Financial Performance - Standalone (Q1 FY27 vs Q1 FY26)

Revenue Performance:

  • Net Revenue from Operations: ₹905.73 lakhs (Q1 FY27) vs ₹1876.75 lakhs (Q1 FY26) - 51.7% decline YoY
  • Other Income: ₹5.87 lakhs vs ₹5.40 lakhs
  • Total Revenue: ₹911.60 lakhs vs ₹1882.15 lakhs - 51.6% decline YoY

The decline was attributed to timing of dispatches, with sales of approximately ₹13 crore originally scheduled for Q1 shipped and billed in Q2-FY27 due to project execution phasing on a few large orders.

Expense Breakdown:

  • Cost of materials consumed: ₹583.42 lakhs vs ₹1365.74 lakhs - 57.3% decrease
  • Employee benefits expense: ₹389.63 lakhs vs ₹451.49 lakhs - 13.7% decrease
  • Other Expense: ₹266.43 lakhs vs ₹266.21 lakhs - relatively flat
  • Total Expenses: ₹1,239.49 lakhs vs ₹2,083.44 lakhs - 40.5% decrease

Profitability Metrics:

  • EBITDA: (₹327.89) lakhs loss vs (₹201.29) lakhs loss - loss widened by 62.9%
  • Depreciation & amortization expense: ₹55.00 lakhs vs ₹37.89 lakhs
  • Finance costs: ₹97.25 lakhs vs ₹121.28 lakhs - 19.8% decrease
  • Profit Before Tax: (₹480.14) lakhs loss vs (₹360.46) lakhs loss - loss widened by 33.2%
  • Tax Expenses: Nil vs Nil
  • Profit After Tax: (₹480.14) lakhs loss vs (₹360.46) lakhs loss

The EBITDA loss largely reflected operating deleverage from the lower billed revenue in the quarter rather than underlying cost pressure.

Financial Performance - Consolidated (Q1 FY27 vs Q1 FY26)

Revenue Performance:

  • Net Revenue from Operations: ₹1,102.90 lakhs vs ₹1876.75 lakhs - 41.2% decline YoY
  • Other Income: ₹5.93 lakhs vs ₹9.81 lakhs
  • Total Revenue: ₹1,108.82 lakhs vs ₹1886.56 lakhs - 41.2% decline YoY

Expense Breakdown:

  • Cost of materials consumed: ₹698.21 lakhs vs ₹1365.74 lakhs - 48.9% decrease
  • Employee benefits expense: ₹421.71 lakhs vs ₹451.49 lakhs - 6.6% decrease
  • Other Expense: ₹316.80 lakhs vs ₹266.21 lakhs - 19.0% increase
  • Total Expenses: ₹1,436.72 lakhs vs ₹2,083.44 lakhs - 31.0% decrease

Profitability Metrics:

  • EBITDA: (₹327.89) lakhs loss vs (₹196.88) lakhs loss - loss widened by 66.5%
  • Depreciation & amortization expense: ₹55.00 lakhs vs ₹50.69 lakhs
  • Finance costs: ₹97.25 lakhs vs ₹121.28 lakhs - 19.8% decrease
  • Profit Before Tax: (₹480.14) lakhs loss vs (₹368.85) lakhs loss - loss widened by 30.2%
  • Tax Expenses: Nil vs Nil
  • Profit After Tax: (₹480.14) lakhs loss vs (₹368.85) lakhs loss

The consolidated performance was similarly impacted by the ₹13 crore of standalone dispatches that moved into Q2.

Order Book and Business Outlook

Current Order Position:

  • From June 2026 to date, the company booked additional orders worth ₹22 crores
  • As of August 2026, confirmed order book stands at approximately ₹149 crores
  • The ₹13 crore of sales that moved from Q1 into Q2 are already being executed

Growth Outlook:

The company expects meaningfully stronger performance over the coming quarters due to:

  • Strong revenue visibility from the ₹149 crore order book
  • Execution of delayed Q1 sales in Q2
  • Healthy business pipeline

Subsidiary Update - ARAPL RaaS Private Limited (Humro)

Strategic Investment:

  • ARAPL RaaS announced a strategic investment of ₹48 crore
  • Share Subscription Agreement (SSA) has been signed
  • First tranche of ₹24 crore has already been received by the company

Operational Progress:

  • Deployment of 16 robots already completed
  • Another 8 robots are in POCs for customer trials
  • The Humro business continues to build on momentum from FY26

The company remains focused on scaling execution across its robotics and automation platforms.