Garuda Aerospace – FY26 Profit Rises 41% to ₹25.9 Cr as Revenue Grows 67%

Expert Analysis:

• Strong revenue growth: Garuda Aerospace reported FY26 revenue from operations of ₹206 Cr, up approximately 67% from ₹123.5 Cr in FY25, reflecting growth across its drone products and services.

• Profitability improves: Net profit increased 41% to ₹25.9 Cr, compared with ₹18.4 Cr in FY25. Revenue grew faster than profit, making cost control and margin trends important to monitor.

• IPO plans advance: Garuda Aerospace has received SEBI approval for its proposed IPO. The company plans to raise up to ₹750 Cr through a fresh issue, with a potential additional ₹250 Cr offer for sale (OFS), subject to final offer documents.

• Costs rise faster than revenue: Total expenses increased 73.2% to ₹172.2 Cr, outpacing revenue growth of 66.8%. Higher material costs and increased impairment losses could put pressure on profitability.