Aries Agro LimitedQ1 FY27 Results & Financial Update

Aries Agro Limited: Q1 FY27 consolidated results and company financials – revenue ₹185.86 Cr, PAT ₹14.85 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: ARIESPublished 21 Oct 2026Updated 21 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹185.86 CrReported Q1 FY27
Profit after tax₹14.85 CrReported Q1 FY27
EPS₹11.47Reported Q1 FY27

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Quarterly Results AnalysisExplore Aries Agro 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

01

Aries Agro Limited reported consolidated revenue from operations of INR 185.86 crore for the first quarter ended June 30, 2026, alongside total income of INR 187.58 crore including other operating income.

02

The company generated a profit before tax (PBT) of INR 19.62 crore for the quarter, recovering from sequential pressures observed in the preceding quarter ended March 31, 2026.

03

Consolidated net profit (PAT) for the quarter stood at INR 14.85 crore, translating to a basic and diluted earnings per share (EPS) of INR 11.47.

04

Total expenses for the quarter were recorded at INR 167.96 crore, encompassing material consumption, employee benefit expenses, finance costs, and manufacturing overheads.

05

Finance costs for the quarter stood at INR 4.83 crore, while depreciation and amortization expenses were reported at INR 2.66 crore.

06

Management noted that because the company's business is directly tied to micronutrient fertilizers and plant nutrient solutions, performance is inherently sensitive to cropping patterns, seasonality, and erratic weather conditions, making quarterly numbers non-representative of full-year performance.

07

Profit after tax was ₹14.85 Cr for the reported quarter. EPS was ₹11.47 for the reported quarter.

01 · Business model

What does Aries Agro do?

Aries Agro Limited specializes in the manufacturing and distribution of micronutrient fertilizers and bespoke plant nutrient solutions designed to correct soil deficiencies and improve crop yields.

The company's primary revenue engine stems from specialty plant nutrition products, chelated micronutrients, and allied agricultural inputs that are marketed across domestic agricultural regions and select international markets.

Its operational model depends heavily on seasonal cropping cycles across India and global agricultural zones, meaning that demand patterns fluctuate based on weather conditions, monsoon timeliness, and localized rainfall distribution.

To support its manufacturing and distribution footprint, the company maintains subsidiaries such as Aries Agro Equipments Private Limited, Mirabelle Agro Manufacturing Private Limited, and Golden Harvest Middle East FZC, alongside an associate interest in Amarak Chemicals FZC.

02 · Historical context

What shaped the business before this quarter

Company Incorporation

Aries Agro Limited has operated since 1969, building a multi-decade operational history in specialty plant nutrition.

Subsidiary Structure

The company established and maintains three active subsidiaries—Aries Agro Equipments Private Limited, Mirabelle Agro Manufacturing Private Limited, and Golden Harvest Middle East FZC—alongside an associate company, Amarak Chemicals FZC.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹185.86 Cr
Total income₹187.58 Cr
Profit before tax₹19.62 Cr
Profit after tax₹14.85 Cr
EPS₹11.47

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 8.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 10.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹1.73 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operational Revenue

Recorded consolidated revenue from operations of INR 185.86 crore after accounting for discounts and rebates of INR 51.20 crore.

Other Operating Income

Contributed an additional INR 1.73 crore, bringing total income from operations to INR 187.58 crore.

What drove margins

Material Consumption

Consumption of materials and rebranded goods totaled INR 49.37 crore for the quarter.

Traded Product Costs

Cost of products traded accounted for INR 46.27 crore during the period.

Employee Expenses

Employee benefit expenses stood at INR 20.61 crore for the quarter.

Selling and Distribution Outlays

Selling and distribution expenses represented a major operational overhead at INR 26.94 crore.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Primary Business Segment

The company confirmed that its business activity falls within a single primary business segment related to micronutrient fertilizers and plant nutrient solutions, making segment reporting under Ind AS 108 inapplicable.

Geography and market mix

Domestic and Overseas Operations

Consolidated financial results incorporate domestic entities as well as overseas operations through Golden Harvest Middle East FZC based in the United Arab Emirates.

06 · Strategy & new businesses

How the company is trying to change its growth mix

Leadership Continuity

The Board approved the re-appointment of Dr. Rahul Mirchandani as Managing Director for a five-year term effective April 1, 2027, subject to member approval at the upcoming Annual General Meeting.

Independent Director Re-appointment

Mr. Nrupang Bhumitra Dholakia was re-appointed as an Independent Director for a second consecutive term of five years effective March 15, 2027.

07 · Reported developments

What changed operationally

Profitable Quarter

The company delivered a positive consolidated net profit of INR 14.85 crore for Q1 FY27, backed by stable top-line generation.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Dividend and AGM Schedule

The Annual General Meeting has been scheduled for September 29, 2026, with the record date for dividend entitlement set for September 22, 2026, and payment scheduled on or before October 23, 2026.

09 · Key Q&A

The quarter, answered directly

What does Aries Agro do?

Aries Agro Limited specializes in the manufacturing and distribution of micronutrient fertilizers and bespoke plant nutrient solutions designed to correct soil deficiencies and improve crop yields.

What is the clearest takeaway from Q1 FY27?

Aries Agro Limited reported consolidated revenue from operations of INR 185.86 crore for the first quarter ended June 30, 2026, alongside total income of INR 187.58 crore including other operating income.

What drove revenue or demand?

Recorded consolidated revenue from operations of INR 185.86 crore after accounting for discounts and rebates of INR 51.20 crore.

What mattered most for margins or profitability?

Consumption of materials and rebranded goods totaled INR 49.37 crore for the quarter.

What changed operationally beyond the headline numbers?

The Board approved the re-appointment of Dr. Rahul Mirchandani as Managing Director for a five-year term effective April 1, 2027, subject to member approval at the upcoming Annual General Meeting.

What should the next disclosure help confirm?

Upcoming AGM scheduled for Tuesday, September 29, 2026.

10 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Annual General Meeting: Upcoming AGM scheduled for Tuesday, September 29, 2026.

  2. 02

    Dividend Payout: Payment of dividend for 2025-26 on or before Friday, October 23, 2026, following the record date of September 22, 2026.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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