Arisinfra Solutions Limited reported a sharp improvement in both revenue and profitability for the third quarter of FY26, underscoring the company’s shift from a pure supply platform to an execution-led, technology-driven business model.
For the quarter ended December 31, 2025, Arisinfra recorded total income of Rs. 272.48 crore, a 49 percent year-on-year increase from Rs. 185.58 crore in Q3 FY25. Profit after tax stood at Rs. 18.27 crore, compared to Rs. 2.05 crore in the same quarter last year, marking a significant improvement in margins and overall financial health.
The Mumbai-based company, which operates a tech-enabled supply and services network for India’s construction and real estate sectors, attributed the performance to higher operating scale, better cost discipline and expanding execution-linked services.
Revenue Growth Backed by Scale and Efficiency
The sharp rise in revenue was supported by sustained demand across Arisinfra’s core markets and deeper engagement with existing institutional clients. Compared to the previous quarter, Q2 FY26, total income also showed sequential growth from Rs. 242.45 crore.
EBITDA for Q3 FY26 more than doubled year-on-year to Rs. 30.10 crore, up from Rs. 14.62 crore in Q3 FY25. EBITDA margins improved to 11.11 percent, reflecting tighter cost controls and a higher share of service-led revenues. The company clarified that EBITDA figures exclude one-time IPO-related expenses.
Lower finance costs and improved working capital management played a key role in boosting profitability. PAT margins expanded sharply to 6.74 percent in Q3 FY26, compared to just 1.13 percent a year earlier.
Network Expansion Strengthens Operations
Operational metrics continued to move in a positive direction during the quarter, reinforcing Arisinfra’s network-led growth strategy.
Average daily dispatches during Q3 FY26 stood at 765, up 16 percent year-on-year. The company’s customer base expanded to 3,133, an 18 percent increase over Q3 FY25, while its vendor network grew 20 percent to 2,083 vendors.
This widening network is critical to Arisinfra’s ability to handle larger and more complex infrastructure and real estate projects, particularly as developers and contractors increasingly seek reliable execution partners rather than standalone material suppliers.
Nine-Month Performance Shows Consistent Momentum
For the nine months ended December 31, 2025, Arisinfra reported total income of Rs. 730.54 crore, up 31 percent from Rs. 557.76 crore in the corresponding period last year.
Reported PAT for the nine-month period rose sharply to Rs. 38.64 crore from Rs. 6.53 crore in 9M FY25. The improvement was driven by operating leverage, better sourcing efficiencies and disciplined cost management across the business.
EBITDA margins for the nine-month period also improved to 9.97 percent, compared to 8.59 percent last year, indicating that margin gains were not limited to a single quarter.
Strategic Push into Asphalt and Road Infrastructure
A key strategic development during the quarter was Arisinfra’s entry into the asphalt and road infrastructure segment, an area the company sees as a natural extension of its execution-led model.
Arisinfra entered into a strategic collaboration with JS Infra Solutions to evaluate participation in India’s asphalt market, estimated at over Rs. 35,000 crore. The proposed partnership follows an asset-light approach, combining JS Infra’s on-ground execution capabilities with Arisinfra’s sourcing scale and technology platform. The initial focus will be on the Mumbai region.
In addition, Arisinfra secured its first asphalt supply and execution-linked order worth approximately ₹35 crore through its subsidiary, Buildmex Infra Pvt Ltd. The order marks the company’s first live execution win in road infrastructure materials and provides early validation of its execution-led strategy.
Management Focus on Execution and Capital Efficiency
Commenting on the results, Chairman and Managing Director Ronak K. Morbia said the quarter reflected Arisinfra’s transition into a systems-driven, execution-focused platform.
He noted that while demand across contract manufacturing and services remained steady, the company’s emphasis during the quarter was on strengthening execution capability, improving capital velocity and increasing visibility across complex infrastructure and real estate engagements.
According to Morbia, the shift in India’s infrastructure and real estate ecosystem toward larger and faster projects is changing how value is created. “Value is increasingly moving away from pure supply toward execution reliability, coordination and accountability,” he said.
In response, Arisinfra is selectively expanding into execution-intensive categories such as asphalt and road infrastructure through partnerships that limit balance sheet risk.
Outlook: Scaling Without Balance Sheet Stress
Looking ahead, Arisinfra plans to scale its integrated supply, services and technology model while maintaining capital discipline. The company aims to improve working capital efficiency and enhance margin visibility by increasing the contribution of service-led and execution-linked revenues.
With a growing base of institutional customers, improving demand visibility and new execution partnerships, management believes Arisinfra is well positioned to deliver sustainable, capital-efficient growth in the coming quarters.
As infrastructure spending and real estate development continue to evolve in India, Arisinfra’s focus on execution, coordination and technology-led controls could place it at the center of a changing construction ecosystem.
