Vinyas FY26 net profit rises 59% to ₹30.87 Cr on strong demand
Vinyas Innovative Technologies reported a 58.92% rise in FY26 net profit to ₹30.87 crore, driven by strong demand in defence and aerospace. Revenue surged 29.45% to ₹514.32 crore, with an order book of ₹1,309.06 crore providing multi-year visibility. Management expects FY27 EBITDA margins of 11-12% and order inflows growth of 25-30%.
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Vinyas Innovative Technologies reported a net profit of ₹30.87 crore for the financial year ended March 31, 2026, a 58.92% increase from ₹19.42 crore in the previous year. Revenue from operations surged 29.45% to ₹514.32 crore for FY26, compared to ₹396.64 crore in FY25, driven by the company's defence and aerospace segments. The company's order book stands at ₹1,309.06 crore as of March 31, 2026, providing 18 to 24 months of visibility, while total order wins for the year reached ₹960.38 crore.
Financial Performance
The company’s total income for FY26 stood at ₹518 crore, up from ₹400.15 crore in the prior year. Profit before tax for the year increased to ₹42.14 crore from ₹25.33 crore in FY25. EBITDA rose 46% to ₹64.77 crore, with margins improving to 12.5% from 11.09% in the previous year. For the half-year ended March 31, 2026, the company recorded a net profit of ₹21.53 crore on revenue of ₹303.59 crore.
| Metric | FY26 (₹ in Cr) | FY25 (₹ in Cr) |
|---|---|---|
| Revenue from operations | 514.32 | 396.64 |
| Total Income | 518.00 | 400.15 |
| Total Expenses | 41.42 | 33.05 |
| EBITDA | 64.77 | 44.36 |
| Profit before tax | 42.14 | 25.33 |
| Net Profit | 30.87 | 19.42 |
| Basic EPS (₹) | 24.36 | 15.43 |
Strategic Developments
Vinyas achieved NADCAP accreditation for Electronics and PCB Assemblies in June 2025. The Board approved the disclosure regarding a Wholly Owned Subsidiary incorporated in India, Vinyas Technologies Private Limited, to undertake business activities in electronics manufacturing services. The entity, incorporated in December 2025, is yet to commence business operations. The company successfully raised ₹150 crore in capital and is expanding by adding an additional 25,000 sq.ft of Class 3 facility to support System Integration.
Business Outlook and Guidance
During the earnings conference call, management stated that the defence sector contributes 85% to 90% of the order book. The company is undertaking a capacity expansion with a capex of ₹30 crore, expected to be completed in two to three months, which will increase peak revenue capacity to ₹2,000 crore to ₹2,100 crore. Current capacity utilization is between 35% to 40%. For FY27, the company expects EBITDA margins to be between 11% to 12% and anticipates order inflows to be 25% to 30% higher than the previous financial year. Exports contributed nearly 50% to revenue in FY26, primarily from Europe and the US.
Auditor Appointments
Based on the Audit Committee's recommendation, the Board approved the re-appointment of M/s. Gargesh & Co, Chartered Accountants, as Internal Auditors for FY27. Additionally, S. Mallikarjuna Rao, Cost Accountant, was re-appointed as the Cost Auditor for the financial year 2026-27. The company also recognized an additional liability of ₹495.69 lakh towards gratuity and ₹158.29 lakh towards leave encashment during the half-year ended March 31, 2026, following the notification of new Labour Codes.
Historical Stock Returns for Vinyas Innovative Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.52% | +8.02% | +48.89% | +22.89% | +44.40% | +316.72% |
How will the company utilize the raised ₹150 crore capital and the new Wholly Owned Subsidiary to diversify beyond its current 85-90% defence dependency?
What specific strategies will be employed to significantly increase capacity utilization from the current 35-40% to the newly expanded peak revenue potential of ₹2,100 crore?
Given the 50% export contribution, how does the company plan to mitigate potential geopolitical risks or trade barriers in its key markets of Europe and the US?
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