Rossell Techsys Ltd — Q4 FY26

Rossell Techsys delivered a record Q4 with revenue of ₹142 crore (+62% YoY) and PAT of ₹9.5 crore, capping a transformative FY26 where full-year revenue nearly doubled to ₹485 crore (+87% YoY). Growth was driven by strong execution in aerospace & defense, rapid ramp-up in semiconductor and space segments (now ~20% of revenue), and a landmark multi-year space contract. Management guided for similar ~80-90% revenue growth in FY27, with semiconductor/space expected to grow 300-400%. EBITDA margins are expected to improve to 17-22% as qualification costs normalize. A QIP of 7-10% of market cap is planned for capacity expansion and working capital. Key risk: margin compression from continued heavy investment in new customer qualifications and capacity build-out.