IPO-Bound Garuda Aerospace’s FY26 Profit Jumps 41% To ₹25.9 Cr
Garuda Aerospace, an IPO-bound dronetech startup based in Chennai, achieved net profit of ₹25.9 Cr in FY26, a 41.1% increase from ₹18.4 Cr in FY25. Operating revenue surged 66.8% YoY to ₹206 Cr, driven by drone sales (₹99.4 Cr) and Drone-as-a-Service offerings (₹106.5 Cr). The company is expanding manufacturing, R&D, and capabilities in AI, autonomous flight, and defense systems. Its IPO was approved by SEBI in August following confidential pre-filing submission in April.
Key points
- Net profit jumped 41% to ₹25.9 Cr; revenue grew 67% YoY to ₹206 Cr
- Mix of drone sales and Drone-as-a-Service operations driving growth
- SEBI approved IPO in August; public listing in progress
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