Aeroflex Industries Share Price Hits Upper Circuit As Q3 Profit Rises To Rs 15 Crore

Shares of Aeroflex Industries hit the upper circuit on Thursday after the company reported a 68.3% rise in net profit to Rs 15 crore for the quarter ended December 2024. This compares to Rs 9 crore reported in the same quarter last year.

Revenue of the steel and iron products manufacturer rose over 36.4% to Rs 100 crore, in comparison to Rs 73 crore reported in the same period last year. The operating income, or earnings before interest, taxes, depreciation, and amortisation in the third quarter rose 56.5% to Rs 22 crore in comparison to Rs 14 crore reported in the same quarter last year.

Ebitda margin expanded to 21.64% in comparison to 18.85% in the December 2023 quarter.

Total sales in the quarter rose 36.43%, the company said in its investor presentation. Domestic sales nearly tripled in the quarter, while the exports rose 10.5%.

The company earlier this month announced commencement of commercial production of a new product, Metal Bellows. The company has a capacity to produce 1.20 lakh pieces annually. The company has added three more lines for sizes up to 20 inches, it added.

In the quarter, the company added six new stations and intends to implement automated and robotic assembly lines in the future.

The scrip rose as much as 20% to Rs 223.35 apiece as of 11:14 a.m., the highest level since Dec. 16, 2024. This compares to a 0.33% advance in the NSE Nifty 50.

It has risen 37.45% in the last 12 months. Total traded volume so far in the day stood at 21 times its 30-day average. The relative strength index was at 60.

ICICIdirect.com is the only analyst tracking the company and maintains a 'buy' rating, according to Bloomberg data.