Arisinfra Solutions reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the Board approving the results on May 08, 2026. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements in Business Standard (English) and Navshakti (Marathi) on May 09, 2026. The newspaper advertisement also contains a Quick Response code and details of the webpage where complete audited financial results along with audit reports are accessible to investors. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has also scheduled an investor presentation on Monday, May 11, 2026, to be presented to analysts in connection with the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The company achieved consolidated revenue from operations of ₹10,674.63 Mn for FY26, a 39% year-on-year increase from ₹7,676.72 Mn in FY25. Profit after tax (PAT) surged to ₹602.85 Mn compared to ₹60.13 Mn in the prior year, marking a more than ten-fold improvement. The company transitioned to a net cash positive position, with cash and cash equivalents reaching ₹1,014.01 Mn as of March 31, 2026, compared to ₹2.58 Mn in the previous year.

Key Financial Highlights

The strong performance was driven by robust operational leverage and a strategic shift towards higher-margin segments. EBITDA for FY26 reached ₹1,007 Mn, representing an EBITDA margin of 9.43%, compared to ₹501 Mn and 6.53% in FY25. The following table summarises the consolidated quarterly and annual financial performance:

The annual consolidated performance reflects a consistent improvement trajectory across key metrics:

The standalone results also reflect a significant turnaround, with the company reporting standalone total income of ₹6,954.12 Mn for FY26 compared to ₹5,541.92 Mn in FY25. Standalone PAT stood at ₹249.07 Mn for FY26, reversing a loss of ₹176.77 Mn in the prior year. The following table presents the standalone financial performance:

# Figures are for the period and not annualised

Historical Financial Performance

The company's consolidated financials demonstrate a sustained recovery and growth trajectory over four years. The following table presents the historical consolidated income statement:

Business Model and Operational Overview

Arisinfra Solutions operates as a tech-enabled B2B company focused on simplifying procurement of construction materials across India. The company runs an asset-light, aggregator-led model with no inventory risk and minimal fixed assets, integrating sourcing, quality control, logistics, and documentation into a unified digital supply-chain network. It serves a 3,200+ strong client base with approximately 78% repeat order rate, and operates a 2,100+ vendor network with pan-India reach. The company's product portfolio includes aggregates, RMC, walling solutions, chemicals, steel, cement, tiles, electricals, plumbing, and other allied construction materials. Its technology platform — ArisCloud — enables end-to-end intelligent procurement workflow, while ArisGPT provides conversational AI for operational intelligence, including real-time delivery tracking, receivables monitoring, and anomaly detection.

Operational KPIs and Segment Performance

The company expanded its operational scale significantly in FY26 across its three revenue streams — B2B Supply, Contract Manufacturing, and Developer-as-a-Service (DaaS). Contract Manufacturing revenue grew 95% YoY to ₹4,989 Mn, while DaaS revenue increased 109% YoY to ₹980 Mn. The revenue contribution from third-party manufactured materials rose to 46.73% from 33.38% in FY25. The following table highlights key operational developments in Q4 FY26:

The DaaS vertical operates at 55–60% EBITDA margins, while Contract Manufacturing operates at 9–9.5% EBITDA margins. B2B Supply, which contributed 44% of FY26 revenue mix, operates at 2–2.5% EBITDA margins and serves as the network's entry point, deepening transaction data and pricing intelligence.

Balance Sheet and Cash Flow

The consolidated balance sheet reflects a materially stronger financial position. Total assets increased to ₹10,414.61 Mn from ₹6,966.95 Mn in FY25. Total equity grew to ₹7,510.20 Mn, aided by IPO proceeds, while current borrowings were substantially reduced to ₹547.81 Mn from ₹3,362.84 Mn. Net cash inflow from operating activities for FY26 stood at ₹1,419.88 Mn, compared to an outflow of ₹212.84 Mn in the previous year.

Corporate Developments and Growth Strategy

During the year, the company completed its IPO, issuing 2,25,04,324 equity shares at ₹222 per share, aggregating to gross proceeds of ₹4,995.96 Mn. The proceeds were utilised for repayment of borrowings (₹2,031.85 Mn) and funding working capital requirements (₹1,769.71 Mn). Additionally, the Board approved a scheme of amalgamation with Arisunitem Re Solutions Private Limited, appointed as April 1, 2026, subject to regulatory approvals. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013, and the company operates in a single segment engaged in trading, procuring, supplying, and distributing raw materials for infrastructure, buildings, and construction.

The company's stated growth strategies include deepening category expansion in high-margin segments such as RMC, aggregates, and asphalt; entering new categories including tiles, CP fittings, sanitaryware, electricals, and plumbing; geographic scale-up across high-growth infrastructure corridors and Tier 1/Tier 2 real estate markets; scaling Contract Manufacturing through additional third-party plant tie-ups; and growing the DaaS vertical for recurring, high-margin revenue streams.

Management Commentary

Mr. Ronak K. Morbia, Chairman and Managing Director, said:

"FY26 marks a defining year for ARIS. We completed our IPO, repaid substantial debt, deepened our Contract Manufacturing footprint, and significantly scaled our Developer-as-a-Service vertical — all while delivering a structural improvement in working capital efficiency. These results validate our asset-light, network-led model."

ArisInfra Solutions Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, to BSE Limited and the National Stock Exchange of India Ltd, in compliance with Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared by ICRA Limited, the appointed Monitoring Agency, and filed on May 08, 2026. The report confirms that the utilisation of issue proceeds is in line with the objects of the issue, with no material deviation observed.

Issue and Proceeds Overview

The company's Initial Public Offer had an opening date of June 18, 2025, and a closing date of June 20, 2025. ICRA monitored a total proceeds amount of INR 579.60 crore during Q4 FY2026, comprising Pre-IPO proceeds of INR 80.004 crore and IPO proceeds of INR 499.596 crore. The net proceeds as per the prospectus stood at INR 461.442 crore (excluding issue-related expenses), while the actual net proceeds were INR 476.115 crore. The revision in net proceeds is on account of actual offer-related expenditure being lower than estimated by INR 14.672 crore.

Utilisation of IPO Proceeds — Object-wise Progress

The following table details the object-wise utilisation of IPO proceeds as at the end of Q4 FY2026 (March 31, 2026):

The General Corporate Purpose (GCP) allocation was revised upward from INR 31.842 crore (as per the prospectus) to INR 46.514 crore, reflecting the reduction in offer-related expenses. ICRA noted that the revision of 46% in the GCP amount is on account of actual offer-related expenditure being lower than estimated by INR 14.672 crore, and the revised amount remains within the limit of 25% of Gross Proceeds.

Utilisation of Pre-IPO Proceeds

For the Pre-IPO placement of INR 80.004 crore, the entire amount was designated for general corporate purposes. As at the end of Q4 FY2026, INR 78.107 crore had been utilised cumulatively, with INR 15.685 crore deployed during the quarter, leaving an unutilised balance of INR 1.897 crore.

During Q4 FY2026, utilisation under Pre-IPO proceeds included management development deposits to Natureresidences Real Estate Development Private Limited of INR 3.00 crore and Natureresidences Realtors Private Limited of INR 10.00 crore, both refundable in nature, along with salary expenses of INR 0.621 crore, tax payment of INR 1.564 crore, and vendor payment of INR 0.500 crore.

GCP Utilisation Breakdown

The following tables provide a detailed breakdown of cumulative General Corporate Purpose utilisation under both Pre-IPO and IPO proceeds as reported by ICRA.

Pre-IPO Proceeds — GCP Utilisation

IPO Proceeds — GCP Utilisation

During Q4 FY2026, the company received a refund of INR 2.151 crore from an initial deposit of INR 20.00 crore placed with AVS Housing & Construction LLP in Q2 FY2025-26, and the same amount was utilised in Q4 FY2026 for payment towards management deposits to Natureresidences Real Estate Development Private Limited (INR 2.000 crore), rent and admin expenses (INR 0.019 crore), and vendor payment (INR 0.132 crore).

Deployment of Unutilised Proceeds

Unutilised Pre-IPO proceeds were deployed primarily in term deposits with IDBI Bank, with a balance also maintained in the Pre-IPO account. The total amount invested stood at INR 1.908 crore, generating earnings of INR 0.004 crore, with a market value of INR 1.912 crore as at March 31, 2026.

Unutilised IPO proceeds were deployed in a term deposit with Axis Bank and balances maintained across the GCP account, monitoring account, and Axis sub-account. The total amount invested was INR 3.223 crore, generating earnings of INR 0.026 crore, with a market value of INR 3.249 crore as at March 31, 2026.

Implementation Schedule and Compliance

All objects under both Pre-IPO and IPO proceeds are reported as on schedule as of March 31, 2026, with no delays recorded. Key compliance observations from the monitoring report include:

• No material deviation from the objects of the issue was identified.
• All utilisation is confirmed to be as per the disclosures in the offer document.
• Shareholder approval for material deviations is not applicable, as no material deviation was observed.
• The means of finance for disclosed objects has not changed.
• No major deviation was observed over earlier monitoring agency reports.
• All government and statutory approvals related to the objects have been obtained.
• No favorable or unfavorable events materially affecting the viability of the objects were reported.

The report was signed by Parul Goyal Narang, Vice President & Head – Process Excellence at ICRA Limited, and submitted to the stock exchanges by Bhavik Jayesh Khara, Whole-time Director and CFO of ArisInfra Solutions Limited.