BharatRohan's revenue jumps 203% to ₹85.41 cr, but profit growth lags after tax hit
The drone-agriculture firm's top line surged on a doubling of paying farmers, but higher tax post-listing kept net profit growth to 12.7%.
What's new
- Revenue jumped 203% to ₹85.41 cr for FY26; net profit rose 12.7% to ₹10.60 cr.
- Paying customers doubled to 25,648; total farmer reach is 58,557 across 2.6 lakh acres.
- Got DGCA certification for Pravir X-6 drone and launched an in-house hyperspectral camera plant in Jodhpur.
Why this matters
This is a classic scaling profile: the top line is exploding, but the bottom line is muted by a structural cost. The ₹10.60 cr profit came despite 49% PBT growth, meaning the tax burden after its BSE SME listing absorbed most of the pre-tax gain. The growth story is real, but the profitability story is not yet matching it.
What we're watching
- How the tax rate normalizes and whether profit starts scaling with revenue.
- Traction in the new solar asset-monitoring business with KPI Green.
- The path from 25,648 paying farmers to the next tier of scale.
The full read
BharatRohan's revenue jumped 203% to ₹85.41 crore in FY26, driven by a doubling of paying farmers to 25,648. The topline story is clean. The bottom line is not. Net profit rose just 12.7% to ₹10.60 crore even as pre-tax profit grew 49%, with a higher tax bill after its BSE SME listing eating the difference. The operational story is still expanding. The company secured DGCA certification for its Pravir X-6 drone, launched an in-house hyperspectral camera plant in Jodhpur, and started selling to solar operators like KPI Green. It now covers 2.6 lakh acres for 58,557 farmers. The numbers show a company in a steep growth phase. They also show a profitability profile that is not yet scaling with the top line.
Questions answered
- Why did profit growth lag so far behind revenue growth?
- The company's profit before tax grew 49%, but a higher tax outgo following its BSE SME listing compressed the final net profit number to just 12.7% growth. The tax bill is the primary reason the ₹85.41 crore top line only yielded ₹10.60 crore in profit.
- How large is BharatRohan's customer base now?
- It has 25,648 paying customers, which is double the count from the previous year. These farmers cover a total area of 2.6 lakh acres.
- What does the DGCA certification for the Pravir X-6 drone mean?
- DGCA type certification is a regulatory approval that allows the drone to be commercially deployed. It legitimizes the company's core hardware platform for the Indian market.
- Is the company only serving agriculture?
- No. It has expanded into solar asset monitoring for clients like KPI Green, and launched an in-house hyperspectral camera and processing facility in Jodhpur backed by IFAD. This signals a move to apply its drone data capabilities in adjacent sectors.