Sigma Advanced Systems Q2 revenue reaches Rs 417.07 crore

Sigma Advanced Systems Limited reported consolidated revenue from operations of Rs 417.07 crore and net profit of Rs 48.60 crore for the quarter ended 30 September 2026, versus Rs 18.15 crore and Rs 4.22 crore respectively a year earlier. The consolidated statement includes 20 subsidiaries and one associate.

What did Sigma Advanced Systems report for the September 2026 quarter?

Sigma Advanced Systems reported revenue from operations of Rs 417.07 crore for the quarter ended 30 September 2026, compared with Rs 374.28 crore in the quarter ended 30 June 2026 and Rs 18.15 crore in the quarter ended 30 September 2025. Rental income was Rs 2.68 crore and other income was Rs 4.72 crore, taking total revenue to Rs 424.47 crore.

Sigma Advanced Systems recorded net profit of Rs 48.60 crore in the September 2026 quarter, compared with Rs 35.41 crore in the preceding quarter and Rs 4.22 crore a year earlier. Profit attributable to owners of the parent was Rs 42.46 crore, while non-controlling interests accounted for Rs 6.14 crore of the quarter’s profit.

How did Sigma Advanced Systems perform in the first half?

Sigma Advanced Systems generated Rs 791.34 crore in revenue from operations in the half year ended 30 September 2026, compared with Rs 23.36 crore in the half year ended 30 September 2025. Total revenue was Rs 803.70 crore, including Rs 5.33 crore of rental income and Rs 7.03 crore of other income.

Sigma Advanced Systems reported first-half net profit of Rs 84.01 crore, below Rs 140.62 crore in the prior-year half year despite the higher operating revenue. The earlier period included Rs 184.64 crore of profit on sale of property, plant and equipment, while the half year ended 30 September 2026 included a Rs 6.62 crore share of loss from the associate accounted for using the equity method.

The reported operating-cost base also changed with the higher revenue. For the half year ended 30 September 2026, materials consumed were Rs 367.41 crore, employee benefits expense was Rs 190.65 crore and other expenses were Rs 165.42 crore, while changes in inventories were negative Rs 79.21 crore versus positive Rs 2.46 crore in the prior-year half year.

What does the September-quarter cost mix show?

Sigma Advanced Systems reported total expenses of Rs 352.82 crore for the quarter ended 30 September 2026, compared with Rs 328.44 crore in the preceding quarter and Rs 18.34 crore a year earlier. Materials consumed were Rs 226.57 crore, employee benefits expense was Rs 103.09 crore and other expenses were Rs 87.34 crore.

Inventory movements had a material effect on the quarterly expense total. Changes in inventories of finished goods, stock-in-trade and work-in-progress were negative Rs 86.10 crore in the September 2026 quarter, compared with positive Rs 6.89 crore in the June 2026 quarter and positive Rs 3.33 crore in the September 2025 quarter.

Sigma Advanced Systems reported profit before exceptional items and tax of Rs 71.64 crore for the latest quarter, after finance costs of Rs 7.23 crore and depreciation and amortisation expense of Rs 14.69 crore. Total tax expense was Rs 18.02 crore, comprising current tax of Rs 16.51 crore and deferred tax of Rs 1.51 crore.

How did acquisitions affect Sigma Advanced Systems’ consolidated scale?

Sigma Advanced Systems had consolidated assets of Rs 1,941.78 crore as at 30 September 2026, compared with Rs 1,059.13 crore as at 31 March 2026. Current assets were Rs 1,365.69 crore, including trade receivables of Rs 517.46 crore, inventories of Rs 291.15 crore and cash and cash equivalents of Rs 115.76 crore.

Total equity was Rs 1,013.54 crore at 30 September 2026, including Rs 1,000.86 crore attributable to owners of the parent and Rs 12.68 crore of non-controlling interest. Total liabilities were Rs 928.24 crore, comprising Rs 720.82 crore of current liabilities and Rs 207.42 crore of non-current liabilities.

Sigma Advanced Systems acquired a 100% stake in Bromford Precision Solutions Limited in the United Kingdom during the September 2026 quarter through wholly owned subsidiary Sigma Advanced Systems UK Limited. The acquired company’s financial statements were consolidated from the date control was obtained, and Sigma Advanced Systems continued to report Aerospace and Defence as its sole segment.

What transactions and review arrangements were disclosed?

Sigma Advanced Systems said it raised about Rs 460 crore during the quarter ended 30 September 2026 through the preferential allotment of 1,32,56,470 equity shares with a face value of Rs 10 each. It also allotted 4,32,777 shares for non-cash consideration to acquire an additional 25% stake in AS Strategic Private Limited, taking its holding to 76%.

Paid-up equity share capital stood at Rs 189.93 crore as at 30 September 2026, compared with Rs 176.24 crore as at 31 March 2026. Consolidated current borrowings were Rs 288.46 crore and non-current borrowings were Rs 147.52 crore at the September balance-sheet date.

N.C. Rajagopal & Co. issued its limited-review report on 6 November 2026 and said nothing had come to its attention indicating that the consolidated results lacked required disclosures or contained a material misstatement. The auditor said it had not itself reviewed 20 subsidiaries that reported aggregate quarterly revenue of Rs 375.89 crore and net profit after tax of Rs 37.52 crore; its conclusion on those entities relied on other auditors’ reports.

Conclusion

Sigma Advanced Systems’ September 2026 results show a substantially larger consolidated reporting base, with quarterly revenue from operations of Rs 417.07 crore, net profit of Rs 48.60 crore and total assets of Rs 1,941.78 crore. The reported figures incorporate the September-quarter acquisition of Bromford Precision Solutions Limited and the increased 76% holding in AS Strategic Private Limited.

The next results will show the continuing contribution of Bromford Precision Solutions Limited after its consolidation from the acquisition date and the effect of the enlarged AS Strategic holding. Further disclosures on the about Rs 460 crore preferential issue, Rs 288.46 crore of current borrowings and the associate’s Rs 3.88 crore quarterly loss will also be relevant to subsequent consolidated statements.