Arisinfra Solutions has secured a work order worth ₹79.05 crore from J. Kumar - NCC (GMLR) JV for the execution of loading, transportation, and disposal of excavated material from the tunnel at the Goregaon-Mulund Link Road (GMLR) project in Mumbai. The contract is effective from the date of issue and will remain valid until the completion of the excavated material disposal arising out of the GMLR tunnelling activity, or until cancelled in accordance with the terms provided. The order was awarded by a domestic entity and does not involve any related party transactions or interests from the promoter group.

The J. Kumar - NCC JV, a 50:50 joint venture between J. Kumar Infraprojects and NCC Limited, serves as the lead contractor for the GMLR twin tunnel project. The work order specifically pertains to the disposal of excavated material at an approved dumping yard assigned by the JV. Bhavik Jayesh Khara, Whole Time Director & CFO of Arisinfra Solutions, confirmed the development in a regulatory filing.

Order Details

The key parameters of the awarded contract are outlined below:

The company stated that the order is not a related party transaction and is conducted at arm's length. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Arisinfra Solutions has reported a 39.1% year-on-year increase in consolidated revenue from operations to ₹10,674.63 million for FY 2025-26, while consolidated Profit After Tax (PAT) grew approximately 10x to ₹602.85 million from ₹60.13 million in the prior year. The company's 5th Annual General Meeting (AGM) is scheduled for July 31, 2026, via Video Conferencing. Chairman and Managing Director Ronak Morbia described FY26 as "a defining year," noting that the results reflect "not just growth, but a fundamental improvement in the quality of our business."

Financial Performance Highlights

The company's consolidated financial results for FY 2025-26 demonstrated broad-based improvement across revenue, profitability, and capital efficiency metrics. EBITDA expanded to ₹1,006 million at a margin of 9.42%, up 283 basis points from 6.59% in FY 2024-25. Gross profit margin improved to 16.59% from 14.07%. Finance costs declined 32.8% from ₹415 million to ₹279 million, driven by IPO-funded debt repayment. The following table summarises key consolidated financial metrics:

On a standalone basis, revenue from operations for FY26 was ₹6,557.96 million and standalone net profit was ₹249.07 million, reversing a prior-year loss of ₹176.77 million.

Balance Sheet Strengthened Post-IPO

The company completed its Initial Public Offering in June 2025, listing on both BSE Limited and the National Stock Exchange of India Limited at an issue price of ₹222 per share, raising gross proceeds of ₹4,995.96 million. The IPO proceeds were deployed primarily towards debt repayment and working capital, transforming the balance sheet from a net-debt position to net-cash positive. Operating cash flow turned positive at ₹142 crore compared to a negative ₹21 crore in FY25, reflecting tighter credit discipline and faster collection cycles.

Business Segment Performance

Arisinfra Solutions operates through three integrated revenue streams. Contract Manufacturing emerged as the fastest-growing segment, contributing approximately 47% of consolidated revenue, while B2B Supply accounted for approximately 44% and Developer-as-a-Service (DaaS) contributed approximately 9%. CEO Srinivasan Gopalan noted that the company processed an average of 816+ daily deliveries across 1,100+ pincodes in 23 states and Union Territories, serving 3,200+ customers with a repeat order rate of 78%.

Contract Manufacturing quantity delivered increased to 3.90 million MT from 2.34 million MT in FY 2024-25. The DaaS segment carries EBITDA margins of 55–60% and an active portfolio of 9 projects with an estimated Gross Development Value of ₹1,267+ crore spanning approximately 2 million sq. ft. under execution.

Portfolio Mix Shift and Category Expansion

A deliberate repositioning of the product mix drove margin expansion during the year. Steel and cement declined from 39% of revenue in FY23 to 13% in FY26, while aggregates and asphalt grew to 43% of revenue from 31% in FY24. The company also entered the asphalt and bitumen market, with asphalt revenue reaching ₹299 million in Q4 FY 2025-26, representing 88% sequential growth, and active customers in the category nearly doubling from 15 in Q3 to 28 in Q4 FY 2025-26.

Contract manufacturing reserved capacity as at FY 2025-26 stood at:

Key Ratios and Credit Rating

Key financial ratios reflected the structural improvement in the business. The interest coverage ratio improved to 3.82x from 1.30x, the current ratio rose to 2.64 from 1.41, and the net debt-to-equity ratio moved to (0.07)x from 1.26x. Acuité Ratings & Research Limited assigned a long-term rating of "ACUITE BBB | Stable" to the company's bank facilities on February 6, 2026.

AGM Details and Agenda

The 5th Annual General Meeting will be held on July 31, 2026, at 03:30 p.m. IST via Video Conferencing/Other Audio Visual Means. The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting, which commences on July 28, 2026 at 09:00 a.m. IST and ends on July 30, 2026 at 05:00 p.m. IST. The Annual Report for FY 2025-26, including the Notice of the AGM, was dispatched electronically to shareholders whose email addresses were registered as on July 3, 2026. Newspaper advertisements confirming the electronic dispatch were published in Business Standard and Navshakti on July 10, 2026.

The AGM agenda includes ordinary business items such as adoption of financial statements, re-appointment of Mr. Bhavik Jayesh Khara as Director retiring by rotation, and appointment of M/s. M S K C & Associates LLP as Statutory Auditors for a term of 5 years. Special business items include increasing borrowing limits under Section 180(1)(c) to ₹2,000 crore, enhancing limits under Sections 185 and 186 to ₹2,000 crore each, approval of material related party transactions with subsidiary Buildmex-Infra Private Limited, and revision of remuneration for the Chairman & Managing Director and Whole Time Director & CFO from ₹72,00,000 per annum to up to ₹1,00,00,000 per annum effective June 1, 2026. The Board has not recommended any dividend for FY 2025-26, citing the company's growth stage and ongoing business expansion projects.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0H9P01028/31a949ff14d24c1e.pdf