Arrow Greentech LimitedQ1 FY27 Results & Financial Update

Arrow Greentech Limited: Q1 FY27 consolidated results and company financials – revenue ₹87.84 Cr, PAT ₹27.43 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: ARROWGREENPublished 19 Oct 2026Updated 19 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹87.84 CrReported Q1 FY27
Profit after tax₹27.43 CrReported Q1 FY27
EPS₹18.15Reported Q1 FY27

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Quarterly Results AnalysisExplore Arrow Greentech 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

Arrow Greentech delivered consolidated revenue from operations of INR 87.84 crore for the quarter ended June 30, 2026, accompanied by total income of INR 89.89 crore.

02

Profitability expanded significantly during the period, with profit before tax (PBT) reaching INR 36.27 crore and profit after tax (PAT) touching INR 27.43 crore.

03

Basic and diluted earnings per share (EPS) for the quarter stood at INR 18.15, reflecting strong operational leverage and the realization of commercial benefits from prior investments.

04

Management attributed the strong quarterly performance to the commercial conversion of several years of capital investments in production capacity, research and development, and the company's patent portfolio.

05

The High-Tech Products segment acted as the primary growth engine for the quarter, supported by rising demand for anti-counterfeit applications and high-value security solutions.

06

Total expenses for the quarter were contained at INR 53.62 crore, comprising material costs, employee benefit expenses of INR 4.66 crore, depreciation of INR 1.63 crore, and other operational outlays.

07

In conjunction with the financial results, the board announced the appointment of Dr. Ashish Kumar Tiwari as CEO of the Green Segment, effective August 14, 2026, bringing three decades of industrial and international business experience to the role.

01 · Business model

What does Arrow Greentech do?

Arrow Greentech Limited specializes in biodegradable and high-tech products, operating primarily as a manufacturer of water-soluble films, bio-compostable packaging, and anti-counterfeit security solutions.

The company's core manufacturing operations are located at Ankleshwar, Gujarat, complemented by an expanded footprint in the Dahej-II Industrial Estate for future greentech enhancements.

Internationally, the group reaches customers across Europe, Asia, North America, South America, and Africa through various overseas subsidiaries and step-down entities.

The business portfolio is structured around two key operational segments: Green Products (including water-soluble and bio-compostable films) and High-Tech Products (anti-counterfeit solutions, intellectual property rights, and specialized security applications).

02 · Historical context

What shaped the business before this quarter

Company Founding

Established in 1992, Arrow Greentech has evolved from its origins into a specialized manufacturer of water-soluble films and anti-counterfeit products.

Manufacturing Footprint Growth

Beyond its initial Ankleshwar manufacturing base, the company previously secured a long-term lease for 3 acres of land in the Dahej-II Industrial Estate to support future greentech enhancements.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹87.84 Cr
Total income₹89.89 Cr
Profit before tax₹36.27 Cr
Profit after tax₹27.43 Cr
EPS₹18.15

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 31.2% 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 41.3% 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 ₹2.05 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

High-Tech Segment Expansion

Revenue from the High-Tech Products segment reached INR 81.60 crore (approximately Rs. 816 million) during the quarter, registering robust sequential growth driven by anti-counterfeit security applications.

Commercial Conversion of Investments

Management noted that top-line expansion was propelled by the active commercialization of historical investments in manufacturing capacity and proprietary patent portfolios.

What drove margins

Operating Leverage

Substantial scaling of revenue relative to fixed overheads and operating costs improved overall profitability margins during the quarter.

Input Cost Management

Cost of materials consumed was controlled at INR 36.13 crore, alongside inventory changes of INR (5.34) crore, helping support bottom-line conversion.

05 · Demand, customers & order book

Where demand is coming from

Security Applications Demand

Demand remained firm across anti-counterfeit solutions and high-value security applications, driving adoption among institutional and industrial customers.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

High-Tech Products Segment

Generated segment revenue of INR 81.55 crore and a segment result of INR 36.54 crore before unallocated items and tax.

Green Products Segment

Contributed segment revenue of INR 6.29 crore and a segment result of INR 1.53 crore, encompassing water-soluble and bio-compostable films.

07 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

Ankleshwar and Dahej Facilities

Manufacturing continued at Ankleshwar, Gujarat, while preparations for capacity enhancements continued for the leased land parcels in Dahej-II Industrial Estate.

Projects, capex and execution

Greentech Infrastructure

The company continues to invest in product portfolio development and environmentally sustainable manufacturing innovations to support medium-term growth.

08 · Strategy & new businesses

How the company is trying to change its growth mix

Leadership Realignment

Appointed Dr. Ashish Kumar Tiwari as CEO of the Green Segment to spearhead business generation, international expansion, and operational management.

09 · Reported developments

What changed operationally

Significant Profit Surge

Consolidated PAT expanded to INR 27.43 crore for Q1 FY27, reflecting strong operational leverage and execution across core business units.

Auditor and Governance Appointments

Appointed M/s. KNAV & Co. LLP as statutory auditors for a five-year term and Mr. Dilip M. Bathija as cost auditor for FY 2026-27.

10 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Minimal Finance Costs

Finance costs for the quarter were restricted to INR 0.08 crore, indicating low debt servicing burdens on the consolidated balance sheet.

11 · Management guidance & targets

What management is targeting from here

Management Outlook for Balance of FY27

Management stated that it enters the balance of financial year 2026-27 with confidence, intending to continue investing in product development and sustainable innovations to support business growth.

12 · Beyond the numbers

What changed beyond the numbers

Reported update

Statutory Auditor Appointment

The board approved the appointment of M/s. KNAV & Co. LLP as statutory auditors for five consecutive years (FY 2026-27 to FY 2030-31), subject to shareholder approval at the upcoming Annual General Meeting.

13 · Key Q&A

The quarter, answered directly

What does Arrow Greentech do?

Arrow Greentech Limited specializes in biodegradable and high-tech products, operating primarily as a manufacturer of water-soluble films, bio-compostable packaging, and anti-counterfeit security solutions.

What is the clearest takeaway from Q1 FY27?

Arrow Greentech delivered consolidated revenue from operations of INR 87.84 crore for the quarter ended June 30, 2026, accompanied by total income of INR 89.89 crore.

What drove revenue or demand?

Revenue from the High-Tech Products segment reached INR 81.60 crore (approximately Rs. 816 million) during the quarter, registering robust sequential growth driven by anti-counterfeit security applications.

What mattered most for margins or profitability?

Substantial scaling of revenue relative to fixed overheads and operating costs improved overall profitability margins during the quarter.

What changed operationally beyond the headline numbers?

Manufacturing continued at Ankleshwar, Gujarat, while preparations for capacity enhancements continued for the leased land parcels in Dahej-II Industrial Estate.

What is management guiding or targeting from here?

Management stated that it enters the balance of financial year 2026-27 with confidence, intending to continue investing in product development and sustainable innovations to support business growth.

14 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

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

Scenario output
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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.

15 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Dahej Facility Development: Monitor execution progress and capital expenditure updates regarding manufacturing enhancements at the Dahej-II Industrial Estate land parcels.

  2. 02

    Green Segment Execution: Track performance trajectory and demand cycles within the Green Products segment under newly appointed CEO Dr. Ashish Kumar Tiwari.

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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