Aeroflex Industries shares surged 14% in morning trade on the BSE on Thursday, 29 October, with a strong 8-fold jump in volume. Aeroflex Industries share price opened at ₹533.30 against its previous close of ₹491.65 and jumped 13.7% to an intraday high of ₹559, looking set to extend gains for the third consecutive session.
The stock witnessed strong buying interest on Thursday, a day after reporting its September quarter (Q2FY27) results.
In an exchange filing on 28 October, the company said its consolidated revenue from operations for the September quarter surged 87% year-on-year (YoY) to ₹207.36 crore. In the same quarter last year, the company's revenue was ₹110.87 crore.
Net profit jumped 157% YoY to ₹36.56 crore in Q2FY27 compared to ₹14.23 crore in Q2FY26.
Additionally, the company announced that its board gave in-principle approval to the proposal for amalgamation of Hyd-Air Engineering Private Limited, a wholly owned subsidiary of the company, with it.