Aerospace & Defence company DCX Systems announced Q3FY26 results Revenue from operations: Rs 1,210.57 million against Rs 2,000.1 million during Q3FY25, change -39%. PBT: Rs 6.72 million against Rs 159.48 million during Q3FY25. PAT: Rs -24.26 million against Rs 100.12 million during Q3FY25. EPS: Rs -0.22 for Q3FY26. H.S. Raghavendra Rao, Chairman & Managing Director, DCX Systems, said: “On a standalone basis, the Company delivered steady growth in operational performance and margin percentage levels for the quarter, and 9MFY26, compared with both the preceding quarter and the previous fiscal year. Conversely, on a consolidated level, EBIT and PAT declined due to the impact of incorporating the financial results of mainly our subsidiary NIART Systems since it is a product-based R&D; company and yet to start its commercial production. Despite persistent geopolitical uncertainties and ongoing supply-chain challenges across global markets, the Company continued to demonstrate resilience and maintain strong operational fundamentals. We remain focused on strengthening our strategic initiatives and advancing our key priorities to drive sustainable growth. In Q3FY26, our consolidated revenue stood at Rs 121.06 crore, while EBIT and PAT were Rs 1.59 crore and Rs -2.43 crore, respectively. As of 31 st December 2025, the order book position stood at about Rs 2,582 crores, built over a steady inflow of orders. Some of the recent orders we have won include those from Rafael Advanced Defense Systems, ELTA Systems, Elbit Systems and other foreign and domestic customers worth more than Rs 92 crores. Our subsidiary NIART Systems Ltd have successfully completed its functional and fog test trials, and we expect to conclude on all the operational aspects of the system with the RDSO in the very near term and gear up to receive and deliver production batch orders. Further, the new JV company with ELTA Systems (ELTX SYSTEMS PVT LTD) to develop EW and Radar Systems is progressing steadily and we have received the Government Order from the Government of Tamilnadu in granting the incentive scheme to the company for establishing the state-of-the-art defence manufacturing facility at Hosur, Tamilnadu (one of the defence industrial corridor of India) and we expect to complete the infrastructure and commence operation by 2027. This aligns with our ToT strategy to leverage our manufacturing capabilities and support the Government’s “Make in India” motto. We are also actively participating in collaboration with reputed foreign partners on the demonstrations of surveillance systems and EW systems for the Indian defence forces and the company foresee a great potential in the coming years to secure large scale orders. Our strategic priorities remain centered on expanding into new international markets, leveraging the Make-in-India initiative, and positioning the Company as a product-focused organization through targeted Technology Transfer (ToT) collaborations. We continue to drive improvements in operational efficiency to ensure long-term value creation for all our stakeholders. I thank the entire team of DCX and all our stakeholders for your faith and support which helps us drive the Company forward.” Result PDF