Summary: Aimtron Electronics’s EBITDA Margins Sustained at 24-25%; Net Profit Growth Surges by 57%
Aimtron Electronics Ltd (Bloomberg Code: AIMTRON IN | NSE Code: AIMTRON) announces its financial results for the second half and full year ended 31st March 2024. The company’s shares were recently listed on the NSE-Emerge platform on 6th June 2024.
Aimtron Electronics Ltd reported robust financial performance for FY24 with significant growth across key metrics. The revenue for FY24 stood at Rs 929.8 million, marking a 30% increase year-over-year (YoY). EBITDA reached Rs 236.3 million, reflecting a 42.5% YoY growth, while the EBITDA margin improved by 226 basis points to 25.4%. Net profit surged by 57.5% YoY to Rs 136.0 million, with the PAT margin increasing by 257 basis points to 14.6%.
Mr. Mukesh Jeram Vasani, Chairman & Managing Director, commented on the performance: “We have continued on our growth path in FY24 and we expect to better this growth over the next 3-5 years, whereby we aim to grow at 40-50% CAGR. We will support this by expanding and modernizing our capabilities, most notably those related to assembly of new AI chips, as well as our state-of-the-art 3D capabilities. Our customer base in international markets such as North America continues to expand across multiple key sectors. Post IPO, we have swiftly paid down our debt and ordered new machines for our new SMT lines, which we expect to be commissioned by end of Q2FY25. These aggregate efforts will help us grow at 40-50% CAGR for the next 3-5 years. This growth continues to be driven by our dynamic infrastructure, technologically advanced capabilities, and ever expanding customer bases in domestic and international markets.”
Key Financial Performance Highlights:
- Revenue: Rs 929.8 million, up 30% YoY
- EBITDA: Rs 236.3 million, up 42.5% YoY
- EBITDA Margin: 25.4%, up 226 bps YoY
- Net Profit: Rs 136.0 million, up 57.5% YoY
- PAT Margin: 14.6%, up 257 bps YoY
Major Developments:
Order Book and New Customers: The company had an unexecuted order book of Rs 1,100 million at the end of FY24, which is 1.2 times the FY24 revenue. In the first two months of FY25, there was an order inflow of approximately Rs 200 million. Aimtron also signed an agreement with a USA-based customer for IoT device supply and is in discussions with a drone manufacturing company for supplying key parts.
IPO Success: Aimtron completed its IPO and listed shares on the NSE on 6th June 2024, with a total subscription of 99.24 times. The proceeds have been utilized to pay off debts, making the company debt-free, and to initiate the setup of a new SMT line.
Way Forward:
Expansion and Modernization: The company plans to add an SMT line by the end of Q2FY25, enhancing its capabilities in IoT, AI, and robotics. Aimtron aims to grow at a 40-50% CAGR over the next 3-5 years, leveraging its advanced infrastructure and expanding customer base in domestic and international markets.
About Aimtron Electronics Limited:
Aimtron Electronics Ltd is a leading provider of advanced electronic solutions, specializing in IoT, AI, and robotics. With state-of-the-art facilities and a growing international customer base, Aimtron continues to innovate and deliver high-quality products to meet the evolving needs of the industry.
For further information, please contact:
AIMTRON ELECTRONICS LIMITED
Nikita Shah, CFO
E: cs@aimtron.com | cfo@aimtron.com
KAPTIFY Consulting
Investor Relations | Strategy | Consulting
E: contact@kaptify.in | M: +91-8452886099
www.kaptify.in
Disclaimer:
This document may contain forward-looking statements subject to risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors, including economic conditions, regulatory changes, and other variables. The Company does not undertake to revise any forward-looking statements made from time to time.
