Antariksh Industries FY26 Results: Revenue falls 88% to ₹516.66 lakh
- Revenue from operations fell 88.20% YoY to ₹516.66 lakh for FY26
- Net profit after tax declined 88.83% to ₹6.15 lakh from ₹55.03 lakh
- Current ratio surged to 23.27 times due to reduced receivables and payables
- Board recommends 5% final dividend of ₹0.50 per equity share
- Change in control saw Mrs. Gitaben Nitinbhai Patel acquire 75.30% stake
*this image is generated using AI for illustrative purposes only.
Antariksh Industries reported a sharp contraction in financial performance for FY26, with revenue from operations falling 88.20% year-on-year to ₹516.66 lakh. Net profit after tax (PAT) declined 88.83% to ₹6.15 lakh, compared to ₹55.03 lakh in the previous fiscal year.
The company's Board of Directors recommended a final dividend of 5%, translating to ₹0.50 per equity share of face value ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Financial Performance
The significant drop in profitability was driven by lower business execution and project activity during the year under review. Total expenditure excluding depreciation and finance costs stood at ₹507.87 lakh, down from ₹4,304.67 lakh in FY25.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹516.66 lakh | ₹4,379.16 lakh | -88.20% |
| Profit Before Tax | ₹8.79 lakh | ₹74.49 lakh | -88.20% |
| Profit After Tax | ₹6.15 lakh | ₹55.03 lakh | -88.83% |
| EPS (Basic) | ₹3.00 | ₹26.85 | -88.83% |
What the Numbers Show
A key divergence in the balance sheet signals improved short-term liquidity despite the revenue collapse. The current ratio surged 1,710.02% to 23.27 times from 1.29 times in FY25. This spike was primarily due to a substantial decrease in trade receivables, which fell to ₹156.54 lakh from ₹379.07 lakh, alongside a sharp reduction in trade payables to ₹1.03 lakh from ₹547.09 lakh. The company maintained a positive net profit margin of 1.19%, narrowly down from 1.26% in the prior year.
Corporate Developments
The company underwent a change in control during the year, with Mrs. Gitaben Nitinbhai Patel acquiring 75.30% of the paid-up equity share capital. Consequently, the Board was reconstituted, with Mrs. Ekta Shyamlal Haryani appointed as Managing Director effective November 5, 2025.
The registered office was shifted from Maharashtra to Ahmedabad, Gujarat, effective April 1, 2026. Additionally, the company expanded its main objects to include real estate, infrastructure, textiles, and IT services.
AGM Details
The 51st AGM is scheduled for September 29, 2026, at 2:30 pm at the registered office in Ahmedabad. Key agenda items include:
- Adoption of audited financial statements for FY26
- Declaration of final dividend
- Re-appointment of Mr. Nilesh Hasmukhbhai Kothari as Non-Executive Director
- Appointment of M/s. Nitin K Shah & Co. as Statutory Auditors for five years
Historical Stock Returns for Antariksh Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | +12.47% | 0.0% | 0.0% | 0.0% | 0.0% |
How will the expansion into real estate, infrastructure, textiles, and IT services impact Antariksh Industries' revenue recovery trajectory in FY27?
What specific strategies has the new management team, led by MD Mrs. Ekta Shyamlal Haryani, outlined to address the 88% drop in project execution and business activity?
Does the surge in the current ratio to 23.27 times indicate efficient working capital management or a lack of productive investment opportunities for the company?
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