Aeroflex Industries Ltd Share Price – NSE  /  BSE

Steel, Small Cap

Net profit of Aeroflex Industries declined 19.95% to Rs 10.03 crore in the quarter ended March 2024 as against Rs 12.53 crore during the previous quarter ended March 2023. Sales rose 10.99% to Rs 77.77 crore in the quarter ended March 2024 as against Rs 70.07 crore during the previous quarter ended March 2023.

For the full year,net profit rose 38.41% to Rs 41.73 crore in the year ended March 2024 as against Rs 30.15 crore during the previous year ended March 2023. Sales rose 17.98% to Rs 317.91 crore in the year ended March 2024 as against Rs 269.46 crore during the previous year ended March 2023.

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Aeroflex Industries announced that the Board of Directors of the Company at its meeting held on 6 May 2024, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.

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Aeroflex Industries will hold a meeting of the Board of Directors of the Company on 6 May 2024.

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The Board of Directors of Aeroflex Industries at its meeting held today i.e. 02 April 2024 has approved to acquire 100% of the issued and paid up share capital of Hyd-Air Engineering. The cost of acquisition is Rs 17.20 crore with plans to invest Rs 18 crore to increase production capacity over next 2-3 years. The investee company is engaged in manufacturing of hydraulic fittings, fluid connectors and flanges.

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