Aeroflex Neu Limited Reports Robust Q2 Results with 300% Profit Surge

Aeroflex Neu Limited , a company listed on both BSE and NSE, has announced its financial results for the second quarter and half-year ended September 30, showcasing a remarkable improvement in its performance.

Financial Highlights

Metric	Q2	Q2 Previous Year	YoY Change
Profit	₹106.88	₹26.70	+300.00%
Total Income	₹2,960.08	₹2,093.86	+41.40%
Basic EPS (Continuing Operations)	₹0.40	-	-

Half-Yearly Performance

For the half-year period, Aeroflex Neu Limited reported a significant turnaround:

Metric	H1	H1 Previous Year	YoY Change
Profit	₹188.03	₹(56.37)	Turned Profitable

Key Developments

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on November 4.
The meeting commenced at 3:30 p.m. and concluded at 4:15 p.m.
On July 25, the company allotted 72,00,000 share warrants convertible into equity shares at ₹90 per warrant.

The company's performance indicates a strong recovery and growth trajectory, with a substantial increase in both quarterly and half-yearly profits. The total income for Q2 also saw a notable rise of 41.40% compared to the same quarter in the previous year.

Aeroflex Neu Limited's turnaround from a loss in H1 of the previous year to a profit of ₹188.03 in H1 of the current year demonstrates the company's improved operational efficiency and market performance.

The allotment of convertible share warrants earlier in the year suggests that the company is also focusing on strengthening its capital structure, which could potentially support future growth initiatives.

As Aeroflex Neu Limited continues to show positive financial results, investors and market watchers may keep a close eye on the company's future performance and strategic moves in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.84%	-2.04%	-9.08%	-9.47%	-26.84%	-10.50%

Sah Polymers , has successfully raised Rs 64.80 crore through a preferential issue of convertible warrants. The Board of Directors approved the allotment of 72,00,000 warrants at a price of Rs 90.00 per warrant, as disclosed in a recent board meeting outcome.

Warrant Allocation Details

The company has allocated the warrants to both promoter and non-promoter entities:

Allottee	Category	Number of Warrants	Post-Conversion Stake
Aeroflex Enterprises Limited	Promoter	36,00,000	54.30%
Benani Capital Scheme-1	Non-Promoter	6,00,000	1.85%
VPK Global Venture Fund-Scheme-1	Non-Promoter	6,00,000	1.85%

Key Terms of the Warrant Issue

Face Value: Each warrant is convertible into one equity share with a face value of Rs 10.00.
Conversion Period: Warrant holders have the right to convert their warrants into equity shares within 18 months from the date of issue.
Upfront Payment: The company has received 25% of the warrant price upfront from the investors.

Impact on Shareholding

Upon full conversion of the warrants, Aeroflex Enterprises Limited, the promoter entity, will hold a 54.30% stake in the company. Each of the non-promoter entities, Benani Capital Scheme-1 and VPK Global Venture Fund-Scheme-1, will hold a 1.85% stake.

Regulatory Compliance

The preferential issue has been conducted in accordance with Section 23, 42, and 62 of the Companies Act, 2013, and Chapter V of SEBI (ICDR) Regulations 2018. The issue price was determined as per the provisions outlined in these regulations.

This capital raise through the preferential issue of convertible warrants is expected to strengthen Sah Polymers' financial position, potentially supporting its growth initiatives and operational needs.