CONNECT WITH US
Tech

Tech

IPO-Bound Garuda Aerospace’s FY26 Profit Jumps 41% To ₹25.9 Cr

Inc42 - All News logo

Published on

Add as a preferred source on Google
IPO-Bound Garuda Aerospace’s FY26 Profit Jumps 41% To ₹25.9 Cr

Chennai-based dronetech startup Garuda Aerospace reported a net profit of ₹25.9 Cr in FY26, growing 41.1% from ₹18.4 Cr from the previous fiscal year. 

In terms of operational profitability, the drone maker’s EBITA for the fiscal year jumped 31.8% to ₹35.1 Cr in FY26 from ₹26.6 Cr in the FY25. 

Operating revenue surged 66.8% YoY to ₹206 Cr during the fiscal under review from ₹123.5 Cr in the previous year. Sales of drones and drone parts brought in ₹99.4 Cr to the top line while the remaining ₹106.5 Cr via sale of services. Another ₹15 Lakh was earned from delivery charges. 

Including other income of ₹26.5 Lakh, total income for the fiscal stood at ₹206.2 Cr.

“During the year, we continued to strengthen our manufacturing capabilities, expand our Drone-as-a-Service (DaaS) operations, deepen our investment in indigenous research and development, and build strategic partnerships in India and international markets. We also advanced our capabilities in artificial intelligence, autonomous flight, data analytics, defence systems and specialised mission platforms,” cofounder and whole-time director Agnishwar Jayaprakash noted in a message to shareholders. 

The improvement in the financial performance comes as Garuda’s proposed public listing plans take shape. The startup took the pre-filing route to confidentially submit its draft IPO papers with the SEBI earlier in April. The IPO was greenlit by the markets regulator in August. 

While the startup is yet to file its updated DRHP for public access, its board approved plans to raise up to ₹750 Cr via the fresh issue component of the proposed IPO back in March.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.