FY25 margin will be more than 20%, says Aeroflex Industries

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The spike in ocean freights due to the Red Sea crisis resulted in a sharp dip in the earnings before interest, tax, depreciation, and amortisation (EBITDA) margin of Mumbai-based Aeroflex Industries during the January-March period.

The EBITDA margin for the fourth quarter was down to 18.6% from 26.7% last year.

For April-March 2024-25, the margins will be above 20%, said Asad Daud, MD of the company, which manufactures stainless steel flexible hoses and assemblies,

In FY24, about 84% of the sales were from exports. Daud believes similar ratio of domestic sales to exports sales will be seen in FY25.

“Exports will continue to be our major focus in the next few years,” he said.

Also Read | Aeroflex Industries projects up to 40% revenue growth after a nearly 15% rally in one month

In the fourth quarter of fiscal year 2024 compared to the same period last year, Aeroflex Industries’ revenue increased by 11% to ₹77.77 crore from ₹70.07 crore,

Net profit decreased by 20% to ₹10.03 crore from ₹12.53 crore.

The current market capitalisation of the company is ₹1,855 crore.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow