The electronics manufacturer saw a higher contribution from design-led manufacturing, which lifted its profit 27% to ₹260 million; new overseas units keep costs elevated.
Aimtron Electronics, a Vadodara-based electronics design and manufacturing company, reported a 45.6% sequential rise in revenue from operations to ₹1.79 billion for the six months ended March 2026.
However, the ramp-up costs of newly established international subsidiaries dragged the consolidated operating margin down sharply. According to the half-yearly results filed on NSE SME on Monday, April 28, 2026, the company’s consolidated profit for the period stood at ₹260 million, up 26.6% over the first half, while EBITDA inched up just 5.4% to ₹360 million, compressing the margin by 759 basis points to 19.9%.
The second half saw the company benefit from an improving product mix as original design manufacturing (ODM) and box-build solutions, which served network security, green energy, industrial IoT, and AI-linked customers, accounted for a larger share of the order book.
Revenue grew from ₹1.23 billion in H1, demonstrating strong execution momentum during the typically stronger second half.
The profitability and margin dipped as costs linked to freshly set-up international and manufacturing subsidiaries began flowing through the consolidated numbers.
Chairman Mukesh Jeram Vasani said while the top-line growth story remains intact, the margin compression in H2 indicates that the payoff from the overseas expansion is still some quarters away. Higher tax provisions also contributed to profit growth lagging revenue growth.
Aimtron operates manufacturing units in Vadodara, Ahmedabad, and Bengaluru, with its parent company headquartered in Chicago. It serves clients across automotive, medtech, aerospace, industrial, gaming, and robotics.
The company’s ability to nearly double the contribution of design-led programmes is helping it secure stickier revenue streams, but the near-term focus for investors will be on when the cost-heavy international operations start contributing to profitability rather than denting it.
The shares of Aimtron Electronics is currently trading at ₹1,085.50 on the NSE SME exchange, up 7% from the previous close.
