ARIS Reports Q2 Revenue of ₹308 Crore vs ₹240 Crore YoY

Market snapshot: Arisinfra Solutions Limited (ARIS) announced its Q2 FY27 financial results, reporting operational revenue of ₹308 crore compared to ₹240 crore in the prior year period. Profitability expanded alongside revenue growth, supported by steady working capital management.

Data Snapshot

• Q2 FY27 Revenue from Operations stood at ₹308 crore compared to ₹240 crore in Q2 FY26, reflecting a 28.33% YoY expansion.
• Q2 FY27 EBITDA reached ₹35.6 crore, representing a 58% YoY increase.
• Profit After Tax for Q2 FY27 grew 50% YoY to ₹22.8 crore.
• EBITDA margin expanded by 220 basis points YoY to 11.6%.

What's Changed

• Revenue expanded by ₹68 crore YoY (≈28.33% YoY growth: ₹308 crore vs ₹240 crore).
• EBITDA margin increased by 220 bps YoY to 11.6%.
• Net profit increased 50% YoY to ₹22.8 crore.

Key Takeaways

• Top-line expansion driven by sustained demand for tech-enabled construction material procurement.
• Operating leverage manifested in faster EBITDA growth (+58% YoY) relative to revenue growth (+28.33% YoY).
• Working capital discipline maintained with net working capital at 54 days as of September 30, 2026.

SAHI Perspective

ARIS demonstrates strong operating leverage as margin expansion outpaces revenue growth. The continuous digitization of infrastructure supply chains offers a favorable tailwind for platform adoption.

Market Implications

Solid financial performance reinforces investor sentiment toward technology-led aggregators operating in India's building and construction materials sector.

Trading Signals

Market Bias: Bullish

Revenue growth of 28.33% YoY coupled with a 50% YoY rise in net profit to ₹22.8 crore confirms robust fundamental momentum and operating leverage.

Overweight: Infrastructure Technology, Building Materials Supply Chain

Trigger Factors:

• Sustained quarterly EBITDA margin above 11%
• Net working capital remaining within 60 days

Time Horizon: Near-term (0-3 months)

Industry Context

India's construction procurement market continues to undergo formalization, shifting away from manual fragmented processes toward centralized digital platforms.

Key Risks to Watch

• Input material price fluctuation affecting gross margin stability.
• Potential working capital stretch across general contractor networks.

Recent Developments

ARIS' Unitern division secured a ₹250 crore project mandate from Transcon in Mumbai in late October 2026.

Closing Insight

With accelerating profitability and double-digit operating margins, ARIS continues to execute effectively on its tech-driven infrastructure procurement model.

High Performance Trading with SAHI.