Aaron Industries LimitedQ1 FY27 Results & Financial Update
Aaron Industries Limited: Q1 FY27 standalone results and company financials – revenue ₹24.44 Cr, PAT ₹2.56 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Aaron Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Profit before tax was ₹3.46 Cr for the reported quarter. EPS was ₹1.22 for the reported quarter.
Revenue from operations for Q1 FY27 reached ₹24.44 crore, representing a 27.01% year-on-year growth compared to ₹19.24 crore in Q1 FY26. Profit After Tax surged by 141.94% year-on-year to ₹2.56 crore.
EBITDA increased by 34.83% year-on-year to ₹4.99 crore, with EBITDA margin improving to 20.19% from 18.99% in Q1 FY26, driven by enhanced operating efficiency and better business contribution.
The company is scaling its EVOQ360 pit-less home lift product line and expanding its stainless-steel sheet branding strategy (Stelix) through exclusive regional partnerships and trader networks.
Profit after tax was ₹2.56 Cr for the reported quarter. EPS was ₹1.22 for the reported quarter.
01 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹24.44 Cr |
| Total income | ₹24.49 Cr |
| Profit before tax | ₹3.46 Cr |
| Profit after tax | ₹2.56 Cr |
| EPS | ₹1.22 |
02 · Why it moved
Why the quarter looked the way it did
What drove margins
Management expects sustainable EBITDA margins to remain in the 18% to 20% range.
The EVOQ360 home lift product yields healthy margins close to 20-25% at the product level.
03 · Demand, customers & order book
Where demand is coming from
The company targets approximately 150 units of home lifts by the end of the year, with EVOQ contributing around 5-7% of total revenue in the last quarter.
The company serves over 750 regular customers across India, with more than 80% showing consistent purchasing patterns.
04 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
Consistent growth continues in Nepal, while African markets await economic and political stabilization. Domestic reach is supported by regional warehouses and traders in major hubs.
05 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Overall manufacturing capacity utilization stands at approximately 45% to 50%, with production actively aligned to incoming demand to prevent over-inventory.
The installation of the fully automatic Salvagnini machine in Unit 3 has significantly enhanced door production capabilities.
06 · Reported developments
What changed operationally
Profit Before Tax grew 66.60% year-on-year to ₹3.46 crore, supported by lower interest costs alongside top-line expansion.
Vendor registration and sampling processes have begun with international OEMs such as Johnson, Kone, and Wittur, while regular orders have commenced with Fujitec.
The newly launched 'Aaron Be Creative' app is aiding homeowners in visualizing custom finishes and helping elevator partners close sales faster.
07 · Pressure points & risks
What is not going smoothly
Business growth in African markets like Kenya and Tanzania has been constrained due to prevailing political and economic conditions.
Fluctuations in steel prices over recent months impacted overall steel division utilization, procurement, and external sales volumes.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Short-term debt has increased year-on-year, and management may evaluate market fundraising or bank debt if working capital requirements expand alongside a targeted ₹100 crore top-line milestone.
Production is strictly managed against incoming orders to avoid blocking working capital through excessive inventory.
09 · Management guidance & targets
What management is targeting from here
Management targets 25-30% revenue growth for FY27.
The company is progressing toward a production milestone of 3,500 door units per month.
10 · Management call deep dive
What management said on the conference call
Operating takeaways
12 key pointsSegmental losses in the steel division are due to internal transfers, as the vast majority of polished steel is consumed in-house by the elevator division, making the overall business profitable.
Consistent growth continues in Nepal, while African markets await economic and political stabilization. Domestic reach is supported by regional warehouses and traders in major hubs.
The company targets approximately 150 units of home lifts by the end of the year, with EVOQ contributing around 5-7% of total revenue in the last quarter.
The company serves over 750 regular customers across India, with more than 80% showing consistent purchasing patterns.
Overall manufacturing capacity utilization stands at approximately 45% to 50%, with production actively aligned to incoming demand to prevent over-inventory.
The installation of the fully automatic Salvagnini machine in Unit 3 has significantly enhanced door production capabilities.
Management expects sustainable EBITDA margins to remain in the 18% to 20% range.
The EVOQ360 home lift product yields healthy margins close to 20-25% at the product level.
Short-term debt has increased year-on-year, and management may evaluate market fundraising or bank debt if working capital requirements expand alongside a targeted ₹100 crore top-line milestone.
Production is strictly managed against incoming orders to avoid blocking working capital through excessive inventory.
Management targets 25-30% revenue growth for FY27.
The company is progressing toward a production milestone of 3,500 door units per month.
Important analyst Q&A
4 key pointsParesh Naik clarified that vendor registrations and sampling are underway with Johnson, Kone, and Wittur, while Fujitec has started placing regular orders.
Monish Doshi noted that EVOQ home lift components are priced around ₹6-6.5 lakh, resulting in an installed price of ₹8-9 lakh compared to competitors at ₹10-12 lakh, backed by a unique 100-cycle battery management system.
The company has applied for railway vendor registration through SAIL, but progress is slow due to long government qualification timelines and existing public-sector vendor density.
Clarified that Stelix is not a separate manufacturing setup or product line, but a dedicated brand and marketing strategy for stainless steel sheets sold to external elevator and interior decoration markets.
11 · Key Q&A
The quarter, answered directly
What is the clearest takeaway from Q1 FY27?
Profit before tax was ₹3.46 Cr for the reported quarter. EPS was ₹1.22 for the reported quarter.
What drove revenue or demand?
The company targets approximately 150 units of home lifts by the end of the year, with EVOQ contributing around 5-7% of total revenue in the last quarter.
What mattered most for margins or profitability?
Management expects sustainable EBITDA margins to remain in the 18% to 20% range.
What changed operationally beyond the headline numbers?
Overall manufacturing capacity utilization stands at approximately 45% to 50%, with production actively aligned to incoming demand to prevent over-inventory.
What is management guiding or targeting from here?
Management targets 25-30% revenue growth for FY27.
What are the main pressure points disclosed for the quarter?
Business growth in African markets like Kenya and Tanzania has been constrained due to prevailing political and economic conditions.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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