Q3 mein kya special tha?
Aeroflex Industries ne is quarter mein apna sabse acha revenue, EBITDA, aur PAT ka record banaya hai. Poore Quarter mein income ₹121 crore rahi, jo pichhle saal se 21% zyada hai. EBITDA bhi 28% badh kar ₹28.5 crore pe pahunch gaya, aur EBITDA margin 23.6% pe maintain hua hai, jo ki kaafi solid hai. PAT 8% badha aur ₹16.5 crore ho gaya, jismein margin 13.5% raha. Company ka Cash PAT bhi ₹22.75 crore raha, iska matlab cash generation bhi badhiya hai.
Nau mahino (9M FY26) ki baat karein toh, Total Income ₹317 crore, EBITDA ₹70.5 crore (margin 22.2%) aur PAT ₹38 crore ke aas paas raha. Unke value-added products jaise assemblies, fittings, bellows ne sales mein 54% contribute kiya.
Company ki Quality aur Strategy
Operational efficiency dikh rahi hai kyuki EBITDA margins consistently 22% se upar rahe hain. Q3 mein Cash PAT, reported PAT se zyada tha, jo acha cash conversion aur working capital management ka signal deta hai.
Mana ki Miniature Metal Bellows project ke liye CAPEX ko ₹23 crore se ghatakar ₹10.5 crore kar diya hai aur ab phased approach follow kar rahe hain, par ye smart move hai. Isse lagta hai ki company demand ke hisab se hi paise lagane wali hai, over-expansion se bach rahi hai.
Aage Kya Chal Raha Hai Aur Risks Kya Hain?
US market mein tariffs ke karan naye customers add karna thoda challenging hai, par purane relationships abhi bhi strong hain. Naye plants aur skid assembly capacity ko time pe deliver karna bahut zaruri hoga.
Management kaafi confident hai. Unka order book strong hai aur data center aur AI infrastructure mein demand badh rahi hai. Company apni engineering skills aur value-added solutions se growth maintain karne par focus kar rahi hai. Yeh sab dekhna hoga:
- Skid assembly capacity badhana 15,000 units/annum tak June 2026 tak.
- Naye Chakan plant ka start hona.
- EU-US Free Trade Agreement ka exports par asar.
- Domestic market mein continuous growth.
- Process automation investments jaise robotic welding, annealing plant ka end of 2026 tak.
Company expect kar rahi hai ki aane wale kuch saalon mein EBITDA margins 23% se 25% ke beech rahenge. Liquid cooling, hose, metal bellows jaise segments mein kaafi growth dikh rahi hai.