How did Aztec's revenue and profit change in FY26?

Consolidated revenue rose 9.2% to ₹96.53 crore from ₹88.42 crore. Net profit, however, slipped slightly to ₹7.41 crore from ₹7.56 crore.

What did the company do with its IPO proceeds?

The full ₹24.12 crore has been used. Funds went to acquire Jet Inks Private Limited, repay debt, and for general corporate purposes.

Why is the profit declining while revenue grows?

The filing points to margin pressure but does not provide a detailed cost breakdown. Higher sales did not translate to higher profit.

How did the standalone business perform versus the consolidated entity?

Standalone net profit was ₹7.64 crore, slightly above the consolidated figure of ₹7.41 crore.

Earnings · Engineering - Industrial Equipments · Micro cap

Aztec Fluids grows revenue 9.2% but profit shrinks in FY26

Consolidated net profit dipped to ₹7.41 crore even as top-line sales expanded. The nano-cap has now fully spent its IPO proceeds.

— 1 earlier story on Aztec Fluids & Machinery Ltd. →

AZTEC By Tipsheet Editorial 29 May 2026 · 8:06 PM IST Verify on BSE · NSE

Mkt cap₹129 cr

P/E17.08×

ROE15.09%

Debt / eq.0.28

Div yld0.53%

₹96.53 cr FY26 consolidated revenue, up 9.2% from ₹88.42 cr

What's new

Consolidated revenue grew 9.2% to ₹96.53 crore in FY26.
Consolidated net profit fell to ₹7.41 crore from ₹7.56 crore.
The company has fully utilized its ₹24.12 crore IPO proceeds.

Why this matters

Revenue is scaling, but the bottom line is not. Profit contraction on higher sales is a margin warning for a nano-cap. All IPO capital is now deployed, leaving no cash buffer for the next move.

What we're watching

Whether standalone profit can offset consolidated margin pressure next quarter.
The impact of the Jet Inks acquisition on future profitability.
Any new capital plans now that IPO funds are spent.

The full read

Aztec Fluids grew consolidated revenue 9.2% to ₹96.53 crore in FY26. That growth did not reach the bottom line. Net profit slipped to ₹7.41 crore from ₹7.56 crore. The standalone business fared slightly better at ₹7.64 crore. Separately, the company confirmed it has fully deployed its ₹24.12 crore IPO war chest on the Jet Inks acquisition and debt repayment. For a nano-cap, this is a routine update: top line is moving, but profit is not. Margin pressure is the story here. All IPO cash is gone.

Questions answered

How did Aztec's revenue and profit change in FY26?: Consolidated revenue rose 9.2% to ₹96.53 crore from ₹88.42 crore. Net profit, however, slipped slightly to ₹7.41 crore from ₹7.56 crore.
What did the company do with its IPO proceeds?: The full ₹24.12 crore has been used. Funds went to acquire Jet Inks Private Limited, repay debt, and for general corporate purposes.
Why is the profit declining while revenue grows?: The filing points to margin pressure but does not provide a detailed cost breakdown. Higher sales did not translate to higher profit.
How did the standalone business perform versus the consolidated entity?: Standalone net profit was ₹7.64 crore, slightly above the consolidated figure of ₹7.41 crore.

Mentioned: ₹96.53 cr revenue · ₹7.41 cr net profit · ₹24.12 cr IPO proceeds / Jet Inks acquisition

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on AZTEC →

29 May 2026 · 8:06 PM IST Aztec Fluids grows revenue 9.2% but profit shrinks in FY26
1d ago Aztec's revenue grows 9% but profit slips on compressed margins