Sigma Advanced Systems Limited reported a consolidated net profit of ₹2,680.43 crore for the fiscal year ended March 31, 2026, a significant turnaround from the net loss of ₹139.85 crore recorded in the previous year. The company's standalone net profit for the year stood at ₹2,006.29 crore. The strong full-year performance was primarily driven by a profit on the sale of property amounting to ₹1,873.19 crore in the consolidated results and ₹1,846.37 crore in the standalone results. Adding to this, the company's Q4 results also reflected robust momentum, with consolidated net profit reaching ₹128.45 crore compared to ₹8.65 crore in the same period last year.

Q4 Financial Highlights

For the quarter ended March 31, 2026, Sigma Advanced Systems posted strong year-on-year growth across key metrics. Consolidated net profit for Q4 stood at ₹128.45 crore, compared to ₹8.65 crore in the corresponding quarter of the previous year. Consolidated revenue for Q4 came in at ₹322.82 crore, against ₹56.73 crore recorded in the same period last year, reflecting a sharp increase in business scale. On the operational profitability front, Q4 EBITDA rose to ₹60.00 crore from ₹27.80 crore in the same period last year, though the EBITDA margin contracted to 18.58% from 49% year-on-year.

Full-Year Financial Performance

The board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Total revenue from operations for the consolidated entity increased to ₹4,918.77 crore in FY26 from ₹1,073.56 crore in the previous year. On a standalone basis, revenue from operations rose to ₹1,576.42 crore from ₹1,073.56 crore. The company's total comprehensive income for the consolidated year was ₹2,686.34 crore.

Board Decisions and Appointments

During the meeting held on May 25, 2026, the board approved the re-appointment of Mr. Sivalenka Kalyan Vijay as a Non-Executive Independent Director for a second term of five consecutive years effective from June 28, 2026. Additionally, the board accepted the resignation of Mr. Thakur Vishal Singh as Company Secretary and Compliance Officer, effective May 24, 2026, and appointed Mr. Krishna Chaitanya Sadhu as the new Company Secretary and Compliance Officer effective May 25, 2026.

Operational and Compliance Updates

The company confirmed that it has nil defaults on loans and debt securities for the quarter ended March 31, 2026. The trading window for dealing in the company's securities will reopen 48 hours after the declaration of the financial results. The board also noted compliance with Regulation 17 of the SEBI (LODR) Regulations, 2015 regarding board constitution.

Sigma Advanced Systems (formerly Megasoft Limited) has secured an export order worth USD 11.4 Mn (~INR 107 Cr) from a customer in North America for the supply of 90,000 units of Filled Fuzes for 155 mm artillery shells. The announcement was made on May 14, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order pertains specifically to Point Detonating M557 Filled Fuzes, a critical component of 155 mm artillery ammunition.

Order Details

The following table summarises the key parameters of the export order:

The contract is to be executed over a ten-month period, with deliveries scheduled for completion within this timeframe. Manufacturing will be carried out in India, in compliance with applicable defense export regulations and norms. The company stated that the order is being executed through its in-house capabilities, leveraging its Build-to-Spec expertise developed over decades of experience serving Indian defense customers.

Strategic Significance

This export order represents a notable milestone for Sigma Advanced Systems. Historically, the company has focused on partnerships with global OEMs for the Indian market. This engagement signals a shift towards direct export relationships, underlining its growing capabilities and credibility as a global supplier. The company also highlighted that this order could open the door for follow-on contracts from the same customer, indicating the potential for a longer-term engagement pipeline, with its in-house R&D capability expected to provide an edge in securing repeat orders.

Product Context

The 155 mm artillery shell is among the most widely deployed artillery munitions globally. The order for Point Detonating M557 Filled Fuzes addresses a critical component requirement within this ammunition category. Known for their reliability and versatility, 155 mm munitions are compatible with a broad range of artillery gun systems currently in service worldwide.

Management Commentary

Sunil Kalidindi, CEO & ED, Sigma Advanced Systems, commented on the announcement:

"This order marks a significant milestone for Sigma Advanced Systems and reflects the growing global confidence in Indian defense manufacturing capabilities. Securing a direct export engagement of this scale highlights our evolution into a trusted global supplier and underscores the strength of our in-house engineering, precision manufacturing, and R&D expertise developed over decades of serving the Indian defense sector."

He further added:

"As demand for reliable artillery ammunition components continues to grow globally, we see strong long-term potential in this segment. This engagement further strengthens our international footprint while reinforcing our commitment to supporting India's emergence as a global defense manufacturing hub."

Company Overview

Sigma Advanced Systems is a globally integrated aerospace and defence company with more than three decades of manufacturing experience. Operating across India and the UK, with expansion underway in the United States, the company is among the largest India-headquartered manufacturers of aero-engine and aerostructure components. The company works closely with global aerospace and defence OEMs at the program level through long-term agreements and delegated responsibilities, combining customer proximity in Western markets with India's manufacturing base to deliver high-complexity, safety-critical components, assemblies, and systems across aerospace, defence, and emerging technologies.