expenditure towards standard operating procedure upgrades, precision machinery, and quality certifications to capture high-margin export opportunities.
Aeroflex Industries secured ASME certification under the Boiler and Pressure Vessel Code to validate manufacturing standards for pressure-retaining systems supporting high-performance liquid cooling applications.
08 · Strategy & new businesses
How the company is trying to change its growth mix
On May 22, 2026, Aeroflex Neu acquired a 19.58% stake in Stilonn Valves and Controls Private Limited, a Kherdi MIDC-based manufacturer of high-precision sanitary valves and fittings, expanding the group's critical engineering ecosystem.
Aeroflex Neu entered into a Share Purchase Agreement (SPA) to divest its 51.01% stake in subsidiary Fibcorp Polyweave Private Limited, aligning with ongoing portfolio optimization.
The incubator portfolio expanded with a new investment in Brisil Technologies during Q1 FY27, bringing total startup investments to 169. Brisil utilizes a proprietary chemical process to produce sustainable silica from rice husk ash.
09 · Reported developments
What changed operationally
Completed the sale of a 68% stake in MRO to Ingersoll-Rand Industrial US, Inc. for ₹227.42 crore, delivering an approximate 3x multiple and ~107% XIRR in under two years of ownership.
The divestment of MRO for ₹227.42 crore demonstrated the effectiveness of the group's incubator model, achieving a ~3x multiple and ~107% XIRR over a 21-month holding period.
10 · Items worth noticing
The line items that can distort a quick read
Consolidated other income and profit figures for Q1 FY27 include the substantial capital gain arising from the transfer and sale of the company's 68% stake in M.R. Organisation (MRO) to Ingersoll-Rand for ₹227.42 crore on April 30, 2026.
Consolidated other income for Q1 FY27 includes ₹144.17 crore attributable to proceeds and capital gains from the sale of the company's stake in MRO.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Fintech NBFC Operations
Subsidiary Aeroflex Finance Private Limited operates as a Type-II non-deposit-taking NBFC registered with the RBI, partnering with fintech platforms such as Vartis Platforms (formerly LenDenClub) and FinAGG to extend MSME loans.
Reported update
BRC Audit Certification
Aeroflex Neu received BRC audit certification during the quarter, clearing the regulatory path to supply high-end FIBC products to the food, pharmaceutical, and beverage industries.
12 · Key Q&A
The quarter, answered directly
What does Aeroflex Enterprises do?
Aeroflex Enterprises Limited (formerly Sat Industries Limited) operates as a dynamic, diversified industrial holding and incubator company. It oversees a portfolio of operating subsidiaries and strategic investments spanning knowledge-based manufacturing, innovative packaging, fintech lending, and startup investments across global markets.
What is the clearest takeaway from Q1 FY27?
Aeroflex Enterprises reported a consolidated total income of ₹333.16 crore for the quarter ended June 30, 2026, driven by a combination of operational revenue from its underlying subsidiaries and substantial capital gains from portfolio rationalization.
What drove revenue or demand?
Consolidated revenue from operations of ₹189.00 crore was anchored primarily by Aeroflex Industries (₹145.38 crore), Aeroflex Neu (₹28.24 crore), and one month of consolidated operations from MRO prior to its April 30 divestment.
What mattered most for margins or profitability?
Operational EBITDA for Q1 FY27 stood at ₹35.01 crore, reflecting an operational margin of 10.51% on total income, as input material costs (₹106.72 crore) and employee and other overheads tempered underlying manufacturing margins following the MRO deconsolidation.
What changed operationally beyond the headline numbers?
Aeroflex Industries operates facilities in Taloja (Navi Mumbai), Lodha-Palava (Thane), and Chakan (Pune) with an aggregate production capacity of 17.5 million meters of flexible flow solutions and 9,000 skid assemblies per annum.
What should the next disclosure help confirm?
Monitor operational synergies and cross-selling progress following the acquisition of a 19.58% stake in Stilonn Valves and Controls.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Stilonn Integration Progress: Monitor operational synergies and cross-selling progress following the acquisition of a 19.58% stake in Stilonn Valves and Controls.
- 02
Fibcorp Divestment Conclusion: Track the formal completion and financial settlement of the SPA regarding the divestment of Aeroflex Neu's 51.01% stake in Fibcorp Polyweave.
- 03
Data Centre Contract Execution: Observe order intake and delivery milestones under the long-term liquid cooling agreement with the U.S. partner for AI infrastructure.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.