Aztec Fluids &

Aztec Fluids & Machinery reported FY26 consolidated revenue of ₹96.53 croreCurrent reported value: ₹96.53 crore. No comparable prior figure is available in the source record., up 9.2% YoYCurrent reported value: 9.2% YoY. No comparable prior figure is available in the source record., and EBITDA of ₹13.96 croreCurrent reported value: ₹13.96 crore. No comparable prior figure is available in the source record. (margin 14.3%Current reported value: 14.3%. No comparable prior figure is available in the source record., +30bps YoY). PAT stood at ₹7.41 crore, impacted by higher depreciation (+85% YoY) from capacity investments. Growth was driven by consumables and service revenues, while printer sales faced extrusion sector slowdown. Management reiterated confidence in double-digit growth over the medium term, supported by backward integration (95% of ink consumables localized), Jettings acquisition synergies (EBITDA margin expanded 100bps to 10.2%), and government tenders. Capex plan (₹9.3 crore in FY26) focuses on infrastructure, exports, and R&D. Key risk: continued geopolitical disruptions could pressure supply chains and input costs, though management claims secured supply lines.