Profit after tax rises tenfold as ARIS turns net cash positive

11 May 2026 CW Team

Arisinfra Solutions Limited reported strong FY26 results, with revenue rising 39 per cent year-on-year to Rs 10.67 billion. Profit after tax increased more than tenfold to Rs 603 million, while EBITDA margin expanded to 9.43 per cent from 6.53 per cent in FY25.

The company turned net cash positive during the year, with net debt-to-equity improving from 1.25x to -0.09x. Cash flow from operations crossed Rs 1 billion, while net working capital days reduced from 110 to 66, reflecting stronger cash generation and improved operating efficiency.

Q4 FY26 was the company’s strongest quarter, with revenue rising 55 per cent year-on-year to Rs 3.43 billion. EBITDA nearly tripled to Rs 305 million, while the quarter delivered a profit of Rs 217 million against a loss of Rs 5 million in the previous year.

ARIS said its higher-margin segments drove the performance. Contract Manufacturing grew 95 per cent to Rs 4.98 billion, while Developer-as-a-Service rose 109 per cent to Rs 980 million. Together, these segments accounted for 56 per cent of total revenue, compared with less than 40 per cent a year earlier.

The company has secured 9 million MTPA reserved capacity across more than 10 partner plants under long-term agreements, while its Developer-as-a-Service vertical has nine active projects with an estimated gross development value of Rs 12.67 billion.

Ronak K Morbia, Chairman and Managing Director, said FY26 was a defining year for ARIS, marked by its IPO, debt reduction, contract manufacturing expansion and growth in Developer-as-a-Service. For FY27, the company plans to expand contract manufacturing capacity by 20–25 per cent and enter higher-margin categories such as tiles, plumbing, electricals and sanitaryware.

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