Aerospace & Defence company DCX Systems announced Q2FY26 results Revenue from operations for the quarter stood at Rs 192.85 crore in Q2FY26, as compared to Rs 195.62 crore in the previous corresponding period, a decrease of 1.42% on YoY basis. EBIT stood at Rs (4.56) crore in Q2FY26, vis-à-vis Rs 12.90 crore in Q2FY25, down by 135.35% YoY. EBIT margin for the quarter decreased to (2.36%) as compared to 6.59% in Q2FY25, owing to Rs 16.35 crore loss in our wholly owned subsidiary, Niart Systems Limited (Niart), Israel. Niart as a Research and Development Company, incurred the cost for development of products and yet to commence commercial production. Since the product is still under development stage the expenditure related to development project was recognized as capital expenditure as per Ind AS 38. The above loss includes Rs 3.24 crore for the quarter ended, which is on account of loss on foreign currency translation as on measurement date as per Ind AS 21. Profit after Tax (PAT) for the quarter decreased by 273.18% to Rs (9.04) crore in Q2FY26 from Rs 5.22 crore in Q2FY25. PAT margin for the quarter decreased by 736bps to (4.69%) as compared to 2.67% in Q2FY25 owing to Rs 16.35 crore loss incurred in our wholly owned subsidiary, Niart Systems Limited., Israel. H.S. Raghavendra Rao, Chairman & Managing Director, DCX Systems, said, “On a standalone basis, this quarter and the half year performance witnessed a steady growth in terms of operational performance compared to previous fiscal year. However, on a consolidated basis the EBIT and PAT witnessed a decrease owing to the consolidation of financials of our subsidiary NIART Systems. Despite the continued geo-political tensions in parts of the world, DCX continue to demonstrate robust operational parameters despite the dynamic market conditions. We will continue to strengthen our strategic efforts and focus areas. In Q2FY26, our consolidated revenue stood at Rs192.85 crore, while EBIT and PAT were Rs (4.56) crore and Rs (9.04) crore, respectively. As of 30th September 2025, the order book position stood at about Rs 2,600 crore, built over a steady inflow of orders. Some of the recent orders we won include those from ELTA Systems, Rafael Advanced Defense Systems, Elbit Systems and other foreign and domestic customers worth more than Rs 50.00 crore. Further, the new JV company with ELTA Systems (ELTX SYSTEMS PVT LTD) to develop EW and Radar Systems is progressing steadily and we expect to setup the infrastructure by end of 2026 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. Our focus continues to be on entering new geographies, leveraging Make-in-India initiative and establishing DCX as a Product company through Transfer of Technology (ToT). We shall continue to improve operational efficiencies to deliver sustainable value 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