{"id":331374,"date":"2026-10-29T11:09:28","date_gmt":"2026-10-29T05:39:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=331374"},"modified":"2026-10-29T11:09:28","modified_gmt":"2026-10-29T05:39:28","slug":"aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/","title":{"rendered":"Aeroflex Industries Share Price Surges 14% After Q2: Profit Jumps 157%, Why the Depreciation Change Matters"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The Aeroflex Industries share price was Rs 565.75 on the NSE, up 14.93%, at 10:59 AM IST on Thursday, 29 Oct 2026, after Q2 FY27 results showed revenue up 87% to Rs 207.36 crore, EBITDA up 94.5% to Rs 50.34 crore and net profit up 156.9% to Rs 36.56 crore, with a change in the depreciation method adding about Rs 8.41 crore to pre-tax profit.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Aeroflex Industries share price jumped 14.93% to Rs 565.75 at 10:59 AM IST on 29 Oct 2026, after the previous close of Rs 492.25, following Q2 FY27 results with revenue up about 87% to Rs 207.36 crore and net profit up about 157% to Rs 36.56 crore. EBITDA rose about 94% to Rs 50.34 crore at a margin of 24.27%, which is the cleaner measure because the company moved from the written-down-value to the straight-line depreciation method from 1 April 2026, cutting depreciation by Rs 8.41 crore in the quarter. Liquid-cooling skid sales were Rs 50.03 crore from 1,475 units, and the valuation is high at 72.71 to 96.97 times earnings depending on the source. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n<p>The Aeroflex Industries share price jumped 15% on results, which is easy to understand when profit rises more than 150%, but the quality of that profit matters. This article explains the Q2 numbers, shows how much of the profit growth came from the accounting change, looks at the data-centre cooling skids that are driving revenue, covers the capacity expansion and valuation, and sets out what could go wrong.<\/p>\n<p>Two flags. Sources give slightly different revenue figures (Rs 207.06 crore, Rs 207.36 crore and Rs 207.68 crore total income), and valuation ratios differ by basis. The stock&#8217;s high is also reported inconsistently: one report said it touched Rs 613.50 on 14 Oct, while another listed a 52-week high of Rs 573.10. I could not reconcile these. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Aeroflex_Industries_Share_Price_Today_Snapshot\" title=\"Aeroflex Industries Share Price Today: Snapshot\">Aeroflex Industries Share Price Today: Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Q2_FY27_Results_Behind_the_Aeroflex_Industries_Share_Price\" title=\"Q2 FY27 Results Behind the Aeroflex Industries Share Price\">Q2 FY27 Results Behind the Aeroflex Industries Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#The_Depreciation_Change_How_Much_of_the_Aeroflex_Industries_Share_Price_Jump_Is_Operating\" title=\"The Depreciation Change: How Much of the Aeroflex Industries Share Price Jump Is Operating?\">The Depreciation Change: How Much of the Aeroflex Industries Share Price Jump Is Operating?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Liquid-Cooling_Skids_The_Growth_Engine_Behind_the_Aeroflex_Industries_share_price\" title=\"Liquid-Cooling Skids: The Growth Engine Behind the Aeroflex Industries share price\">Liquid-Cooling Skids: The Growth Engine Behind the Aeroflex Industries share price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Capacity_Expansion_and_Corporate_Actions_Affecting_the_Aeroflex_Industries_share_price\" title=\"Capacity Expansion and Corporate Actions Affecting the Aeroflex Industries share price\">Capacity Expansion and Corporate Actions Affecting the Aeroflex Industries share price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Valuation_and_Chart_Where_the_Aeroflex_Industries_Share_Price_Stands\" title=\"Valuation and Chart: Where the Aeroflex Industries Share Price Stands\">Valuation and Chart: Where the Aeroflex Industries Share Price Stands<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Risks_Around_the_Aeroflex_Industries_Share_Price\" title=\"Risks Around the Aeroflex Industries Share Price\">Risks Around the Aeroflex Industries Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Conclusion_The_Aeroflex_Industries_Share_Price_Is_Rewarding_Real_Growth_With_a_Rich_Valuation\" title=\"Conclusion: The Aeroflex Industries Share Price Is Rewarding Real Growth, With a Rich Valuation\">Conclusion: The Aeroflex Industries Share Price Is Rewarding Real Growth, With a Rich Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Why_did_the_Aeroflex_Industries_share_price_surge_today\" title=\"Why did the Aeroflex Industries share price surge today?\">Why did the Aeroflex Industries share price surge today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#What_were_the_Q2_FY27_results_behind_the_Aeroflex_Industries_share_price\" title=\"What were the Q2 FY27 results behind the Aeroflex Industries share price?\">What were the Q2 FY27 results behind the Aeroflex Industries share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#How_did_the_depreciation_change_affect_the_profit_behind_the_Aeroflex_Industries_share_price\" title=\"How did the depreciation change affect the profit behind the Aeroflex Industries share price?\">How did the depreciation change affect the profit behind the Aeroflex Industries share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#What_are_liquid-cooling_skids_and_how_big_are_they_in_the_Aeroflex_Industries_share_price_story\" title=\"What are liquid-cooling skids and how big are they in the Aeroflex Industries share price story?\">What are liquid-cooling skids and how big are they in the Aeroflex Industries share price story?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#What_is_the_capacity_expansion_plan_behind_the_Aeroflex_Industries_share_price\" title=\"What is the capacity expansion plan behind the Aeroflex Industries share price?\">What is the capacity expansion plan behind the Aeroflex Industries share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Is_the_Aeroflex_Industries_share_price_expensive\" title=\"Is the Aeroflex Industries share price expensive?\">Is the Aeroflex Industries share price expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#What_does_the_chart_show_for_the_Aeroflex_Industries_share_price\" title=\"What does the chart show for the Aeroflex Industries share price?\">What does the chart show for the Aeroflex Industries share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/aeroflex-industries-share-price-surges-14-percent-after-q2-profit-jumps-157-percent-why-the-depreciation-change-matters\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Aeroflex_Industries_Share_Price_Today_Snapshot\"><\/span><strong>Aeroflex Industries Share Price Today: Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aeroflex Industries share price: item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value (NSE, 10:59 AM IST)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 565.75, up 14.93%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 492.25<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open, high and low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 528 (a gap-up of about 7.3%), Rs 570 and Rs 511.10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume so far<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 2.37 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 6,506 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One-year return<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 191%, against about minus 9% for the BSE 500 (one source)<\/td>\n<\/tr>\n<\/table>\n<p>The Aeroflex Industries share price opened about 7% higher, dipped to Rs 511.10 and then climbed, which shows buyers stepping in on weakness. Volume of about 2.37 crore shares in under two hours is very heavy for a company of this size, so the move has strong participation. The one-year return of about 191% shows how far the stock has already run.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen small-cap industrial stocks on Univest<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Results_Behind_the_Aeroflex_Industries_Share_Price\"><\/span><strong>Q2 FY27 Results Behind the Aeroflex Industries Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aeroflex Industries share price: Q2 measure (Rs crore)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">207.36<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">110.87<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 87%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50.34<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">25.88 (my calculation from the growth rate)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 94.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24.27%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 23.3%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 93 basis points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit before tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">49.61<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19.71<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 152% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">36.56<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.23<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 157%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">17.6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12.8%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 4.8 percentage points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (Rs)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.76<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 151% (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>Revenue crossed Rs 200 crore for the first time, and EBITDA margin held near 24%, which indicates that growth did not come at the cost of operating profitability. Net profit grew faster than EBITDA, and the gap is explained by the depreciation change. The Aeroflex Industries share price reacted to the headline growth, and the next section shows how much of it is operating.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Depreciation_Change_How_Much_of_the_Aeroflex_Industries_Share_Price_Jump_Is_Operating\"><\/span><strong>The Depreciation Change: How Much of the Aeroflex Industries Share Price Jump Is Operating?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aeroflex Industries share price: adjustment<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure (my rough calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reduction in depreciation from the method change<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 8.41 crore in Q2 (reported)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Depreciation implied by the data provider<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 0.45 crore in Q2 against about Rs 7.85 crore in the June 2026 quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Effective tax rate in Q2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 26% (profit before tax Rs 49.61 crore to profit Rs 36.56 crore)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">After-tax value of the change<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 6.2 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit without the change<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 30.4 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Growth over Rs 14.23 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 114%<\/td>\n<\/tr>\n<\/table>\n<p>The company moved from the written-down-value method to the straight-line method from 1 April 2026, which lowers depreciation in the early years of an asset&#8217;s life. That raised profit but not EBITDA, so EBITDA is the cleaner guide. Even without the change, my rough arithmetic puts profit growth above 100%, so the operating improvement is real, but the 157% headline overstates it.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get alerts on the Aeroflex Industries share price.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Liquid-Cooling_Skids_The_Growth_Engine_Behind_the_Aeroflex_Industries_share_price\"><\/span><strong>Liquid-Cooling Skids: The Growth Engine Behind the Aeroflex Industries share price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aeroflex Industries share price: skid item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Skid sales (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">32.39<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50.03<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 54%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Units sold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,040<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,475<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 42%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue per unit (Rs lakh)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.4<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Share of revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 22%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 24%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 2 percentage points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rest of the business (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 113<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 157<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 39%<\/td>\n<\/tr>\n<\/table>\n<p>Liquid-cooling skids used in data centres grew faster than the rest of the business, but even without them revenue grew about 39% from the previous quarter (my calculation). That shows broad strength and not a single product. Revenue per skid also rose, which points to a better mix. The Aeroflex Industries share price is therefore a bet on both the skid ramp and the core hose and braiding business.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Capacity_Expansion_and_Corporate_Actions_Affecting_the_Aeroflex_Industries_share_price\"><\/span><strong>Capacity Expansion and Corporate Actions Affecting the Aeroflex Industries share price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aeroflex Industries share price: expansion item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Skid capacity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12,000 units a year in place; target 15,000 by December 2026 and 30,000 by March 2028<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hose and braiding capacity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20 million metres a year now; 30 million by March 2028<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expansion cost<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 202 crore (Rs 124 crore hose, Rs 78 crore skids), funded by internal accruals, equity and bridge loans<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subsidiary merger<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hyd-Air Engineering, a wholly owned subsidiary making fittings and connectors, to be merged, subject to approvals<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Management change<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A new CFO from 28 Nov 2026; the current CFO becomes a whole-time director<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Shareholder<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Ashish Kacholia held 2.27% (30 lakh shares) at the end of June 2026<\/td>\n<\/tr>\n<\/table>\n<p>Capacity must be filled to pay for itself, so capacity expansion only helps if orders follow, and the skid plan doubles output from 15,000 to 30,000 units in about 15 months after December 2026. If orders keep up, the expansion supports the Aeroflex Industries share price, and if they slow, the extra cost and borrowing become a drag. The funding mix includes equity and bridge loans, which may mean dilution or interest cost.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Chart_Where_the_Aeroflex_Industries_Share_Price_Stands\"><\/span><strong>Valuation and Chart: Where the Aeroflex Industries Share Price Stands<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aeroflex Industries share price: indicator<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Value<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">96.97 (data provider, industry 20.14); 72.71 (another source)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.55<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12.41%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EV to EBITDA (trailing)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 45 times (one source)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">55.34<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day EMA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 514.18; price is about 10% above it (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Supertrend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 574.03, bearish; price is about 1.5% below it (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>The valuation is demanding at a price to earnings of 72 to 97 and a price to book of 14.55, with a return on equity of 12.41% that does not match those multiples. Debt is almost nil, which is a strength. The chart is mixed: the price is far above its 20-day average but still below a bearish Supertrend near Rs 574, so a close above that line would be the signal to watch.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Around_the_Aeroflex_Industries_Share_Price\"><\/span><strong>Risks Around the Aeroflex Industries Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Valuation.<\/strong> A price to earnings of 72 to 97 leaves little room for a growth slowdown in the Aeroflex Industries share price.<\/li>\n<li><strong>Accounting boost.<\/strong> The depreciation change added about Rs 8.41 crore before tax, so reported profit growth overstates operating growth.<\/li>\n<li><strong>Concentration.<\/strong> Skids are about a quarter of revenue and depend on data-centre demand and customer approvals.<\/li>\n<li><strong>Execution.<\/strong> Doubling skid capacity by March 2028 requires orders and timely commissioning.<\/li>\n<li><strong>Volatility.<\/strong> The stock fell sharply before today&#8217;s 15% jump and has risen about 191% in a year, so reversals can be fast.<\/li>\n<li><strong>Data conflicts.<\/strong> Revenue, valuation and the stock&#8217;s high differ across sources, so check the exchange filings.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_The_Aeroflex_Industries_Share_Price_Is_Rewarding_Real_Growth_With_a_Rich_Valuation\"><\/span><strong>Conclusion: The Aeroflex Industries Share Price Is Rewarding Real Growth, With a Rich Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Aeroflex Industries share price jumped 15% on a quarter of real operating growth, helped by a depreciation change that makes the profit growth look larger than it is. The liquid-cooling skids and the capacity plan are the story, and the valuation is the risk. Read the filing, watch the Rs 574 level and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Aeroflex_Industries_share_price_surge_today\"><\/span><strong>Why did the Aeroflex Industries share price surge today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock rose about 15% to Rs 565.75 after Q2 FY27 results showed revenue up about 87%, EBITDA up about 94% and net profit up about 157%. It opened about 7% higher on 29 Oct and traded on very heavy volume.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Q2_FY27_results_behind_the_Aeroflex_Industries_share_price\"><\/span><strong>What were the Q2 FY27 results behind the Aeroflex Industries share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations was Rs 207.36 crore, EBITDA Rs 50.34 crore at a 24.27% margin and net profit Rs 36.56 crore, against Rs 14.23 crore a year earlier. It was the first quarter with revenue above Rs 200 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_the_depreciation_change_affect_the_profit_behind_the_Aeroflex_Industries_share_price\"><\/span><strong>How did the depreciation change affect the profit behind the Aeroflex Industries share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> From 1 April 2026 the company moved from the written-down-value to the straight-line method, which cut depreciation by about Rs 8.41 crore in Q2. That raised profit but not EBITDA, and my rough calculation puts profit growth without it near 114%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_liquid-cooling_skids_and_how_big_are_they_in_the_Aeroflex_Industries_share_price_story\"><\/span><strong>What are liquid-cooling skids and how big are they in the Aeroflex Industries share price story?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The skid assemblies are used for liquid cooling in data centres. Sales were Rs 50.03 crore from 1,475 units in Q2, up from Rs 32.39 crore from 1,040 units in Q1, about 24% of revenue (my calculation).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_capacity_expansion_plan_behind_the_Aeroflex_Industries_share_price\"><\/span><strong>What is the capacity expansion plan behind the Aeroflex Industries share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company approved about Rs 202 crore for capacity: hose and braiding to 30 million metres a year and skid assemblies to 30,000 a year by March 2028. Skid capacity is 12,000 now, with a 15,000 target by December 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Aeroflex_Industries_share_price_expensive\"><\/span><strong>Is the Aeroflex Industries share price expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data provider shows a price to earnings of 96.97 against an industry figure of 20.14, and another source shows 72.71. The price to book is 14.55 and the return on equity is 12.41%, so the market is pricing in strong growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_the_chart_show_for_the_Aeroflex_Industries_share_price\"><\/span><strong>What does the chart show for the Aeroflex Industries share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The RSI is 55.34 and the 20-day average is Rs 514.18, with the price about 10% above it. The Supertrend is bearish at Rs 574.03, just above the price, so a close above it would improve the signal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did the Aeroflex Industries share price surge today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock rose about 15% to Rs 565.75 after Q2 FY27 results showed revenue up about 87%, EBITDA up about 94% and net profit up about 157%. It opened about 7% higher on 29 Oct and traded on very heavy volume.\"}},{\"@type\":\"Question\",\"name\":\"What were the Q2 FY27 results behind the Aeroflex Industries share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue from operations was Rs 207.36 crore, EBITDA Rs 50.34 crore at a 24.27% margin and net profit Rs 36.56 crore, against Rs 14.23 crore a year earlier. It was the first quarter with revenue above Rs 200 crore.\"}},{\"@type\":\"Question\",\"name\":\"How did the depreciation change affect the profit behind the Aeroflex Industries share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"From 1 April 2026 the company moved from the written-down-value to the straight-line method, which cut depreciation by about Rs 8.41 crore in Q2. That raised profit but not EBITDA, and my rough calculation puts profit growth without it near 114%.\"}},{\"@type\":\"Question\",\"name\":\"What are liquid-cooling skids and how big are they in the Aeroflex Industries share price story?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The skid assemblies are used for liquid cooling in data centres. Sales were Rs 50.03 crore from 1,475 units in Q2, up from Rs 32.39 crore from 1,040 units in Q1, about 24% of revenue (my calculation).\"}},{\"@type\":\"Question\",\"name\":\"What is the capacity expansion plan behind the Aeroflex Industries share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company approved about Rs 202 crore for capacity: hose and braiding to 30 million metres a year and skid assemblies to 30,000 a year by March 2028. Skid capacity is 12,000 now, with a 15,000 target by December 2026.\"}},{\"@type\":\"Question\",\"name\":\"Is the Aeroflex Industries share price expensive?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data provider shows a price to earnings of 96.97 against an industry figure of 20.14, and another source shows 72.71. The price to book is 14.55 and the return on equity is 12.41%, so the market is pricing in strong growth.\"}},{\"@type\":\"Question\",\"name\":\"What does the chart show for the Aeroflex Industries share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The RSI is 55.34 and the 20-day average is Rs 514.18, with the price about 10% above it. The Supertrend is bearish at Rs 574.03, just above the price, so a close above it would improve the signal.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aeroflex Industries share price is Rs 565.75, up 14.9% after Q2. Profit rose 157% to Rs 36.56 crore, but a depreciation change helped. See skids, margins, valuation and risks.<\/p>\n","protected":false},"author":35,"featured_media":331373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[17626,17625,17629,17630,17622,11314,17624,17623,17627,17628],"class_list":["post-331374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aeroflex-capacity-expansion","tag-aeroflex-depreciation-change","tag-aeroflex-hose-braiding","tag-aeroflex-hyd-air-merger","tag-aeroflex-industries-q2-results","tag-aeroflex-industries-share-price","tag-aeroflex-liquid-cooling-skids","tag-aeroflex-stock-surge","tag-aeroflex-valuation","tag-ashish-kacholia-stock"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["331373"],"rank_math_title":["Aeroflex Industries Share Price Surges 14% After Q2"],"rank_math_description":["Aeroflex Industries share price is Rs 565.75, up 14.9% after Q2. Profit rose 157% to Rs 36.56 crore, helped by a depreciation change. See skids, valuation and risks."],"rank_math_focus_keyword":["Aeroflex Industries share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/aeroflex-industries-share-price-surges-14-after-q2-profit-jumps-157-why-the.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/331374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=331374"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/331374\/revisions"}],"predecessor-version":[{"id":331375,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/331374\/revisions\/331375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/331373"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=331374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=331374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=331374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}