Business · Updated 23 Oct, 04:51 pm IST
Garuda Aerospace posts 41% jump in FY26 profit, readies ₹750 Cr IPO
Why it matters for readers: Explains that drone companies are expanding into services and AI, not just selling hardware.
- Net profit for FY26 was ₹25.9 crore, a 41.1% increase from ₹18.4 crore the prior year.1
- Operating revenue grew 66.8% year-on-year to ₹206 crore, split between ₹99.4 crore from drone and parts sales and ₹106.5 crore from services.1
- The board approved plans for a ₹750 crore initial public offering and a concurrent ₹57.2 crore private placement of equity shares.1
- Garuda said it expanded manufacturing, Drone-as-a-Service operations and investments in AI, autonomous flight, data analytics and defence systems.1
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