Financial Performance Overview
Arisinfra Solutions Limited reported exceptional FY26 results with consolidated revenue from operations reaching ₹10,675 million, representing 39.1% YoY growth from ₹7,677 million in FY25. The company achieved a remarkable turnaround with profit after tax of ₹603 million, a 10x increase from ₹60 million in the previous year. EBITDA margin improved by 283 basis points to 9.42%, while ROCE stood at 21% and net working capital days reduced significantly to 66 days from 110 days.
IPO Completion and Capital Structure Changes
The company successfully completed its Initial Public Offering during FY26, issuing 22,504,324 equity shares at ₹222 per share, raising gross proceeds of ₹4,996 million. The shares were listed on BSE and NSE on June 25, 2025. Post-IPO, promoter shareholding decreased to 29.91% from 41.76% due to dilution. The company utilized IPO proceeds primarily for debt repayment (₹2,032 million), working capital requirements (₹1,770 million), and subsidiary funding (₹480 million).
Business Segment Performance and Operational Metrics
The company transitioned to higher-margin business categories with contract manufacturing contributing ₹4,989 million (47% of total revenue) showing 95% YoY growth. The B2B supply segment contributed ₹4,706 million (44% of total), while the high-margin Developer-as-a-Service (DaaS) segment achieved ₹980 million revenue with 109% growth and 55-60% EBITDA margins. The company served 3,200+ customers across 23 states with 800+ daily deliveries and maintained a 78% repeat order rate.
Corporate Actions and Governance Matters
The Board approved a Scheme of Amalgamation of ArisUnitern RE Solutions Private Limited into Arisinfra Solutions Limited with an appointed date of April 1, 2026, subject to NCLT approval. The company changed statutory auditors from Price Waterhouse to M/s M S K C & Associates LLP. Director changes included appointments of Mr. Siddharth Bhaskar Shah and Mr. Renganathan Bashyam, while Mr. Manish Kumar Singh and Mr. Ravi Venkatraman resigned.
Annual General Meeting and Shareholder Resolutions
The 5th AGM is scheduled for July 31, 2026, seeking shareholder approval for 11 resolutions including adoption of financial statements, appointment of statutory auditors, enhanced borrowing limits up to ₹2,000 crores, approval of material related party transactions with subsidiary Buildmex-Infra, and revision of director remuneration for Mr. Morbia and Mr. Khara from ₹7.2 million to ₹10 million annually.
Subsidiary Structure and Investments
The group maintains 7 subsidiaries with Buildmex-Infra (76% ownership) contributing ₹50.43 million to consolidated profit. The company invested ₹568.52 million in developing an AI-powered cloud platform for construction materials procurement. Total assets stood at ₹10,415 million with net debt position improving to ₹288 million from negative ₹3,169 million in FY25.
Compliance and Regulatory Aspects
The company maintains full compliance with SEBI LODR regulations and holds an ACUITE BBB credit rating with Stable outlook. The secretarial audit report was clean with no qualifications. The annual report includes comprehensive disclosures on corporate governance, risk management, and detailed financial statements with unmodified auditor opinion.