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Skyroot crosses Rs 100 crore revenue in FY26

What they do

Skyroot Aerospace builds rockets and satellite components for small satellites

It reported Rs 100.6 crore operating revenue in FY26, its first meaningful revenue

The company became India's first spacetech unicorn after a $60 million funding round

Skyroot Aerospace crossed Rs 100 crore revenue in FY26, its first meaningful revenue since inception.
The company's FY26 operating revenue was Rs 100.6 crore.
Its FY26 negative EBITDA (earnings before interest, taxes, depreciation, and amortisation, a measure of operating loss) was Rs 130.3 crore, up from Rs 107.7 crore in FY25.
Employee benefit expenses jumped to Rs 95.5 crore in FY26 from Rs 35.9 crore in FY25.
Operating and administrative expenses were Rs 88.2 crore in FY26.
Customer advances exceeded Rs 252 crore as of March 2026.
Skyroot became India's first spacetech unicorn after a $60 million funding round at about $1.1 billion valuation.
The maiden launch of its Vikram-I rocket is targeted during the ongoing fiscal year (FY27), with a scheduled date of 18 July 2026 from Sriharikota.

The revenue milestone shows Skyroot is generating income from its Space Systems business even before commercial launch operations begin.
The large negative EBITDA reflects heavy spending on rocket development and employee hiring.
Customer advances of over Rs 252 crore indicate strong pre-launch demand for its launch services.
The company projects FY27 revenue of Rs 977 crore and FY32 revenue of Rs 13,205 crore, showing ambitious growth plans.

Skyroot Aerospace manufactures composite satellite structures, payload adaptors, composite motor cases, propulsion systems, actuators, nozzles, and other ancillary products.
Its revenue is entirely from the Space Systems business (aerospace and satellite components) because commercial launch operations have not yet started.
The company is developing three launch vehicles: Vikram-I, Vikram-II, and a reusable launch vehicle (RLV).
Vikram-I is an on-demand launch vehicle for small satellites, capable of carrying up to 350 kg to low Earth orbit (LEO) and up to 260 kg to Sun-synchronous orbit (SSO).
Vikram-I uses an all-carbon composite structure, solid fuel boosters, and a 3D-printed liquid engine, and is scheduled to launch in 2026.
Vikram-II will have a cryogenic engine, carrying up to 900 kg to LEO and up to 600 kg to SSO, with a planned launch in 2027.
In November 2022, Skyroot launched Mission Prarambh, a suborbital rocket called Vikram-S from Sriharikota, marking the beginning of India's private space launch industry.
The company expects Space Systems orders to exceed Rs 605 crore by FY28.

Skyroot targets the maiden launch of Vikram-I during the ongoing fiscal year (FY27), with a scheduled date of 18 July 2026.
The company projects FY27 revenue of Rs 977 crore (Rs 345 crore from launch services and Rs 633 crore from Space Systems).
Long-term projections include Vikram-I, Vikram-II, and a reusable launch vehicle (RLV) entering commercial operations.

Product: Vikram-series rockets for commercial satellite launch services and space missions
Customers: Satellite operators, space agencies, and commercial payload providers worldwide
How it makes money: Commercial launch services provider with flight-tested propulsion and avionics systems
What sets it apart: First Indian private company to achieve orbital launch with indigenous technology