business
IPO-Bound Garuda Aerospace’s FY26 Profit Jumps 41% To ₹25.9 Cr
Garuda Aerospace's FY26 profit jumped 41% to ₹25.9 Cr as the dronetech startup prepares for its IPO.
Key points
- Garuda Aerospace's FY26 operating revenue reached ₹206 Cr, driven by ₹106.5 Cr in services and ₹99.4 Cr in drone sales.
- The company's board approved a ₹57.2 Cr private placement in August involving investors like Vimaan Innovators LLP and Aditum Management.
- SEBI greenlit the startup's IPO in August, with plans to raise up to ₹750 Cr through a fresh issue component.
Why it matters. The financial growth and pending IPO of India's largest drone maker could signal expanding market maturity for the domestic dronetech and defense sectors.
Chennai-based Garuda Aerospace reported a FY26 net profit of ₹25.9 Cr, a 41.1% increase from ₹18.4 Cr. Operating revenue rose 66.8% to ₹206 Cr, with ₹106.5 Cr coming from services and ₹99.4 Cr from drone sales. Cofounder Agnishwar Jayaprakash attributed growth to expanded Drone-as-a-Service operations and AI capabilities. The board previously approved raising up to ₹750 Cr via a fresh IPO issue.
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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… 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 st.