Aartech Solonics LimitedCapital Goods & EngineeringAARTECH
Q1 FY27 concall · earnings callAartech Solonics Limited
The company delivered record first-quarter revenue growth driven by strong order execution and anticipates healthy performance in the upcoming quarters.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Total Revenue from Operations | 728 lakhs | 295 lakhs | |
| Profit Before Tax | 119 lakhs | 46 lakhs |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹9.78 Cr+33.2% YoY+3.9% QoQ | ₹1.84 Cr+211.9% YoY+21.9% QoQ | ₹0.58+3.6% YoY+23.4% QoQ |
| Q2 FY25 | ₹9.41 Cr+4% YoY+42.4% QoQ | ₹1.51 Cr+319.4% YoY+45.2% QoQ | ₹0.47+38.2% YoY-52% QoQ |
| Q1 FY25 | ₹6.61 Cr+3.6% YoY-33.8% QoQ | ₹1.04 Cr+42.5% YoYTurned profitable QoQ | ₹0.98+42% YoYTurned positive QoQ |
| Q4 FY24 | ₹9.98 Cr— YoY+36% QoQ | ₹-0.38 Cr— YoYTurned loss-making QoQ | ₹-0.36— YoYTurned negative QoQ |
| Q3 FY24 | ₹7.34 Cr— YoY-18.9% QoQ | ₹0.59 Cr— YoY+63.9% QoQ | ₹0.56— YoY+64.7% QoQ |
TL;DR
- Total revenue grew significantly to 728 lakhs from 433 lakhs YoY.
- Profit before tax rose from 73 lakhs to 119 lakhs YoY.
- Business segments include control & relay panels, bus transfer systems, defense projects, and specialized R&D products.
- The company maintains a healthy balance sheet with negligible debt.
- Management expressed confidence in future revenue and margin outlook.
Said on the call
“Our long-term vision is to get to that level, and for that, we have been trying to brace ourselves with a lot of original equipment manufacturing of the relays, which we are right now collaborating with many companies.”
From the Q&A
| Topic | What management said |
|---|---|
| Product Development and Defense Projects | CEO stated product development focuses on adding value and solving customer pain points. Disclosures on ultracapacitors for defense are limited due to sensitive Indian Army commitments, but products are being made in India for India. |
| Control & Relay Panel (CRP) Margins and Strategy | CEO said current CRP pricing offers around 10% margin, with a long-term vision to move to higher-rated panels (415 KV to 750 KV) which command better margins, potentially via own manufacturing or partnerships. |
| Order Pipeline Conversion | CEO clarified that previous mention of a ~Rs 100 crore pipeline referred to quoted inquiries; current orders in hand were around Rs 10-15 crore. She expects good order conversion this year or next, though projects have long gestation periods. |
| Growth Drivers and New Applications | Management highlighted new applications for flagship products like the Bus Transfer System (BTS) in data centers, refineries, and process industries, and sees emerging demand from these sectors. |
| R&D Expenditure Philosophy | CEO explained the company's frugal R&D approach focuses on understanding technology, building prototypes, and capitalizing expenses into assets rather than high overheads, which keeps reported R&D spending low. |
Guidance
- Expect the next three quarters to be very healthy in terms of revenues and margins.
- Anticipate good order conversion from the existing inquiry pipeline within this or the next financial year.
- Product technologies being worked on today are expected to be more applicable in the next five years.
Source
Summary written from the transcript filed by Aartech Solonics Limited for the call held on 14 Aug 2026; published 18 Aug 2026, 18:46 IST.
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