Centum FY26 revenue hits record ₹973 crs led by BTS growth
Centum Electronics reported record FY26 standalone revenue of ₹973 crs, up 25.4% YoY, driven by BTS and EMS growth. EBITDA rose 28.4% to ₹121 crs, and the order book grew 22.7% to ₹1,645 crs. However, a standalone net loss of ₹1,170.50 million was reported due to exceptional items of ₹2,033.07 million linked to overseas subsidiaries. The Board recommended a final dividend of ₹5 per share.

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Centum Electronics reported record standalone revenue of ₹973 crs in FY26, marking a 25.4% YoY increase, driven by strong execution in the Build to Specification (BTS) and Electronic Manufacturing Services (EMS) segments. The company’s order book stood at ₹1,645 crs, up 22.7% YoY, while EBITDA grew 28.4% to ₹121 crs. Despite operational growth, the standalone net loss for the year was ₹1,170.50 million, primarily due to exceptional items of ₹2,033.07 million related to overseas subsidiaries. The Board recommended a final dividend of ₹5 per equity share, subject to shareholder approval.
Business and Operational Highlights
The BTS business recorded FY26 revenue growth of 37% YoY, with its order book expanding 28% YoY. Key wins included a marquee AESA Radar order from HAL for the UHM platform (₹570+ crs for the full program) and a second complete Radar System order for satellite and space debris tracking. The EMS business posted FY26 revenue growth of 21% YoY, supported by successful ramp-up for a global semiconductor equipment OEM and new order wins in defence exports. The company achieved SAMAR Maturity Level 5 certification and was awarded the "Committed" badge on EcoVadis.
Financial Performance
Standalone revenue from operations reached ₹9,731 million in FY26, up from ₹7,761 million in FY25. EBITDA margins improved to 12.42% from 12.12% in the previous year. Adjusted ROCE stood at 21.16%, and net working capital days improved to 142 days from 159 days. On a consolidated basis, total income from continuing operations was ₹9,685.65 million, with profit after tax from continuing operations rising 99.9% YoY to ₹1,007.11 million. However, discontinued operations resulted in a consolidated net loss of ₹518.06 million for the year.
| Metric: | FY26 | FY25 |
|---|---|---|
| Standalone Revenue (₹ mn): | 9,731 | 7,761 |
| Standalone EBITDA (₹ mn): | 1,209 | 941 |
| Standalone Net Profit/(Loss) (₹ mn): | (1,171) | 456 |
| Consolidated PAT from Continuing Ops (₹ mn): | 1,007 | 504 |
| Order Book (₹ mn): | 16,448 | 13,410 |
Exceptional Items and Discontinued Operations
Exceptional items included a provision of ₹1,537.83 million for the carrying value of investment in Centum T&S Group Société Anonyme (S.A.) and ₹396.00 million for trade receivables from Canada subsidiaries. The company filed for Redressement Judiciaire for the European entity and decided to discontinue the Canada subsidiaries. Preliminary bids for the European entity were received in April 2026, with final bids expected by June 1, 2026.
Stock Performance
As on March 31, 2026, the stock was trading at ₹2,765.15, with a 52-week high/low of ₹3,066.00/₹1,310.30. The stock delivered approximately 70% returns over the one-year period ending March 31, 2026, outperforming the Sensex. Promoters held 46.88%, DIIs 21.51%, and the Public 31.61% of the shareholding.
Historical Stock Returns for Centum Electronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.53% | -8.22% | +6.42% | +47.37% | +42.32% | +668.19% |
How will the potential sale or restructuring of the European entity impact the company's balance sheet and profitability in FY27?
Can the strong order book growth in the BTS segment be sustained given the reliance on large defence contracts like the AESA Radar?
What is the expected timeline for the EMS business to fully ramp up production for the global semiconductor equipment OEM?


































