Synopsis
NewSpace India Limited (NSIL) has reported notable growth in FY25, achieving a revenue of Rs 3,026.09 crore, a 43% increase from the previous fiscal year. Additionally, profit before tax surged by 54%, reflecting the successful expansion and strategic partnerships within the Indian space sector.Key Takeaways
- NSIL achieved 43% revenue growth in FY25.
- PBT increased by 54% compared to FY24.
- Contract signed with HAL for PSLV manufacturing.
- Plans for PPP expansion in commercial space.
- Space economy expected to grow to $44 billion.
New Delhi, March 26 (NationPress) NewSpace India Limited (NSIL), the commercial branch of the Indian Space Research Organisation (ISRO), has announced a revenue of Rs 3,026.09 crore for FY25 to date, showcasing a remarkable 43% increase from Rs 2,116.12 crore in FY24, as communicated to the Parliament on Wednesday.
NSIL, which has successfully launched 135 international customer satellites along with three Indian satellites on a commercial basis to date, reported a profit before tax (PBT) of Rs 1,242.12 crore this fiscal year, marking a substantial 54% rise from Rs 803.59 crore in FY24, according to Dr. Jitendra Singh, Union Minister of State for Science and Technology and Department of Space, in a written response in the Lok Sabha.
NSIL facilitates Indian industries in undertaking advanced technology space-related operations. It has entered into a contract with HAL for the complete manufacturing of five Polar Satellite Launch Vehicles (PSLV).
The first PSLV entirely manufactured by Indian industry is expected to be launched in the latter half of this year.
As per the minister, NSIL aims to broaden its commercial space ventures through a public-private partnerships (PPP) model.
To this end, NSIL is exploring the realization of ISRO’s heavy lift launcher LVM3 under a PPP approach, due to its significant commercial potential in the global launch services market.
The minister also mentioned that the space economy is projected to grow fivefold from $8 billion to $44 billion in the coming years. This expansion is expected to add substantial value to the Indian economy and contribute towards Viksit Bharat by 2047.
Under Prime Minister Narendra Modi’s leadership, the space budget has nearly tripled—from Rs 5,615 crore in 2013-14 to Rs 13,416 crore in 2025-2026—demonstrating the government’s commitment to promoting growth in the space sector.
The space industry has been opened for private sector involvement and to attract foreign direct investment (FDI).
This strategic approach aims to create a synergy between governmental and non-governmental sectors through frameworks like NSIL and In-SPACe, enhancing innovation and opportunities throughout the space industry.
