Client electronics model boAt reported a 38% year-on-year improve in revenue after tax (PAT) to Rs 84.5 Cr within the fiscal 12 months ended March 2026, in contrast with Rs 61.1 Cr in FY25, whereas revenue earlier than tax (PBT) grew 53% YoY to Rs 114.3 Cr, in accordance with the corporate’s press launch.
The corporate’s income from operations declined 4.6% YoY to Rs 2,931 Cr in FY26 from Rs 3,073 Cr in FY25. This marks the third consecutive 12 months of decline for the patron electronics model, with income falling from a peak of Rs 3,373 Cr in FY23 to Rs 3,122 Cr in FY24 and Rs 3,073 Cr in FY25.
Regardless of flat income, the corporate improved its return on capital employed (ROCE) to fifteen.2% in FY26 from 11.5% in FY25, and ended the 12 months with round Rs 397 Cr in money reserves and 0 financial institution debt, as per the discharge.
In accordance with the corporate, its stock has been decreased by round 10% to Rs 294 Cr from Rs 326 Cr, whereas commerce receivables have remained broadly steady at round Rs 255 Cr. The corporate additionally lower guarantee bills by round 30% to Rs 57.5 Cr in FY26 from Rs 82.6 Cr in FY25.
On the phase degree, boAt’s wearables enterprise turned worthwhile, from a lack of Rs 54 crore in FY25 to Rs 7 Cr revenue in FY26. Its different phase, comprising classes corresponding to charging options, cables and gaming, noticed phase revenue rise to Rs 46 Cr from Rs 14 Cr.
Audio continued to stay the corporate’s core enterprise, whereas boAt expanded into newer classes. The corporate can also be exploring worldwide markets, with abroad income greater than doubling to Rs 45 Cr in FY26 from round Rs 20 Cr within the earlier fiscal 12 months.
boAt plans to develop into projectors, private grooming, charging options and different way of life tech merchandise underneath its “boAt 2.0” technique.
On boAt’s FY26 efficiency, Gaurav Nayyar, CEO, boAt, mentioned the corporate strengthened its monetary place, with PAT rising 38%, ROCE bettering to fifteen.2%, and money reserves reaching round Rs 397 Cr with zero financial institution debt. He added that wearables turned worthwhile, whereas newer classes are rising as development and revenue drivers.
In October final 12 months, boAt filed an updated draft red herring prospectus (UDRHP) with SEBI, slicing its IPO measurement to Rs 1,500 crore from the sooner Rs 2,000 crore. The IPO contains a contemporary situation of Rs 500 crore and a suggestion on the market (OFS) price Rs 1,000 crore by present shareholders and co-founders.
