Trident Techlabs Limited reported a 27% increase in consolidated revenue to ₹97.24 crore for the year ended March 31, 2026, while consolidated profit after tax (PAT) declined 47% to ₹6.07 crore. On a standalone basis, revenue grew 26.8% to ₹97.08 crore and PAT rose over 9% to ₹12.56 crore. The decline in consolidated PAT was attributed to deliberate upfront investments in the semiconductor subsidiary and international expansion in the UAE. The company has guided for a 30% CAGR in revenue, EBITDA, and PAT over the next three years on a consolidated basis.

Financial Performance

The company strengthened its balance sheet during the year, with cash reserves improving from ₹6.48 crore to ₹19.1 crore and net worth reaching ₹68.91 crore. Despite revenue growth, standalone EBITDA margins dipped from 25% to 21% due to dollar fluctuations and increased manpower costs for new verticals. Receivables stood at approximately ₹58 crore, with the receivable days reducing from 300 to 216 days.

Operational Highlights

FY26 was a landmark year for order wins, securing a ₹17.73 crore order from DRDO, the largest defense order in the company's history. Additional orders included ₹26.95 crore from KSEB and ₹4.1 crore from BEML. The company operates across four verticals: Power Solutions, Engineering Solutions, Cybersecurity, and Semiconductor.

Strategic Outlook

Management emphasized a shift from a software reseller to a solution provider, targeting a 50-50 split between products and services in the power sector. The semiconductor vertical is expected to generate revenue immediately, though profitability is anticipated in three years. The company aims to reduce dependency on lumpy government orders by increasing private sector business, which currently accounts for a structured portion of revenue.

Trident Techlabs Limited reported a 27% increase in standalone revenue from operations to ₹97.08 crore for the fiscal year ended March 31, 2026, driven by sustained demand across its core engineering and cyber security verticals. The company’s standalone net profit rose 9.1% to ₹12.56 crore, while consolidated net profit declined to ₹6.07 crore due to planned capability-building investments in its semiconductor design subsidiary and international operations. The Board of Directors approved the audited financial results on May 22, 2026, with statutory auditors issuing an unmodified opinion.

Standalone Financial Performance

For the full year ended March 31, 2026, standalone revenue from operations grew from ₹76.57 crore in FY25 to ₹97.08 crore. Total revenue increased to ₹98.23 crore. Profit before tax rose 7.5% to ₹16.69 crore, leading to a net profit of ₹12.56 crore, up from ₹11.52 crore in the previous year. Basic earnings per share improved to ₹7.27 from ₹6.66. The company strengthened its balance sheet, with reserves rising to ₹51.63 crore and cash and bank balances increasing to ₹19.10 crore.

Consolidated Results and Strategic Investments

On a consolidated basis, revenue from operations increased 27% to ₹97.24 crore. However, consolidated net profit decreased 47.3% to ₹6.07 crore, primarily due to investments in Techlabs Semiconductor Private Limited, where the company holds a 95% equity stake, and wholly owned subsidiary Trident Techlabs L.L.C-FZ. These entities are in an investment and capability-building phase, with costs recognised ahead of revenue generation. The semiconductor design business follows an investment-led model where revenue is expected to accrue progressively as engagements mature.

Financial Highlights FY26

Operational Outlook

The company operates across power and electronics engineering, design and automation, cyber security services, and semiconductor design services. Management attributed the performance to strong structural tailwinds in India’s electronics and semiconductor ecosystem. Looking ahead, Trident Techlabs aims to scale its semiconductor design and international operations while maintaining momentum in its core businesses, focusing on execution visibility and operational efficiency.