Sigma Advanced System experienced a significant decline in profitability during the June 2026 quarter, with consolidated net profit falling 69.61% to ₹23.90 crore compared to ₹125.55 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this substantial decline represents one of the most severe profit contractions in the company's recent financial performance. However, the company has since announced a major order win that could significantly impact future performance.
Sigma Advanced Systems shares hit the upper circuit of 5% at ₹658.15 following the announcement of orders worth approximately ₹155 crore for its Indrajaal Ranger anti-drone system from government security agencies. As reported by Business Standard, the orders include a ₹145 crore contract awarded to the Indrajaal-Sigma consortium for deployment in border-security environments and an additional order worth approximately ₹10 crore from an urban police agency for VVIP protection and urban security. The company's order book currently stands at approximately ₹8,000 crore, providing strong revenue visibility for future quarters.
The company reported sales of ₹374.28 crore in the June 2026 quarter, representing a robust 15.94% quarter-on-quarter growth according to Business Standard. This revenue figure provides a clearer picture of the company's operational performance during the quarter, showing substantial improvement from the previous quarter's zero-revenue base. The growth trajectory suggests strong business momentum despite the profit challenges.
The Indrajaal Ranger is a mobile Counter-UAS platform designed to detect, track, identify and counter rogue drones while operating at high speeds. As per Business Standard, the platform integrates sensors, artificial intelligence, sensor fusion, command and control and layered countermeasures through its SkyOS technology. Kiran Raju Penumacha, Founder & CEO, Indrajaal Autonomous Defense Systems, emphasized that counter-UAS must become part of a nation's everyday security infrastructure, with the Indrajaal Ranger enabling security forces to take autonomous counter-drone capability wherever the threat moves. Sunil Kalidindi, CEO, Sigma Advanced Systems, highlighted that this programme showcases the strength of India's defence manufacturing ecosystem, where advanced indigenous technologies can be developed, manufactured and delivered at operational scale.
The company's Profit Before Depreciation and Tax (PBDT) decreased 65% to ₹58.31 crore in the June 2026 quarter compared to ₹168.08 crore in the corresponding quarter of the previous year. According to the financial data reported by Business Standard, this decline across multiple profitability metrics indicates the challenging operating environment faced by the company during the quarter. However, the recent order wins and strong order book position the company well for future growth in the defence technology sector.
