Takyon Networks H2 FY26: Margin Protection Over Volume as Supply Shocks Hit Execution

FY26 consolidated revenue from operations was Rs 71.05 crore, EBITDA was Rs 7.09 crore (9.74%), and PAT was Rs 3.65 crore (5.02%), as presented in the P&L table and reiterated on the concall.

Management attributed H2 FY26 weakness to global supply chain disruption and component price escalation (40% to 300% plus) with lead times extending up to 52 weeks, leading to deferral of financially unviable fixed-price projects.

Management stated a confirmed executable order book of Rs 32 crore as of 31 March 2026, and added that new orders of Rs 3.2 crore were received in the subsequent 45 days.

Management stated that about Rs 27 to 28 crore of the Rs 32 crore order book is expected to be billed in FY27, with about Rs 20 to 22 crore billed in H1 FY27; some multi-year contracts spill into the next 2-3 years.

Management did not provide a point revenue number, but stated FY27 revenue should be meaningfully higher than FY26 and indicated an expectation to surpass FY25 numbers by close to 15%. Management also guided to an EBITDA margin range of 11% to 13% for FY27.

Management stated the current mix is about 85% government and 15% enterprise/private. Over 2-3 years, it aims to reduce state government dependence and target approximately 30% state government, 40% PSUs, and 20% to 30% enterprise business.