ASM Technologies FY26 Audited Results: Revenue Doubles, Rs.12 Final Dividend Declared
ASM Technologies' board approved FY26 audited results on May 9, 2026, with standalone revenue doubling to Rs.4,797.86 mn and net profit rising to Rs.639.92 mn. A final dividend of Rs.12.00 per share was recommended, and in-principal NSE listing approval was granted. The company subsequently filed Regulation 47 newspaper advertisements on May 11, 2026, publishing the financial results extract in English and Kannada newspapers, with consolidated FY26 net profit at Rs.607.59 mn and basic EPS at Rs.41.65.
*this image is generated using AI for illustrative purposes only.
ASM Technologies disclosed the outcome of its Board of Directors meeting held on May 9, 2026, filed under Regulation 30 and Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, recommended a final dividend of Rs.12.00 per share (120% on par value of Rs.10/-), and granted in-principal approval for listing on the National Stock Exchange of India Limited. The communication was digitally signed by Company Secretary & Compliance Officer Vanishree Kulkarni (FCS: 13306). The statutory auditors, B K Ramadhyani & Co LLP (Firm Registration No. 002878S/S200021), issued an unmodified audit opinion dated May 9, 2026, on both standalone and consolidated financial results. Subsequently, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, ASM Technologies filed copies of newspaper advertisements pertaining to the financial results for the quarter and year ended March 31, 2026, published in English and Kannada newspapers, with the filing dated May 11, 2026.
Board Meeting Outcomes
The Board of Directors convened on Saturday, May 9, 2026, with the meeting commencing at 4:00 PM and concluding at 9:40 PM. The key decisions taken at the meeting are summarised below:
| Parameter: | Details |
|---|---|
| Meeting Date: | Saturday, May 9, 2026 |
| Regulatory Reference: | Regulation 30 & 33(3), SEBI (LODR) Regulations, 2015 |
| Results Approved: | Audited Financial Results (Standalone & Consolidated) |
| Period Covered: | Quarter and Year ended March 31, 2026 |
| Final Dividend: | Rs.12.00 per share (120% on par value of Rs.10/-) |
| NSE Listing: | In-principal approval granted |
| Internal Auditor: | M/s. Venu & Vinay Chartered Accountants appointed for 2026-27 |
The final dividend of Rs.12.00 per share is subject to approval of members at the ensuing Annual General Meeting. The board also appointed M/s. Venu & Vinay Chartered Accountants (Unique Identification No. 010010S) as Internal Auditors for the year 2026-27. The company confirmed it is not classified as a Large Corporate under SEBI's debt securities framework, with outstanding borrowings of Rs.68.68 crore as on March 31, 2026 and a credit rating of BBB+ from Crisil.
Financial Performance — Standalone & Consolidated
ASM Technologies reported a significant improvement in financial performance for the year ended March 31, 2026. The following table presents key financial metrics on both a standalone and consolidated basis (Rs. in million):
| Metric: | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Revenue from Operations: | 4,797.86 | 2,397.73 | 5,285.17 | 2,888.10 |
| Other Income: | 107.84 | 148.40 | 79.92 | 88.03 |
| Total Income: | 4,905.70 | 2,546.13 | 5,365.09 | 2,976.13 |
| Total Expenses: | 4,023.22 | 2,183.91 | 4,502.11 | 2,631.36 |
| Profit Before Tax: | 866.36 | 358.43 | 841.15 | 341.25 |
| Net Profit: | 639.92 | 262.95 | 607.59 | 250.63 |
| Total Comprehensive Income: | 658.75 | 255.31 | 568.97 | 237.15 |
| Basic EPS (Rs.): | 53.78 | 22.33 | 41.65 | 21.28 |
For the quarter ended March 31, 2026, standalone revenue from operations stood at Rs.1,245.15 million compared to Rs.845.05 million in the corresponding quarter of the previous year. Standalone net profit for the quarter was Rs.177.23 million against Rs.146.51 million in the same period last year. On a consolidated basis, quarterly revenue from operations was Rs.1,351.18 million versus Rs.1,145.07 million, with net profit at Rs.167.54 million compared to Rs.150.97 million.
Newspaper Advertisement — Extracted Financial Results
In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015, ASM Technologies published an extract of its financial results in English and Kannada newspapers. The advertisement was filed with BSE Limited on May 11, 2026, signed by Vanishree Kulkarni, Compliance Officer & Company Secretary. The extract, signed by Managing Director Rabindra Srikantan (DIN: 00024584), presents the following key figures (Rs. in million):
| Particulars: | Standalone Q4 FY26 (Audited) | Standalone Q3 FY26 (Unaudited) | Standalone Q4 FY25 (Audited) | Standalone FY26 (Audited) | Standalone FY25 (Audited) |
|---|---|---|---|---|---|
| Total Income from Operations (Net): | 1,292.81 | 1,067.00 | 881.34 | 4,805.70 | 2,546.13 |
| Profit Before Tax: | 230.02 | 161.39 | 179.10 | 882.48 | 362.22 |
| Profit After Tax: | 177.23 | 101.17 | 146.51 | 639.92 | 262.95 |
| Equity Share Capital: | 118.77 | 117.74 | 117.74 | 118.77 | 117.74 |
| Reserves (excl. Revaluation Reserve): | — | — | — | 3,221.95 | 1,738.62 |
| Basic & Diluted EPS (before extraordinary items) (Rs.): | 12.15 | 6.83 | 12.46 | 53.78 | 22.33 |
| Basic & Diluted EPS (after extraordinary items) (Rs.): | 12.15 | 6.83 | 10.18 | 53.78 | 18.15 |
| Particulars: | Consolidated Q4 FY26 (Audited) | Consolidated Q3 FY26 (Unaudited) | Consolidated Q4 FY25 (Audited) | Consolidated FY26 (Audited) | Consolidated FY25 (Audited) |
|---|---|---|---|---|---|
| Total Income from Operations (Net): | 1,390.09 | 1,177.32 | 1,157.93 | 5,365.09 | 2,976.13 |
| Profit Before Tax: | 227.11 | 157.28 | 216.17 | 826.98 | 344.77 |
| Profit After Tax: | 167.54 | 93.12 | 150.97 | 607.59 | 250.63 |
| Equity Share Capital: | 118.77 | 117.74 | 117.74 | 118.77 | 117.74 |
| Reserves (excl. Revaluation Reserve): | — | — | — | 2,924.51 | 1,532.49 |
| Basic & Diluted EPS (before extraordinary items) (Rs.): | 11.48 | 6.38 | 4.40 | 41.65 | 21.28 |
| Basic & Diluted EPS (after extraordinary items) (Rs.): | 11.48 | 6.38 | 3.55 | 41.65 | 17.30 |
The full format of the quarterly financial results is available on the BSE website at www.bseindia.com and on the company's website at www.asmltd.com .
Segment Performance
ASM Technologies operates across two segments — Engineering R&D Services (ERD) and Design Led Manufacturing (DLM). The following table summarises segment-wise revenue for the full year (Rs. in million):
| Segment: | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Services — Export: | 799.23 | 474.86 | 919.37 | 610.28 |
| Services — Domestic: | 1,531.10 | 1,381.31 | 1,520.20 | 1,498.20 |
| Total Services Revenue: | 2,330.33 | 1,856.17 | 2,439.57 | 2,108.48 |
| Manufacturing — Export: | 133.79 | 101.52 | 135.33 | 101.68 |
| Manufacturing — Domestic: | 2,333.74 | 440.04 | 2,710.27 | 677.94 |
| Total Manufacturing Revenue: | 2,467.53 | 541.56 | 2,845.60 | 779.62 |
| Total Revenue from Operations: | 4,797.86 | 2,397.73 | 5,285.17 | 2,888.10 |
Segment profit before interest and tax on a standalone basis rose to Rs.1,249.52 million in FY26 from Rs.724.76 million in FY25. On a consolidated basis, segment profit before interest and tax was Rs.1,298.82 million compared to Rs.806.88 million in the previous year.
Balance Sheet Highlights
The company's balance sheet as at March 31, 2026 reflects a notable expansion in the asset base. Key balance sheet metrics are presented below (Rs. in million):
| Particulars: | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Total Non-Current Assets: | 1,885.01 | 728.73 | 2,047.92 | 1,089.63 |
| Total Current Assets: | 3,370.39 | 2,218.72 | 2,981.25 | 1,813.75 |
| Total Assets: | 5,255.40 | 2,947.45 | 5,029.17 | 2,903.38 |
| Total Equity: | 3,367.84 | 1,857.39 | 3,070.40 | 1,651.27 |
| Total Non-Current Liabilities: | 776.02 | 203.43 | 817.02 | 215.30 |
| Total Current Liabilities: | 1,111.54 | 886.63 | 1,141.75 | 1,036.81 |
| Paid-up Equity Share Capital: | 145.89 | 118.77 | 145.89 | 118.77 |
Cash Flow Summary
The following table presents key cash flow metrics for the year ended March 31, 2026 (Rs. in million):
| Particulars: | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Net Cash from Operating Activities: | 370.72 | (184.86) | 680.01 | (234.83) |
| Net Cash from Investing Activities: | (1,569.22) | 210.30 | (1,655.64) | 326.97 |
| Net Cash from Financing Activities: | 1,217.89 | (25.41) | 1,015.80 | (91.39) |
| Net Increase/(Decrease) in Cash: | 19.38 | 0.03 | 40.17 | 0.75 |
| Cash & Equivalents — End of Year: | 22.50 | 3.13 | 62.93 | 22.76 |
Auditor Notes and Key Disclosures
The auditors drew attention to the company's non-current investments in Eclectic IQ (formerly Polylogyx) and Lavelle Networks Private Limited, carried at a cost of Rs.8.03 million and Rs.55.00 million respectively, with disclosed fair values of Rs.12.65 million and Rs.64.25 million. The company is in the process of obtaining formal valuation reports for these investments as per Ind AS 109. Management has represented that no impairment exists as at the reporting date, and the auditors' opinion is not modified in respect of this matter.
The consolidated results include unaudited financial statements of certain subsidiaries — ASM Technologies Vietnam Company Limited, ASM Engineering Pvt Limited (UK), and its subsidiary ASM Digital Engineering Pvt Limited (UK) — reflecting total assets of Rs.52.11 million, total revenues of Rs.98.06 million, and total net profit after tax of Rs.2.05 million. Two overseas subsidiaries, ASM Digital Technologies Pte Ltd (Singapore) and ASM Technologies KK (Japan), have accumulated losses exceeding their share capital, with total liabilities exceeding total assets by Rs.23.97 million (SGD 3,27,623) and Rs.9.61 million (JPY 1,51,01,235) respectively. The holding company's board is authorised to infuse further funds as required, and management has drawn up an action plan to reduce operating costs.
During the quarter ended March 31, 2024, the company made a preferential allotment of 8,00,000 equity shares of Rs.10/- each at a premium of Rs.460.70 per share and issued share warrants of 28,14,390 convertible at Rs.470.70 per warrant, receiving a total of Rs.1,700 million. During the quarter ended September 2025, the company allotted 15,56,984 equity shares. An amount of Rs.252.80 million was spent towards general corporate purposes and Rs.865.00 million towards organic and inorganic growth, with the balance invested in fixed deposits and mutual funds.
Insider Trading Compliance
In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for Directors, officers, and designated employees was closed from April 1, 2026 to May 12, 2026, both days inclusive. The intimation was addressed to the Department of Corporate Services, Bombay Stock Exchange Limited, and was digitally signed by Vanishree Kulkarni in her capacity as Company Secretary & Compliance Officer.
Historical Stock Returns for ASM Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.49% | +3.20% | +1.14% | -10.01% | +52.92% | +2,343.29% |
How will ASM Technologies' NSE listing affect its stock liquidity, institutional investor participation, and overall market valuation compared to its current BSE-only presence?
Given the dramatic ~356% surge in domestic manufacturing revenue, which specific sectors or clients are driving this growth and how sustainable is this trajectory into FY27?
With two overseas subsidiaries in Singapore and Japan reporting liabilities exceeding assets, what is the management's concrete timeline and strategy for turning these operations profitable or restructuring them?
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