Niks Technology FY26 net profit falls 55% to ₹20.38 lakh
Niks Technology reported a 55% decline in net profit to ₹20.38 lakh for the financial year ended March 31, 2026, compared to ₹45.05 lakh in the previous year. Revenue from operations for the year stood at ₹689.71 lakh, a decrease of 23% from ₹900.95 lakh in FY25. The Board also approved the re-appointment of M/s. R Shukla & Co. as Internal Auditor for FY 2026-27.
*this image is generated using AI for illustrative purposes only.
niks technology reported a 55% decline in net profit to ₹20.38 lakh for the financial year ended March 31, 2026, compared to ₹45.05 lakh in the previous year. Revenue from operations for the year dropped 23% to ₹689.71 lakh from ₹900.95 lakh in FY25, primarily driven by the Drone Spray Services segment. The company's Board approved the audited financial results during a meeting held on May 29, 2026.
Financial Performance
The company's total income for the year stood at ₹690.17 lakh, down from ₹909.29 lakh in the previous year. Total expenses decreased to ₹662.69 lakh in FY26 from ₹844.98 lakh in FY25. Profit before tax for the year was ₹27.48 lakh, a significant decrease from ₹64.31 lakh in the prior year. The basic earnings per share (EPS) for the year declined to ₹4.08 from ₹9.74 in the previous year.
For the half-year ended March 31, 2026, the company reported a net profit of ₹7.09 lakh on revenue of ₹158.65 lakh. In comparison, the half-year ended March 31, 2025, saw a net profit of ₹17.41 lakh on revenue of ₹397.88 lakh.
Segment Reporting
Revenue from the Drone Spray Services segment, the primary business vertical, stood at ₹689.71 lakh for FY26, compared to ₹734.81 lakh in the previous year. The Drone Parts Sale segment reported no revenue for the current year, down from ₹158.19 lakh in FY25. The segment result for Drone Spray Services was ₹123.80 lakh, while the unallocated expenses amounted to ₹96.32 lakh.
Board Decisions and Disclosures
The Board of Directors approved the re-appointment of M/s. R Shukla & Co. as Internal Auditor for FY 2026-27, based on the recommendation of the Audit Committee. The company also submitted the Integrated Filing (Financial) for the half year and year ended March 31, 2026, confirming that there were no deviations in the use of proceeds, outstanding defaults on loans, or related party transactions requiring disclosure.
Auditor's Report
M/s. Jay Gupta & Associates, the Statutory Auditors, issued an unmodified opinion on the standalone financial results. The auditors confirmed that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and give a true and fair view of the company's financial performance.
| Financial Metric | FY26 (₹ in Lacs) | FY25 (₹ in Lacs) |
|---|---|---|
| Revenue from Operations | 689.71 | 900.95 |
| Total Income | 690.17 | 909.29 |
| Total Expenses | 662.69 | 844.98 |
| Profit Before Tax | 27.48 | 64.31 |
| Net Profit | 20.38 | 45.05 |
| Basic EPS | 4.08 | 9.74 |
Historical Stock Returns for NIKS Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -9.73% | -9.73% | -17.14% | -23.85% | +73.71% |
What strategic initiatives will Niks Technology implement to reverse the 23% revenue decline in the Drone Spray Services segment?
Does the zero revenue from the Drone Parts Sale segment indicate a permanent exit from this business vertical?
How does the company plan to manage unallocated expenses, which accounted for a significant portion of total costs in FY26?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
