Aztec Fluids Reports Resilient FY26 Performance

02 Jun 2026 CW Team

Aztec Fluids & Machinery Limited (Aztec) reported audited consolidated financial results for the second half and financial year ended 31 March 2026, registering a resilient performance despite a challenging global operating environment marked by geopolitical uncertainty, supply chain disruptions and volatile crude oil prices. The results reflected continued execution of a growth strategy centred on technological sovereignty, backward integration and market expansion.

On a consolidated basis, operating income for FY26 rose 9.17 per cent to Rs 965.3 mn from Rs 884.2 mn in FY25, while EBITDA increased 9.62 per cent to Rs 139.6 mn. The company delivered an EBITDA margin of 14.33 per cent in FY26, up from 13.95 per cent a year earlier. Profit after tax for FY26 stood at Rs 74.1 mn compared with Rs 75.6 mn in FY25, translating into a PAT margin of 7.60 per cent, down from 8.29 per cent. Management attributed revenue growth to diversification of the business mix and recurring consumable revenues.

In the second half of FY26, consolidated operating income was Rs 476.1 mn, up 12.41 per cent year on year, and EBITDA was Rs 64.3 mn, up 19.24 per cent, delivering an EBITDA margin of 13.43 per cent. PAT for the half was Rs 31.8 mn and the PAT margin was 6.64 per cent. The company noted synergies from the acquisition of Jet Inks Private Limited in strengthening sales and supply chains.

Aztec continued to expand its presence across track and trace solutions, government digitisation initiatives and institutional customers while pursuing backward integration to secure input supplies. Management said these initiatives are expected to enhance competitiveness and improve margins over time and that the company is progressing on a Vision 2030 roadmap aimed at building a multinational technology driven enterprise. The board remains focused on innovation, customer engagement and margin improvement.

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