Arisinfra Solutions Limited has reported a solid second quarter for FY26, riding on the back of stronger demand, operational discipline, and growing institutional partnerships across India’s construction and real estate value chain.
For the quarter ended September 30, 2025, the company’s total income rose to Rs. 242.45 crore, up from Rs. 177.60 crore in Q2 FY25, a growth of nearly 38%. Sequentially, income also improved from Rs. 215.61 crore in Q1 FY26, reflecting deeper penetration among existing clients and higher sales volumes.
EBITDA before exceptional items stood at Rs. 22.54 crore, up from Rs. 14.99 crore in the same period last year, marking a margin of 9.34% versus 8.51% in Q2 FY25. Profit after tax (PAT) surged to Rs. 15.26 crore, a sharp turnaround from a loss of Rs. 1.98 crore a year ago. The company’s PAT margin improved to 6.29%.
Perhaps the most telling metric of efficiency came from working capital, where the company managed to bring down its net working capital days from 114 to 84 days, a 25% improvement that underscores tighter financial and operational discipline.
The gains weren’t just on paper. Operationally, daily dispatches rose to 792, up 30% year-on-year and 12% quarter-on-quarter. The company now serves 2,982 customers, up 17% year-on-year, and works with 2,003 vendors, up 22%.
Key Consolidated Highlights:
Half-Year Performance: Sustained Growth Momentum
For the first half of FY26, Arisinfra’s total income grew to Rs. 458.05 crore, compared to Rs. 372.18 crore in H1 FY25. EBITDA before one-time items rose 30% year-on-year to Rs. 42.05 crore, reflecting contributions from contract manufacturing, cost discipline, and higher service income.
EBITDA margins stood at 9.25%, a 50-basis-point rise, while PAT increased to Rs. 20.37 crore, up from Rs. 4.48 crore in the previous year. The PAT margin expanded to 4.45%, supported by reduced finance costs and improved working capital management.
Daily dispatches averaged 754 in H1, a 26% increase year-on-year, underlining how the company’s physical network has scaled alongside its financial growth.
Strategic Wins Strengthen Future Pipeline
The quarter saw meaningful traction across both materials and services segments, a combination that lies at the heart of Arisinfra’s integrated business model.
In its materials business, monthly rolling demand remained strong across key markets, while the contract manufacturing share rose to 44%, up from 41% a year ago. The company also secured higher reserved capacity across partner plants, ensuring both throughput and scalability in the coming quarters
The services business reported several key mandates that added significant value to the company’s order book. Notable among them:
- The 250 crore Merusri Sunscape project in Bengaluru’s IVC Road area, a 5.5-acre luxury villa development spanning 275,000 sq. ft. with 76 villas. With RERA approvals, financial closure from Aditya Birla, and construction already underway, it marks a strategic win in the high-end residential space.
- The 200 crore Arsh Greens villa plot project in Yelahanka, Bengaluru, achieved full financial closure and entered the execution phase.
- New partnerships with Transcon Group (Mumbai) and Amogaya Projects (Bengaluru) to unlock over 12,000 crore in real estate value through end-to-end involvement, from strategy and materials to marketing and execution.
- The 40 crore AVS Housing Mandate, awarded directly to Arisinfra for integrated supply and execution, further deepened its position as a one-stop execution partner.
Together, these projects have expanded Arisinfra’s integrated order book to nearly Rs. 850 crore, spanning over 2.5 million sq. ft. of development and a gross development value (GDV) exceeding Rs. 1,400 crore.
Execution on the Ground
Execution remains the company’s strongest differentiator. During the quarter, Arisinfra achieved a string of operational milestones.
Its Bodhii Tree Villa Plots project recorded record sales, while its collaboration with Transcon Developers led to the successful completion of Ramdev Plaza in Mumbai, unlocking over Rs. 1,000 crore in commercial value.
Another major achievement was Ayana95, a 185-unit residential project spread across five towers, which was successfully completed and received its Completion Certificate on schedule. The project not only revived a previously stalled asset but also earned Arisinfra the prestigious GRI Award, an international recognition celebrating excellence and impact in real estate.
A Model Built for Scale
Arisinfra’s integrated approach, combining supply, services, and technology continues to set it apart in a sector known for fragmentation. The company’s tech-enabled supply chain platform connects developers, contractors, and manufacturers, streamlining procurement, logistics, and execution.
Chairman and Managing Director Ronak K. Morbia credits this integration as the foundation of the company’s growth trajectory. “Our Q2 FY26 performance reflects the growing strength and maturity of our operating model,” he said. “We saw consistent growth across both Contract Manufacturing and Services, alongside visible improvement in working capital efficiency and profitability. The 38% year-on-year revenue growth and over threefold sequential increase in PAT underscore the operational leverage built into our system.”
He added that India’s infrastructure and real estate landscape is moving toward greater formalisation, and Arisinfra is “focused on strengthening the systems that enable this shift through governance, technology-led visibility, and financial discipline across every transaction.”
Looking Ahead
With a strong balance sheet, expanding institutional client base, and improved working capital efficiency, Arisinfra appears well-positioned for the second half of FY26.
The company plans to deepen its presence in the integrated materials and services space while scaling up its tech capabilities to enhance visibility and execution across projects. Management expects margin visibility to improve further, aided by a higher contribution from services and a disciplined approach to capital allocation.
“We enter the second half of FY26 with strong momentum and readiness to scale further,” Morbia said. “Our focus remains on deepening our technology advantage, maintaining financial discipline, and partnering with developers and institutions that value dependable execution.”
As India’s construction ecosystem continues to formalise, Arisinfra’s hybrid model, equal parts supply chain, tech platform, and execution partner may offer a glimpse into what the future of construction services looks like: integrated, capital-efficient, and built for speed.
