Results · Mobility & Logistics

Garuda Aerospace reports 7.3% revenue growth in FY25

By Startup Enthusiast · 18 August 2025

What they do

Garuda Aerospace designs and customises drones for deliveries, disaster management and agriculture

The company posted FY25 revenue of Rs 118 crore, up 7.3%, and profit of Rs 17.5 crore, up 9.4%

It plans to scale manufacturing capacity to 15,000 drones per year and expand exports to 50 countries

Garuda Aerospace reported FY25 revenue from operations of Rs 118 crore, a 7.3% increase from Rs 110 crore in FY24.
Total income for FY25 was Rs 125 crore, including Rs 7 crore of other income, up from Rs 111 crore in FY24.
Profit after tax for FY25 was Rs 17.5 crore, a 9.4% rise from Rs 16 crore in FY24.
Total expenses in FY25 were Rs 100.5 crore, up 13% from Rs 89 crore in FY24.
Cost of materials rose 14% to Rs 56 crore, while employee benefit expenses fell 12% to Rs 9.23 crore.
Finance costs halved to Rs 1 crore, and depreciation increased to Rs 3 crore from Rs 2 crore.
The company's ROCE stood at 14.37% and EBITDA margin at 22.4%.
Garuda Aerospace spent Rs 0.85 to earn every rupee of revenue in FY25.

The results show steady growth in revenue and profit despite rising material costs.
The company has raised approximately $44 million to date from investors including cricketer MS Dhoni and Narotam Sekhsaria Family Office.
Garuda Aerospace plans to scale manufacturing capacity from 8,000 to 12,000-15,000 drones per year.
It aims to expand its export presence to 50 countries by the end of 2025.

Garuda Aerospace designs, manufactures and customises UAVs (drones) for deliveries, disaster management and agriculture.
The company operates a fleet of 400 drones and 500 pilots across 84 cities in India.

Product: Manufacturing and development of autonomous drones for agriculture, defense, and material handling; proprietary drone OS and R&D capabilities
Customers: Government agencies, defense sector, agricultural stakeholders, logistics operators in India and international markets
How it makes money: Direct sales of drones, software licensing, and training services for government and enterprise customers
What sets it apart: Proprietary defense-grade drone technology with presence in 50 countries; demonstrated capabilities for flood relief and disaster management