Date: 14/11/2026

Financial Performance Summary

H1 FY27 Financial Results (in Lakhs)

| Particulars | H1FY27 | H1FY26 | YoY (%) | FY26 |

| Revenue (Operations) | 8,548 | 4,563 | 87.34% | 11,857 |

| Total Expenses | 7,385 | 3,902 | 89.29% | 10,282 |

| EBITDA | 1,410 | 846 | 66.84% | 1,903 |

| EBITDA Margins% | 16.50% | 18.53% | - | 16.05% |

| PBT | 1,163 | 722 | 60.99% | 1,578 |

| PAT | 902 | 590 | 53.02% | 1,220 |

| PAT Margins% | 10.55% | 12.92% | - | 10.29% |

| EPS | 4.74 | 3.48 | 36.21% | 6.94 |

Performance Analysis

  • Revenue growth of 87.34% YoY to ₹85.48 crore in H1 FY27 from ₹45.63 crore in H1 FY26
  • PAT increased by 53.02% YoY to ₹9.02 crore from ₹5.90 crore in H1 FY26
  • EBITDA grew by 66.84% YoY to ₹14.10 crore from ₹8.46 crore in H1 FY26
  • EBITDA margin stood at 16.50% compared to 18.53% in H1 FY26
  • PAT margin stood at 10.55% compared to 12.92% in H1 FY26
  • EPS increased by 36.21% YoY to ₹4.74 from ₹3.48

Margin Commentary

Margins moderated YoY due to higher raw material costs and growth-related expenditure, but the company delivered robust absolute earnings growth.

Key Business and Strategic Highlights

1. NSE Mainboard Migration

Arham successfully migrated to the NSE Mainboard on October 30, 2026, marking a significant milestone in its capital markets journey and enhancing its visibility among institutional and other investors.

2. Brand Building with Vicky Kaushal

Following the appointment of Bollywood actor Vicky Kaushal as brand ambassador, the Company launched its full-fledged STARSHINE marketing campaign during Navratri, supported by advertisements in The Times of India and other media platforms.

3. Product Expansion into Interactive Flat Panels

Commercialised 65-inch, 75-inch and 86-inch Interactive Flat Panel Displays, strengthening its presence in the digital education and interactive display segments.

4. Distribution and Manufacturing Strengthening

Added 12 new distributors and generated over 50 business leads at Fan Expo, Delhi. The proposed plastic injection moulding and sheet metal facilities are expected to strengthen backward integration, production control and cost efficiency.

5. New Product Pipeline

Continued investment in in-house R&D, with a new BLDC fan model scheduled for production in FY27.

Management Commentary

Mr. Ankit Jain, Chief Financial Officer and Executive Director, commented:

  • Focus on strengthening business across multiple fronts including expanding product portfolio and manufacturing capabilities
  • Strategy to build STARSHINE into a more recognized consumer brand through marketing campaigns with Vicky Kaushal
  • Historical business pattern shows H1 typically contributes 35-40% of annual revenue
  • Confident of surpassing ₹200 crore in revenue for FY27 (full financial year)
  • H2 period supported by stronger seasonal demand cycle
  • Focus on improving operational efficiencies, strengthening cost structure and progressively improving margins as business scales

Future Outlook

  • Targets exceeding ₹200 crore revenue in FY27
  • Targets ₹300 crore+ revenue in FY28
  • Supported by expanding product portfolio and stronger second-half demand cycle
  • Confidence in capturing opportunities in India's consumer electronics market

Company Background

Arham Technologies Limited is a leading Electronics Manufacturer and Original Equipment Manufacturer (OEM) specializing in Smart LED Televisions under the premium STARSHINE and economy ARATTON brands. Incorporated in 2013 and based in Raipur, Chhattisgarh, the company operates from the Electronic Manufacturing Cluster in New Raipur with state-of-the-art facilities including 1K standard clean rooms and advanced testing protocols. The company manufactures LED Smart TVs, Ceiling Fans, Air Coolers, Washing Machines, and Mixer Grinders for both B2B and B2C segments.