Integrated Filing — IndAS



General information about company

Scrip Code 543972
NSE Symbol AEROFLEX
MSEI Symbol NOTLISTED
ISIN INE024001021
Name of company Aeroflex Industries Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 28-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-10-2026
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 Single segment
Description of single segment Manufacturing of product
Start date and time of board meeting 28-10-2026   16:00:00
End date and time of board meeting 28-10-2026   17:06:00
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 20,736.29 35,273.92
Other income 32.11 91.85
Total income 20,768.40 35,365.77
2 Expenses
(a) Cost of materials consumed 11,441.67 19,864.37
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 385.97 32.75
(d) Employee benefit expense 1,803.18 3,197.40
(e) Finance costs 60.47 95.73
(f) Depreciation, depletion and amortisation expense 44.76 829.17
(f) Other Expenses
1 Other Expenses 2,071.83 3,796.45
Total other expenses 2,071.83 3,796.45
Total expenses 15,807.88 27,815.87
3 Total profit before exceptional items and tax 4,960.52 7,549.90
4 Exceptional items 0.00 0.00
5 Total profit before tax 4,960.52 7,549.90
6 Tax expense
7 Current tax 1,106.54 1,822.22
8 Deferred tax 198.05 192.45
9 Total tax expenses 1,304.59 2,014.67
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 3,655.93 5,535.23
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 3,655.93 5,535.23
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 3,655.93 5,535.23
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3,655.92 5,535.23
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 2,646.62 2,646.62
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 2.76 4.18
Diluted earnings (loss) per share from continuing operations 2.76 4.18
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 2.76 4.18
Diluted earnings (loss) per share from continuing and discontinued operations 2.76 4.18
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) # The depreciation and amortization expense for the quarter ended September 30, 2026 represents the balancing figures to align depreciation from April 1, 2026 to September 30, 2026 with the Straight Line Method SLM, since depreciation for the quarter ended June 30, 2026 was calculated under the Written Down Value WDV method. For more details refer note no. 5. Notes: 1.The above results have been reviewed by the audit committee and approved by the board of directors at its meeting held on October 28, 2026. 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 30th September , 2026. The statutory auditors have issued report with unmodified opinion on the above results. 2. Exceptional items There is no exceptional items during this quarter. 3.The Company has increased the production capacity of its liquid cooling SFN skid assemblies from 9,000 pieces per annum to 12,000 pieces per annum. 4. The Company has successfully completed capacity enhancement in the SS Hose & Braiding Division to 20 million meters per annum. 5. The Company reassessed its depreciation methodology for Property, Plant and Equipment and based on an assessment of the pattern in which the future economic benefits of these assets are expected to be consumed , based on a technical evaluation changed the method of depreciation from Written Down Value WDV to the Straight Line Method SLM with effect from April 1, 2026, In accordance with Ind AS 16 and Ind AS 8, the change has been accounted for prospectively as a change in accounting estimate. Due to this change, depreciation expense for Q2 FY27 and H1 FY27 is lower by Rs 841.25 lakhs and Rs 841.25 lakhs, respectively, resulting in a corresponding increase in PBT of Rs 841.25 lakhs and Rs 841.25 lakhs and PAT of Rs 823.48 lakhs and Rs 823.48 lakhs. Had the WDV method been continued, depreciation expense for Q2 FY27 and H1 FY27 would have been Rs 886.01 lakhs and Rs 1,670.42 lakhs, resulting in a decrease in PBT of Rs 841.25 lakhs and Rs 841.25 lakhs and PAT of Rs 823.48 lakhs and Rs 823.48 lakhs, respectively. 6.The standalone financial results for the quarter and half year ended 30th September, 2026 are summarised below and detailed financial results are available on Company's website www.aeroflexindia.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. The Company operates in a single segment manufacturing of product, hence segment-wise reporting is not applicable. 8. Figures for the previous periods have been re-grouped re-classified 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 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 21,527.38
Capital work-in-progress 7,348.25
Investment property 2,218.37
Goodwill 126.75
Other intangible assets 80.87
Intangible assets under development 9.95
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 400.58
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 416.86
Total of other non-current financial assets 416.86
Total non-current financial assets 817.44
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 304.23
Total of other non-current assets 304.23
Total non-current assets 32,433.24
2 Current assets
Inventories 11,234.60
Current financial asset
Current investments 0.00
Trade receivables, current 20,383.42
Cash and cash equivalents 2,479.96
Bank balance other than cash and cash equivalents 366.12
Loans, current 0.00
Other current financial assets
Total of other current financial assets 4,088.68
Total current financial assets 27,318.18
Current tax assets (net) 0.00
Other current assets
Total of other current assets
Total current assets 38,552.78
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 70,986.02
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,646.62
Other equity 47,095.76
Total equity attributable to owners of parent 49,742.38
Non controlling interest 0.00
Total equity 49,742.38
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 61.82
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 2,069.63
Total of other non-current financial liabilities 2,069.63
Total non-current financial liabilities 2,131.45
Provisions, non-current 0.00
Deferred tax liabilities (net) 282.24
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 2,413.69
Current liabilities
Current financial liabilities
Borrowings, current 23.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,143.74
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 12,489.73
Total Trade payable 13,633.47
Other current financial liabilities
1 Lease liabilities 244.41
Total of other current financial liabilities 244.41
Total current financial liabilities 13,900.88
Other current liabilities 3,753.64
1 Other current liabilities 3,753.64
Total of other current liabilities 3,753.64
Provisions, current 0.00
Current tax liabilities (Net) 1,175.43
Deferred government grants, Current 0.00
Total current liabilities 18,829.95
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 21,243.64
Total equity and liabilites 70,986.02
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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
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 7,549.90
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories (2,862.14)
Adjustments for decrease (increase) in trade receivables, current (7,551.80)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (136.55)
Adjustments for decrease (increase) in other non-current assets (30.98)
Adjustments for other financial assets, non-current (108.03)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 5,562.40
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 2,205.05
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 829.17
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 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 9.12
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 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 150.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,933.76)
Net cash flows from (used in) operations 5,616.14
Dividends received 0.00
Interest paid (95.73)
Interest received (73.50)
Income taxes paid (refund) 1,822.22
Other inflows (outflows) of cash 0.02
Net cash flows from (used in) operating activities 3,816.17
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 0.00
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 400.03
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 0.00
Purchase of property, plant and equipment 6,746.14
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
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 73.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 4,700.01
Net cash flows from (used in) investing activities (2,372.66)
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 0.00
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 0.00
Repayments of borrowings 21.96
Payments of lease liabilities 215.36
Dividends paid 529.32
Interest paid 95.73
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (862.37)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 581.14
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 581.14
Cash and cash equivalents cash flow statement at beginning of period 1,898.82
Cash and cash equivalents cash flow statement at end of period 2,479.96





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 M/s. Shweta Jain & Co LLP Yes 31-05-2029