Financial Performance Highlights

Consolidated Statement of Profit & Loss (INR in million)

Q4 FY26 Performance:

  • Revenue from operations: ₹818.0 million, up 20% YoY (Q4 FY25: ₹683.7 million) and up 143% QoQ (Q3 FY26: ₹337.2 million)
  • EBITDA: ₹352.4 million, up 28% YoY (Q4 FY25: ₹275.2 million) and up 2187% QoQ (Q3 FY26: ₹15.4 million)
  • EBITDA margin: 43.1% (Q4 FY25: 40.2%, Q3 FY26: 4.6%)
  • Profit Before Tax (PBT): ₹315.9 million, down 3% YoY (Q4 FY25: ₹326.9 million) and up 696% QoQ (Q3 FY26: ₹39.7 million)
  • PBT margin: 32.7% (Q4 FY25: 41.6%, Q3 FY26: 8.9%)
  • Profit After Tax (PAT): ₹261.0 million, down 10% YoY (Q4 FY25: ₹292.0 million) and up 994% QoQ (Q3 FY26: ₹23.9 million)
  • PAT margin: 27.0% (Q4 FY25: 37.2%, Q3 FY26: 5.3%)

Full Year FY26 Performance:

  • Revenue from operations: ₹2,404.9 million, down 1% YoY (FY25: ₹2,429.3 million)
  • EBITDA: ₹751.2 million, down 18% YoY (FY25: ₹920.6 million)
  • EBITDA margin: 31.2% (FY25: 37.9%)
  • Profit Before Tax (PBT): ₹804.4 million, down 21% YoY (FY25: ₹1,019.0 million)
  • PBT margin: 28.0% (FY25: 38.1%)
  • Profit After Tax (PAT): ₹632.8 million, down 24% YoY (FY25: ₹834.6 million)
  • PAT margin: 22.0% (FY25: 31.2%)

Expense Breakdown (FY26 vs FY25):

  • Material & Conversion cost: ₹728.6 million, down 2% YoY (24.5% of revenue vs 21.8%)
  • Employee benefit expenses: ₹534.2 million, up 16% YoY (22.2% of revenue vs 18.9%)
  • Other expenses: ₹390.9 million, up 28% YoY (16.3% of revenue vs 12.5%)
  • Depreciation and amortization: ₹262.6 million, up 149% YoY
  • Finance cost: ₹153.9 million, up 252% YoY
  • Other income: ₹469.7 million, up 90% YoY
  • Tax Expense: ₹167.4 million, down 9% YoY

Consolidated Balance Sheet (INR in million)

As of March 31, 2026 vs March 31, 2025:

Non-current assets: ₹2,277.1 million (Mar-25: ₹2,042.0 million)

  • Property, plant and equipment: ₹1,777.7 million (Mar-25: ₹1,427.8 million)
  • Right-of-use assets: ₹186.0 million (Mar-25: ₹177.9 million)
  • Capital work-in-progress: ₹32.4 million (Mar-25: ₹50.2 million)
  • Intangible assets: ₹18.7 million (Mar-25: ₹15.9 million)
  • Investments: ₹111.5 million (Mar-25: ₹49.3 million)
  • Other financial assets: ₹72.0 million (Mar-25: ₹16.8 million)
  • Non-current tax assets: ₹47.2 million (Mar-25: ₹25.2 million)
  • Deferred tax assets: ₹2.3 million (Mar-25: ₹0)
  • Other non-current assets: ₹29.4 million (Mar-25: ₹278.9 million)

Current assets: ₹6,958.3 million (Mar-25: ₹6,055.7 million)

  • Inventories: ₹251.1 million (Mar-25: ₹197.5 million)
  • Investments: ₹4,684.1 million (Mar-25: ₹3,385.8 million)
  • Trade receivables: ₹648.0 million (Mar-25: ₹549.8 million)
  • Cash and cash equivalents: ₹371.5 million (Mar-25: ₹1,417.7 million)
  • Bank balances other than cash & cash equivalents: ₹862.4 million (Mar-25: ₹7.5 million)
  • Other financial assets: ₹9.6 million (Mar-25: ₹359.1 million)
  • Current tax assets: ₹10.6 million (Mar-25: ₹24.8 million)
  • Other current assets: ₹121.0 million (Mar-25: ₹113.5 million)

Total Assets: ₹9,235.5 million (Mar-25: ₹8,097.7 million)

Strategic Initiatives and Business Updates

Order Book and Business Momentum:

  • Current order book stands at approximately ₹314 crore
  • Business momentum improved meaningfully in Q4 FY26 supported by normalization in customer ordering patterns and improving demand visibility across key markets
  • Customer engagement levels remain healthy across key segments

Hobel Bellows Acquisition:

  • Acquired ~100% stake in Hobel Bellows in April 2026 (post year-end)
  • Strengthens precision engineering capabilities
  • Provides access to long-standing relationships with leading global OEMs across Europe, North America & India
  • Enables entry into high growth segments of power and new industry end markets

Kanoo–Unimech Joint Venture:

  • 51:49 JV between Unimech Aerospace (India) and Kanoo Group (Saudi Arabia)
  • Established to create advanced machining & remanufacturing facility at MODON, Dammam Industrial Area, Saudi Arabia
  • Target markets: Upstream & downstream oil & gas, utilities, and mining
  • Investment: USD 30 million project with 23 advanced CNC machines deployed over three years
  • API / ISO-certified processes
  • Financial profile: ~USD 30 million revenue by Year 5; expected break-even in Year 3
  • Strategic significance: Establishes Unimech's energy-sector platform beyond nuclear, anchoring long-term presence in Saudi Arabia's industrial ecosystem

Dheya Engineering Investment:

  • Acquired ~30% stake in Dheya Engineering
  • Exclusive manufacturing agreement for production of micro gas turbine engines developed by and manufactured by Unimech
  • Includes orders for sub systems
  • DET-500 successfully validated at up to 90% load capacity with 500+ runtime minutes and 100+ successful test cycles
  • DET-200 certification and qualification testing progressing on track; limited certification targeted by end of H1
  • Secured initial orders from a Tier-1 Defence supplier for 2 engines for validation, with potential scale-up opportunity

Capacity Expansion:

  • Added 2 new facilities in FY 2025-26
  • Expanded geographical footprint via JV in Saudi Arabia
  • Total employee strength: 696 employees as of March 2026 for aero tooling business; 157 employees for precision components and assemblies business
  • Currently serving 18 customers

Management Commentary

Anil Kumar P, Chairman & Managing Director stated: "FY26 was a defining year for Unimech as we continued to strengthen our strategic positioning, expand our global footprint, and invest in future growth despite a volatile global operating environment and muted customer ordering during much of the year."

He further added: "We deepened our qualification-led engagement across aerospace, semiconductor, defense, and energy sectors, secured meaningful nuclear-related orders, and continued to invest in manufacturing capabilities, infrastructure, and talent to support long-term growth. While we remain mindful of evolving geopolitical and global trade dynamics, we believe Unimech is today strategically stronger, operationally more resilient, and better positioned to capitalize on long-term opportunities across aerospace, energy, defense, and advanced industrial sectors."

Business Overview

Unimech specializes in precision engineering and manufactures critical parts and components including:

1. Aero Tooling / MRO Tooling / GSE: Aero-engine tools, Aero-frame tools for Engine OEMs, Aircraft OEMs, and MRO shops

2. Precision Parts and Assemblies: For Nuclear, Aerospace, Defence, Energy, Semiconductor and other emerging segments

Key industries served: Aerospace, Defence, Energy, and Semiconductor industries