Integrated Filing — IndAS



General information about company

Scrip Code 511076
NSE Symbol AEROENTER
MSEI Symbol NOTLISTED
ISIN INE065D01027
Name of company AEROFLEX ENTERPRISES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 13-11-2025   15:30:00
End date and time of board meeting 13-11-2025   16:39:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 17,234.97 30,682.88
Other income 804.00 1,560.20
Total income 18,038.97 32,243.08
2 Expenses
(a) Cost of materials consumed 10,258.07 18,297.77
(b) Purchases of stock-in-trade 552.30 814.90
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,289.50) (1,844.89)
(d) Employee benefit expense 1,900.26 3,496.18
(e) Finance costs 124.49 250.14
(f) Depreciation, depletion and amortisation expense 778.87 1,506.12
(f) Other Expenses
1 Other expenses 2,850.19 5,130.04
Total other expenses 2,850.19 5,130.04
Total expenses 15,174.68 27,650.26
3 Total profit before exceptional items and tax 2,864.29 4,592.82
4 Exceptional items (32.23) (32.23)
5 Total profit before tax 2,832.06 4,560.59
6 Tax expense
7 Current tax 788.55 1,074.96
8 Deferred tax 0.00 0.00
9 Total tax expenses 788.55 1,074.96
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,043.51 3,485.63
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,043.51 3,485.63
17 Other comprehensive income net of taxes (35.48) (22.49)
18 Total Comprehensive Income for the period 2,008.03 3,463.14
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1,396.73 2,415.34
Total profit or loss, attributable to non-controlling interests 646.78 1,070.29
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1,561.97 2,392.85
Total comprehensive income for the period attributable to owners of parent non-controlling interests 646.78 1,070.29
21 Details of equity share capital
Paid-up equity share capital 2,261.70 2,261.70
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.24 2.14
Diluted earnings (loss) per share from continuing operations 1.23 2.13
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.24 2.14
Diluted earnings (loss) per share from continuing and discontinued operations 1.23 2.13
24 Debt equity ratio 0.00 0.00
25 Debt service coverage ratio 0.00 0.00
26 Interest service coverage ratio 0.00 0.00
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 13 2025 The same have also been subjected to Limited Review by the Statutory Auditors and the Report does not have any impact on the above Results and Notes for the quarter and half year ended September 30 2025 which needs to be explained 2 Segment information as per Ind AS 108 Operating Segments is disclosed in Annexure 1 3 Exceptional item comprises of diminution in value of invesment Rs 32.23 lakhs 4 The Company further acquired 335888 equity shares of Rs 10 each of M R Organisation Limited MRO, engaged in the business of tech based last mile utility services to the end user industries on 24th July 2025 Consqequnt upon this acquisition the holding of the Company in MRO increased to 64 Percentage 5 In view of acquisitions and changes in the Companies shareholding in some of the subsidiaries the consolidated results for the current period are not strictly comparable with those of the previous period 6 The standalone financial results for the quarter and half year ended September 30 2025 are summarised below and detailed financial results are available on the Companies website www.satgroup.com and have been submitted to the BSE Limited www.bseindia.com and National Stock Exchange of India Limited www.nseindia.com where the equity shares of the Company are listed 7 These consolidated financial results are available on the Companies website viz www.satgroup.com and on the websites of BSE Limited www.bseindia.com and National Stock Exchange Limited www.nseindia.com 8 Figures for the previous periods have been re-grouped or reclassified to conform to the figures of the current periods 9 This statement is as per Regulation 33 of the SEBl Listing Obligations and Disclosure Requirements Regulations 2015



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 24,141.44
Capital work-in-progress 2,514.05
Investment property
Goodwill 6,237.41
Other intangible assets 95.54
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 2,230.99
Trade receivables, non-current
Loans, non-current 6,762.55
Other non-current financial assets 564.01
Total non-current financial assets 9,557.55
Deferred tax assets (net)
Other non-current assets 295.96
Total non-current assets 42,841.95
2 Current assets
Inventories 14,899.00
Current financial asset
Current investments 0.00
Trade receivables, current 20,089.83
Cash and cash equivalents 3,973.47
Bank balance other than cash and cash equivalents 10,287.38
Loans, current 5,692.39
Other current financial assets 452.85
Total current financial assets 40,495.92
Current tax assets (net) 28.17
Other current assets 7,375.65
Total current assets 62,798.74
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,05,640.69
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,261.70
Other equity 70,737.97
Total equity attributable to owners of parent 72,999.67
Non controlling interest 12,520.61
Total equity 85,520.28
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 554.81
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 1,932.24
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 1,932.24
Other non-current financial liabilities 1,343.50
Total non-current financial liabilities 3,830.55
Provisions, non-current 47.24
Deferred tax liabilities (net) 205.06
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 4,082.85
Current liabilities
Current financial liabilities
Borrowings, current 2,424.15
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,181.09
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 8,527.43
Total Trade payable 9,708.52
Other current financial liabilities 290.34
Total current financial liabilities 12,423.01
Other current liabilities 2,748.76
Provisions, current 174.96
Current tax liabilities (Net) 690.83
Deferred government grants, Current
Total current liabilities 16,037.56
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 20,120.41
Total equity and liabilites 1,05,640.69
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Flexible Packaging 3,306.68 6,264.41
2 Flexible Flow Solution 11,251.36 19,400.15
3 Engineering Services 2,757.39 4,906.64
4 Financing 0.0045285 0.0069461
5 Others 0.000244 0.000244
6 Exceptional item 0.00 0.00
Total Segment Revenue 17,792.68 31,290.21
Less: Inter segment revenue 557.71 607.33
Revenue from operations 17,234.97 30,682.88
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Flexible Packaging (128.79) (124.05)
2 Flexible Flow Solution 1,599.09 2,269.83
3 Engineering Services 565.10 983.22
4 Financing 377.69 421.83
5 Others 48.80 48.80
6 Exceptional item (32.23) (32.23)
Total Profit before tax 2,429.66 3,567.40
i. Finance cost 142.43 278.55
ii. Other Unallocable Expenditure net off Unallocable income (544.83) (1,271.74)
Profit before tax 2,832.06 4,560.59
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Flexible Packaging 13,635.95 13,635.95
2 Flexible Flow Solution 51,405.21 51,405.21
3 Engineering Services 10,553.88 10,553.88
4 Financing 21,461.15 21,461.15
5 Others 0.00 0.00
6 Exceptional item 0.00 0.00
Total Segment Asset 97,056.19 97,056.19
Un-allocable Assets 8,584.49 8,584.49
Net Segment Asset 1,05,640.68 1,05,640.68
4 Segment Liabilities
Segment Liabilities
1 Flexible Packaging 4,498.73 4,498.73
2 Flexible Flow Solution 10,512.53 10,512.53
3 Engineering Services 2,088.87 2,088.87
4 Financing 3,020.27 3,020.27
5 Others 0.00 0.00
6 Exceptional item 0.00 0.00
Total Segment Liabilities 20,120.40 20,120.40
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 20,120.40 20,120.40
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re- measurement gains (losses) on Shares of Securities and shares -838000 -256000
Total Amount of items that will not be reclassified to profit and loss (8.38) (2.56)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassifed to profit or loss -2710000 -1993000
Total Amount of items that will be reclassified to profit and loss (27.10) (19.93)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (35.48) (22.49)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,560.59
Adjustments for reconcile profit (loss)
Adjustments for finance costs 237.06
Adjustments for decrease (increase) in inventories (1,820.52)
Adjustments for decrease (increase) in trade receivables, current (877.07)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,581.03)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (33.24)
Adjustments for other financial assets, current (221.43)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 2,775.66
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 504.42
Adjustments for increase (decrease) in other non-current liabilities 52.21
Adjustments for depreciation and amortisation expense 1,506.12
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 560.31
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (135.18)
Adjustments for dividend income 0.00
Adjustments for interest income 487.98
Adjustments for share-based payments (25.79)
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (63.83)
Other adjustments to reconcile profit (loss) (3,446.59)
Other adjustments for non-cash items (72.99)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (3,129.87)
Net cash flows from (used in) operations 1,430.72
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,259.53
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 171.19
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 3,290.09
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 75.37
Purchase of property, plant and equipment 2,333.84
Proceeds from sales of investment property 119.47
Purchase of investment property 151.47
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 7.40
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 487.98
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 4,588.45
Net cash flows from (used in) investing activities (511.53)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 810.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 251.62
Repayments of borrowings 211.87
Payments of lease liabilities 288.61
Dividends paid 479.09
Interest paid 179.43
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (17.31)
Net cash flows from (used in) financing activities (114.69)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (455.03)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 41.87
Net increase (decrease) in cash and cash equivalents (413.16)
Cash and cash equivalents cash flow statement at beginning of period 4,386.63
Cash and cash equivalents cash flow statement at end of period 3,973.47





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Ajay Paliwal & Company Yes 31-03-2028