Aaron Industries Q2 Revenue Up 22%, PAT Jumps 106%

Date: October 30, 2026

Financial Performance Summary

Aaron Industries Limited announced its unaudited standalone financial results for Q2 FY27 (quarter ended September 30, 2026) and H1 FY27 (half year ended September 30, 2026). The company reported strong growth across key financial metrics.

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)

Revenue Metrics:

• Revenue from Operations: ₹27.12 crore in Q2 FY27, up 21.93% YoY from ₹22.24 crore in Q2 FY26 and up 10.98% QoQ from ₹24.44 crore in Q1 FY27
• Total Income: ₹27.17 crore in Q2 FY27, up 21.85% YoY from ₹22.30 crore in Q2 FY26 and up 10.94% QoQ from ₹24.49 crore in Q1 FY27

Profitability Metrics:

• EBITDA: ₹5.47 crore in Q2 FY27, up 31.05% YoY from ₹4.18 crore in Q2 FY26 and up 9.81% QoQ from ₹4.99 crore in Q1 FY27
• EBITDA Margin: 20.01% in Q2 FY27, expanded 147 bps YoY from 18.54% in Q2 FY26 but declined 18 bps QoQ from 20.19% in Q1 FY27
• EBIT: ₹4.46 crore in Q2 FY27, up 39.72% YoY from ₹3.19 crore in Q2 FY26 and up 11.92% QoQ from ₹3.98 crore in Q1 FY27
• Profit Before Tax (PBT): ₹3.86 crore in Q2 FY27, up 54.72% YoY from ₹2.49 crore in Q2 FY26 and up 11.53% QoQ from ₹3.46 crore in Q1 FY27
• PAT: ₹2.88 crore in Q2 FY27, up 106.48% YoY from ₹1.39 crore in Q2 FY26 and up 12.40% QoQ from ₹2.56 crore in Q1 FY27
• PAT Margin: 10.60% in Q2 FY27, expanded 433 bps YoY from 6.27% in Q2 FY26 and expanded 14 bps QoQ from 10.46% in Q1 FY27

Half-Yearly Performance (H1 FY27 vs H1 FY26)

Revenue Metrics:

• Revenue from Operations: ₹51.56 crore in H1 FY27, up 24.29% YoY from ₹41.48 crore in H1 FY26
• Total Income: ₹51.66 crore in H1 FY27, up 24.23% YoY from ₹41.58 crore in H1 FY26

Profitability Metrics:

• EBITDA: ₹10.46 crore in H1 FY27, up 32.83% YoY from ₹7.88 crore in H1 FY26
• EBITDA Margin: 20.10% in H1 FY27, expanded 135 bps YoY from 18.75% in H1 FY26
• EBIT: ₹8.44 crore in H1 FY27, up 41.94% YoY from ₹5.94 crore in H1 FY26
• Profit Before Tax (PBT): ₹7.32 crore in H1 FY27, up 60.12% YoY from ₹4.57 crore in H1 FY26
• PAT: ₹5.44 crore in H1 FY27, up 121.78% YoY from ₹2.45 crore in H1 FY26
• PAT Margin: 10.54% in H1 FY27, expanded 464 bps YoY from 5.90% in H1 FY26

Segment-Wise Performance

Elevator Division:

• Q2 FY27: ₹19.06 crore, up 8.75% YoY from ₹17.52 crore in Q2 FY26 but down 4.03% QoQ from ₹19.86 crore in Q1 FY27
• H1 FY27: ₹38.92 crore, up 14.34% YoY from ₹34.03 crore in H1 FY26

Stainless Steel Polishing Division:

• Q2 FY27: ₹8.06 crore, up 70.90% YoY from ₹4.72 crore in Q2 FY26 and up 76.05% QoQ from ₹4.58 crore in Q1 FY27
• H1 FY27: ₹12.64 crore, up 69.72% YoY from ₹7.45 crore in H1 FY26

Management Commentary

The management stated that the company maintained its growth momentum with revenue from operations increasing by 21.93% in Q2FY27 and 24.29% in H1FY27 on a year-on-year basis. The improvement in EBITDA and profitability reflects progress in strengthening operational performance.

Both business divisions contributed to overall growth. The Elevator Division continues to expand its business across various elevator components, while the Stainless Steel Polishing Division recorded particularly encouraging growth during the first half. Integrated manufacturing capabilities and diversified product portfolio remain important strengths.

The company remains focused on improving capacity utilization, strengthening distribution network, expanding customer base, and enhancing product offerings. With investments made in manufacturing infrastructure and capacity expansion, the company is working towards leveraging installed capacities and improving operational efficiencies.

Outlook

Aaron Industries remains focused on leveraging its expanded manufacturing infrastructure, improving capacity utilization, and strengthening market presence across both business divisions. The company intends to continue investing in product development, distribution network expansion, and operational efficiencies while capitalizing on emerging opportunities in elevator components, EVOQ360 home lift, and stainless steel processing markets.

With a diversified product portfolio, integrated manufacturing capabilities, and expanding customer and distribution network, the company remains committed to delivering sustainable business growth and enhancing shareholder value.