Garuda Aerospace FY26 Revenue Jumps 67% to ₹206 Crore Ahead of IPO

23 Oct 2026, 1:59 pm · 2h ago · 1 min read · EntrackrNew

Chennai-based drone technology startup Garuda Aerospace reported a 67% increase in operating revenue to ₹206 crore for FY26, up from ₹123.5 crore in FY25. The company posted a net profit of ₹26 crore, marking a 42% growth year-on-year. Revenue from drone services rose 84.1% to ₹106.46 crore, while product sales grew 66.2% to ₹99.50 crore. Total expenses rose 73.7% to ₹172 crore, led by material costs of ₹117 crore. The profitable performance comes as Garuda Aerospace prepares for its planned ₹1,000 crore initial public offering after securing market regulator SEBI’s approval.