Aries Agro Limited delivered impressive financial performance in Q3FY26, with consolidated net profit surging 50.7% year-on-year to ₹1,730.89 lakhs. The company's strong operational execution and revenue growth momentum continued to drive profitability improvements across both quarterly and nine-month periods.

Consolidated Financial Performance

The company's consolidated results demonstrated robust growth across key financial metrics for the quarter ended December 31, 2025:

Revenue from operations reached ₹25,859.59 lakhs, up from ₹22,168.19 lakhs in Q3FY25, though net income after discounts and rebates stood at ₹20,093.91 lakhs. The company maintained healthy profit margins despite increased operational scale.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, Aries Agro sustained its growth trajectory with consolidated performance showing:

The nine-month results reflected consistent operational improvements, with the company effectively managing cost structures while expanding revenue base. Total comprehensive income for the nine-month period reached ₹4,727.89 lakhs compared to ₹3,366.86 lakhs in the previous year.

Standalone Results Analysis

Aries Agro's standalone financial performance also showed strong momentum, with Q3FY26 net profit of ₹1,429.07 lakhs representing a 21.1% increase from ₹1,180.04 lakhs in Q3FY25. Standalone total income from operations grew to ₹19,149.49 lakhs from ₹16,247.90 lakhs year-on-year.

For the nine-month standalone period, net profit reached ₹4,185.04 lakhs versus ₹3,686.54 lakhs in the previous year, while total income increased to ₹54,086.51 lakhs from ₹48,403.71 lakhs.

Operational and Cost Management

The company demonstrated effective cost management across various expense categories. Key operational highlights included:

• Material Consumption: Increased to ₹7,859.03 lakhs in Q3FY26 from ₹5,773.50 lakhs in Q3FY25
• Employee Benefits: Rose to ₹2,015.66 lakhs from ₹1,826.03 lakhs year-on-year
• Finance Costs: Decreased significantly to ₹196.33 lakhs from ₹481.13 lakhs in Q3FY25
• Manufacturing Expenses: Grew to ₹1,303.65 lakhs from ₹1,095.72 lakhs

The reduction in finance costs particularly contributed to improved bottom-line performance, while the company managed operational expense growth in line with revenue expansion.

Corporate Structure and Compliance

Aries Agro maintains a diversified corporate structure with three subsidiaries and one associate company. The consolidated results include two wholly-owned subsidiaries - Mirabelle Agro Manufacturing Private Limited and Aries Agro Equipments Private Limited - along with Golden Harvest Middle East, FZC, and associate company Amarark Chemicals, FZC.

The company's paid-up equity share capital remained stable at ₹1,300.43 lakhs with face value of ₹10 per share. Other equity stood at ₹27,657.49 lakhs as of the reporting period. The Board of Directors approved these unaudited financial results on February 13, 2026, following audit committee review and statutory auditor limited review.

Dr. Rahul Mirchandani, a promoter of Aries Agro , has increased his shareholding in the fertilizer company through transmission of equity shares from his brother. The transaction was disclosed under regulatory requirements to both major stock exchanges on December 20, 2025.

Share Acquisition Details

The shareholding changes reflect a strategic increase in Dr. Mirchandani's stake in the company through family transmission:

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dr. Mirchandani submitted the required documentation to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited, where Aries Agro shares are listed. The formal disclosure letter was digitally signed and submitted from his Mumbai office.

Company Capital Structure

The transaction details show that Aries Agro's equity share capital remained unchanged at ₹13,00,43,390 before and after the acquisition. The total diluted shares and voting capital of the company also remained constant at the same level, indicating that this was a transmission of existing shares rather than a fresh issue of shares.

Promoter Status and Transaction Details

Dr. Rahul Mirchandani belongs to the promoter group of Aries Agro Ltd and holds voting rights corresponding to his shareholding. The acquisition involved shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction. All acquired shares represent direct equity participation in the company with full voting privileges. The transmission from his brother represents an intra-family transfer of shareholding within the promoter group.