This document is the transcript of the Q1FY27 Earnings Conference Call for Aaron Industries Limited, held on August 17, 2026. The call was hosted by Finportal Investments Pvt. Ltd. as the Investor Relations moderator.

The primary purpose of the event was to discuss the company's operational and financial performance for the quarter ended June 30, 2026 (Q1FY27), provide a business update, and outline strategic priorities and the outlook ahead.

Management participants included:

  • Mr. Monish Doshi – Director & Chief Financial Officer
  • Mr. Paresh Naik – President

The company confirmed that the transcript of the call is available on its website, www.aaronindustries.net. It was explicitly stated that no unpublished price sensitive information (UPSI) was shared or discussed during the call.

Financial Highlights Discussed:

  • Revenue from Operations: Stood at ₹24.44 crore, compared to ₹19.24 crore in Q1FY26, registering a 27.01% Year-on-Year (YOY) growth.
  • EBITDA: Increased by 34.83% YOY to ₹4.99 crore, from ₹3.70 crore in Q1FY26. The EBITDA margin improved to 20.19% from 18.99% in Q1FY26 and 18.58% in Q4FY26.
  • Profit Before Tax (PBT): Stood at ₹3.46 crore, registering a strong 66.60% YOY growth.
  • Profit After Tax (PAT): Increased to ₹2.56 crore, from ₹1.06 crore in Q1FY26, representing a significant 141.94% YOY growth. The PAT margin improved to 10.46% from 5.50%.

Business Outlook and Strategic Updates:

  • The management's stated priorities are to increase capacity utilisation, strengthen the customer base, improve operating efficiencies, and deliver sustainable growth with healthy margins.
  • The company is targeting 25-30% revenue growth for FY27.
  • The current capacity utilization across operations is approximately 45-50%. The company is working towards a target of producing 3,500 doors per month.
  • A significant portion of the discussion focused on the new EVOQ360 pit-less smart home elevator.
  • It was launched in the previous financial year and 25+ projects have been executed.
  • The product is a complete elevator solution, not just components.
  • The company has secured exclusive distribution partnerships for this product in 4-5 states.
  • It contributes approximately 5-7% of current total revenue, with a target of 150 units for the full year.
  • The product carries an EBITDA margin of 20-25% and is priced at an average of ₹6-6.5 lakh per unit for components.
  • Approximately 40% of the product's components are currently imported, with plans for further indigenization.
  • Updates on international business were provided:
  • Engagement with international OEMs (Johnson, Schindler, Kone, Wittur) is ongoing, with the vendor registration process started but no significant orders received yet except from Fujitec.
  • The company has received sheet orders from Fujitec.
  • Business in Nepal is showing consistent growth, while African markets (Kenya, Tanzania) are facing challenges due to local political and economic conditions.
  • The steel polishing division was clarified to be primarily supporting internal consumption for the elevator division, with external sales consisting of surplus production. It is not a loss-making unit when viewed holistically.
  • The company's distribution network comprises over 750 customers, with a presence in all Indian states and warehouses in Ahmedabad and Kolkata.
  • The Aaron Be Creative app was launched to help customers visualize products and has helped in shortening the sales cycle.
  • The Stelix brand was clarified as a branding strategy for the company's stainless-steel sheets sold externally, not a separate product line or manufacturing setup.

Additional Notes Section

The document is a compliance filing submitted to the National Stock Exchange of India Limited. It includes the full transcript of the earnings conference call, which contains detailed management commentary and a Q&A session with analysts. The transcript itself includes a standard disclaimer noting it may contain transcription errors. No separate attachments, such as a presentation deck, were mentioned in this specific filing.

Financial data for Q1FY27 was disclosed and discussed in detail during the call, as summarized above.