Aeroflex Q1 revenue jumps 72% but skid capacity delayed by 4-5 months
Record consolidated revenue of ₹146 cr with 23% EBITDA margin; liquid cooling kit drives 23% of sales. Expansion of skid capacity to 15,000 units now pushed to Oct-Nov.
— 4 earlier stories on Aeroflex Industries Ltd. →What's new
- Record Q1 revenue of ₹146 cr, up 72.4% YoY, with EBITDA margin at 23%.
- Liquid cooling kit assembly contributed ₹32.4 cr, 23% of revenue.
- Annual skid capacity expansion delayed 4-5 months to October–November due to supplier issues.
- Flexible hose capacity to 20 million metres per annum now targeted by Q3 FY27.
Why this matters
The record quarter shows strong demand, but the delayed capacity ramp-up adds execution risk. Meeting the 25% EBITDA margin target hinges on timely expansion.
What we're watching
- Whether skid capacity expansion meets the revised October–November timeline.
- Progress on flexible hose capacity to 20 million metres by Q3 FY27.
- Any further margin progression towards the 25% medium-term target.
The full read
Aeroflex Industries posted a record Q1 FY27 with consolidated revenue of ₹146 cr, up 72.4% YoY, and an EBITDA margin of 23%. Liquid cooling kit assembly alone contributed ₹32.4 cr, or 23% of revenue. That is the good news. The catch: capacity expansion is slipping. Annual skid capacity of 15,000 units is now slated for October–November instead of June, a four-to-five-month delay blamed on machine suppliers. Flexible hose capacity to 20 million metres per annum is expected by Q3 FY27. Capex of ₹48 cr for skids and ₹54 cr for hoses was detailed. The 25% EBITDA margin target remains intact, but achieving it depends on execution against these revised timelines. A record quarter, but the clock is ticking on delivery.
Questions answered
- What drove Aeroflex's Q1 revenue growth?
- Consolidated revenue hit ₹146 cr, up 72.4% YoY, driven by strong demand in liquid cooling kits, which contributed ₹32.4 cr (23% of revenue).
- Why was the skid capacity expansion delayed?
- Management cited machine supplier delays, pushing the 15,000-unit annual capacity target from June 2026 to October–November 2026.
- What is the capex planned for capacity expansion?
- The company detailed ₹48 cr for skid capacity and ₹54 cr for flexible hose capacity expansion.
- What is the EBITDA margin target?
- Management reiterated a 25% EBITDA margin target for the medium term, with Q1 achieving 23%.
Aeroflex Industries Ltd.
Latest quarter · Jun 2026
Strength & growth
Story so far
All notes on AEROFLEX →- 28 Jul 2026 · 12:17 PM IST Aeroflex Q1 revenue jumps 72% but skid capacity delayed by 4-5 months
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