Apsis Aerocom Limited reported a 49.56% year-on-year increase in revenue from operations to ₹30.65 crore for the financial year ended March 31, 2026, driven by strong execution across its aerospace, defence and healthcare segments. The company’s profit after tax rose 13.8% to ₹7.5 crore, while EBITDA stood at ₹11.4 crore. The order book position remains robust at ₹40.5 crore, providing visibility for the upcoming financial year.

Financial Performance

The defence segment was the largest contributor, accounting for approximately 65% of total revenue at around ₹20 crore. The aerospace segment contributed 26%, generating ₹7.85 crore, while healthcare added 8%. Despite a moderation in EBITDA margins to 37% from 49% in the previous year, due to listing expenses and costs associated with the delayed commencement of Unit 2, profitability improved. Earnings per share increased to ₹8.4 from ₹7.5 in the previous year.

Operational Highlights

The company developed over 250 new components during the year, with a quality rating exceeding 99% and customer satisfaction above 95%. To support future growth, Apsis Aerocom is investing approximately ₹60 crore in Unit 2, a new precision machining facility at the Hitech Aerospace and Defence Park in Bangalore. The facility is scheduled to commence operations by the end of July or early August, with eight machines already installed. Management targets FY27 revenue of approximately ₹48 crore, with Unit 2 expected to contribute significantly.

Strategic Outlook

Looking ahead, the company aims to reduce customer concentration, with the top customer contribution dropping to 35% from 52%. The management expressed confidence in achieving a revenue target of ₹500 crore over the next five years, supported by a pipeline of orders exceeding ₹100 crore and a conversion rate of around 30%. Unit 3 is also planned for future expansion to add value through mechanical assemblies and new product lines.

apsis aerocom reported a net profit of ₹751.06 lakh for the financial year ended March 31, 2026, reflecting a 13.7% increase compared to the prior year. Revenue from operations rose 49.5% to ₹3,064.52 lakh from ₹2,049.06 lakh in FY25, driven by robust operational performance. The company’s earnings per share (EPS) improved to ₹8.40 from ₹7.50 in the previous year.

The Board of Directors approved the audited financial results for the half year and financial year ended March 31, 2026 during a meeting held on May 28, 2026. Statutory auditors YCRJ & Associates issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit report highlighted that the company's equity shares were listed on the SME Platform of the National Stock Exchange on March 18, 2026.

Financial Performance

Total revenue for FY26 stood at ₹3,075.27 lakh, up from ₹2,057.04 lakh in the previous year. Total expenses increased to ₹2,045.43 lakh from ₹1,148.31 lakh, primarily due to higher costs of material consumed and employee benefit expenses. Profit before tax for the year was ₹1,029.84 lakh, compared to ₹893.61 lakh in FY25.

For the half year ended March 31, 2026, the company reported a net profit of ₹424.33 lakh on revenue of ₹1,699.40 lakh. This period's performance was derived as the balancing figure between the audited full-year results and the unaudited figures for the six months ended September 30, 2025.

Balance Sheet and Cash Flows

The company’s balance sheet strengthened significantly post-IPO, with share capital increasing to ₹1,205.19 lakh as of March 31, 2026, from ₹97.78 lakh a year earlier. Reserves and surplus grew to ₹3,684.96 lakh. Total assets expanded to ₹6,317.64 lakh, bolstered by cash and cash equivalents of ₹3,650.51 lakh, compared to ₹110.89 lakh in the previous year.

Cash flow from operating activities improved to ₹703.51 lakh in FY26 from ₹4.95 lakh in FY25. Cash flow from financing activities was positive at ₹3,340.87 lakh, largely due to the proceeds from the IPO. The company raised gross proceeds of ₹3,577.20 lakh through its IPO, which opened on March 11, 2026, and closed on March 13, 2026.

IPO Fund Utilization

The company reported no deviation or variation in the utilization of IPO proceeds. As of March 31, 2026, ₹455.00 lakh had been utilized, primarily for IPO expenses. The remaining funds are allocated for capital expenditure towards the purchase of machinery and general corporate purposes. The Audit Committee reviewed the utilization and confirmed compliance with the objects stated in the prospectus.