Vivid Electromech FY26 PAT Jumps 61.9% to ₹31.61 Crore
Vivid Electromech Limited reported robust FY26 results with revenue growing 28.9% to ₹200.14 crore and PAT increasing 61.9% to ₹31.61 crore. EBITDA margin expanded 456 bps to 23.06% driven by operating leverage. Following its NSE SME listing, the company is expanding capacity with a new Ambernath facility and targets 35-40% revenue growth in FY27.
*this image is generated using AI for illustrative purposes only.
Vivid Electromech Limited announced its audited financial results for the year ended March 31, 2026, reporting a significant surge in profitability. The company achieved a record revenue of ₹200.14 crore, representing a year-on-year growth of 28.9%. Profit After Tax (PAT) for the fiscal year increased by 61.9% to ₹31.61 crore, compared to ₹19.52 crore in the previous year. The Board of Directors approved the results during a meeting held on May 14, 2026.
Operational Performance
The strong financial performance was driven by robust order execution and a richer product mix. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) grew by 60.7% to ₹46.16 crore. Consequently, the EBITDA margin expanded by 456 basis points to 23.06% for FY26, up from 18.50% in FY25. Profit Before Tax (PBT) also saw substantial growth, rising 66.2% to ₹43.75 crore.
The following table summarizes the key financial metrics for the period (₹ in Crores):
| Particulars | H2 FY26 | H2 FY25 | FY26 | FY25 | YoY % (FY) |
|---|---|---|---|---|---|
| Revenue from Operations | 129.57 | 101.26 | 200.14 | 155.32 | +28.86% |
| EBITDA | 32.34 | 20.74 | 46.16 | 28.73 | +60.66% |
| Profit Before Tax | 30.93 | 20.01 | 43.75 | 26.32 | +66.24% |
| Profit After Tax | 22.16 | 15.64 | 31.61 | 19.52 | +61.93% |
| EPS (₹) | 31.65 | 22.33 | 45.13 | 27.87 | +61.93% |
Strategic Developments and Expansion
FY26 marked a transformational milestone for the company with its successful listing on the NSE SME Emerge platform on April 7, 2026. To support its next phase of growth, Vivid Electromech is establishing a new manufacturing facility at Ambernath, Thane. Spread across approximately 85,800 sq. ft., the facility is expected to nearly triple manufacturing capacity once fully operational. The company targets completing the ramp-up by the end of Q1 FY27.
Financial Position and Outlook
The company deployed ₹22.17 crore in Property, Plant, and Equipment (PPE) during the year, with Capital Work-in-Progress standing at ₹13.37 crore. Net Worth expanded to ₹73.40 crore, resulting in a Return on Equity (RoE) of approximately 43%. Looking ahead, management targets revenue growth of approximately 35–40% in FY27 while maintaining corresponding margins, supported by a healthy order pipeline and increased capacity.
How will the Ambernath facility's 3x capacity expansion translate into revenue and margin outcomes beyond FY27, and can the company sustain its ~23% EBITDA margin at significantly higher utilization levels?
Given that trade receivables nearly doubled to ₹116.5 crore against revenue of ₹200 crore, what is the risk of receivables stress if data centre or infrastructure clients delay payments, and how might this impact working capital in FY27?
With long-term borrowings surging from ₹22.57 lakhs to ₹1,965.65 lakhs and a Debt/Equity of 0.45x, how much additional debt capacity does Vivid Electromech have to fund further expansion without compromising its balance sheet strength?
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