Hyderabad-based Sigma Advanced Systems sees shares climb after winning a significant Rs 155 crore contract for anti-drone patrol vehicles, signalling a strategic move into homeland security amidst rapid revenue growth and ongoing earnings challenges.
Sigma Advanced Systems saw its shares rise to an upper circuit on Tuesday after the Hyderabad-based aerospace and defence maker said it had won Rs 155 crore of orders from the Home Ministry for its Indrajaal Ranger anti-drone patrol vehicle. The latest contract widens the company’s reach beyond military manufacturing into homeland security, where counter-drone systems are increasingly being pitched for border protection, urban policing and VIP security.
The order is strategically important because it gives Sigma a foothold in a newer market while adding only a modest amount to a much larger pipeline. The company has said its order book stands at about Rs 8,000 crore, and it derives most of its business from overseas customers. The new contracts are split between a larger border-security order and a smaller urban policing deployment, according to the company’s disclosure.
The business update came alongside sharply higher first-quarter revenue. Trade Brains reported that consolidated revenue jumped to Rs 374.3 crore in Q1 FY27 from Rs 5.21 crore a year earlier, although that comparison is distorted by a very weak base. Business Standard reported that Sigma posted consolidated sales of Rs 322.82 crore in the quarter ended March 2026, underlining the scale of the company’s recent expansion.
Profitability, however, was much weaker than a year earlier. Trade Brains said net profit fell to Rs 35.41 crore from Rs 136.4 crore, largely because the prior-year period benefited from a one-off property sale gain that was not repeated. It also pointed to higher finance and tax costs, along with a loss at Indrajaal, while Business Standard reported a net profit of Rs 128.45 crore in the quarter ended March 2026 after the company had swung back into profit from a loss a year earlier. Together, the figures suggest a fast-growing defence contractor that is still working through uneven earnings, even as it pushes into a new security niche.
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