Analysts/Institutional Investor Meet/Con. Call Updates

November 06, 2026 To To The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai 400001. Mumbai 400 051. Scrip Code: 544419 Symbol: ARIS Sub: Transcript of the earnings conference call for the quarter and half year ended September 30, 2026 Dear Sir/ Madam, We are enclosing herewith copy of the transcript of the Company's Q2/H1 - FY27 earnings conference call dated, Wednesday, November 04, 2026 The transcript is also available on the Company's website under the Investors section at: https://aris.in/pages/investor-relations-financial-results Further, please note that no unpublished price sensitive information was shared/discussed by the Company during the said earnings call. You are requested to take the above information on record. Thanking you, Yours sincerely, For Arisinfra Solutions Limited Bhavik Jayesh Khara Whole Time Director & CFO DIN: 09095925 Place: Mumbai Arisinfra Solutions Limited Q2/H1 -FY27 Analyst Call Event Date/Time : 04/11/2026, 14.00 Hrs IST Event Duration : 58 mins 01 sec CORPORATE PARTICIPANTS: Mr. Ronak Morbia Chairman and Managing Director Mr. Bhavik Khara Whole-Time Director & Chief Financial Officer Mr. Srinivasan Gopalan Chief Executive Officer Purvangi Jain Valorem Advisors Arisinfra Solutions Limited Q2 Analyst Call 04.11.2026 Q&A PARTICIPANTS: 1 Deepak Poddar : Sapphire Capital 2 Giriraj Daga : Visaria Family Trust 3 Jatin : Nuvama 4 Amit Mehendale : RoboCapital 5 Prabhat Agarwal : Finvestors 6 Love Gupta : Counter Cyclical Investments 7 Ishit Desai : FOD Family Office 8 Nikhil Gupta : Vaayu Capital 9 Saurav Rathod : SR Capitals 10 Ashish : Infinity Capital 11 Meet Mehta : Integrative Ventures 12 Vaibhav KR : Orelius Asset Management 13 Gaurav Shukla : Finvestors 14 Manish : Individual Investor Arisinfra Solutions Limited Q2 Analyst Call 04.11.2026 Moderator Good afternoon, ladies and gentlemen. I'm Karthikeyan, moderator for the conference call. Welcome to the Q2 Analyst Call of Arisinfra Limited. As a reminder, all participants will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. If you need assistance during the conference call, please signal an operator by pressing * and then 0 on your touch-tone telephone. Please note, this conference is recorded. I would now like to hand over the floor to Ms. Purvangi Jain from Valorem Advisors. Thank you, and over to you, ma'am. Purvangi Jain Thank you. Good afternoon, everyone, and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Arisinfra Solutions Limited. On behalf of the company, I'd like to thank you all for participating in the company's earnings call for the second quarter and the half year ended of the FY27. Before we begin, a quick cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are made on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's conference call is purely to educate and bring awareness about the company's fundamental business and financial performance for the period under review. Let me now introduce you to the management participating with us in today's earnings call and hand it over to them for their opening remarks. We have with us, Mr. Ronak Morbia, Chairman and Managing Director; Mr. Bhavik Khara, Whole- Time Director and Chief Financial Officer; and Mr. Srinivasan Gopalan, Chief Executive Officer. Without any delay, I request Mr. Ronak to start with his opening remarks. Thank you, and over to you, sir. Ronak Morbia Thank you, Purvangi. Good afternoon, everyone, and welcome to Arisinfra Solutions Limited's Earnings Conference Call for the second quarter and half year ended September 30, 2026. The way construction materials are sourced, manufactured, and delivered in India is changing, but the underlying market remains highly fragmented. Customers continue to deal with multiple vendors, uneven supply visibility, credit constraints and execution challenges across project sites. We believe the opportunity is not merely to participate in the movement of construction materials, but to bring greater coordination, transparency, and accountability to the entire process. That is the platform we are building at Aris. We bring together materials procurement, contract manufacturing, and real estate project execution through an asset-light, technology-led operating model. Our network now spans over 3,500 customers, more than 2,300 vendors, and 23 partner plants, with operations across 23 states and union territories. The objective is to make this network increasingly valuable with every customer relationship, every delivery, and every project that we continue. Our three business engines have distinct but connected roles. Arisinfra Solutions Limited Q2 Analyst Call 04.11.2026 The materials business gives us customer access, procurement relationships, and demand intelligence. Contract manufacturing allows us to secure reliable supply and participate more deeply in the value chain, while retaining an asset-light structure through exclusive partnerships with manufacturing plants. DaaS, our developer as a service offering extends our role further into real estate by bringing together project planning, funding coordination, material supply, execution, sales, and collections. The shift in our business mix is becoming increasingly visible. Contract Manufacturing and DaaS together contribute 66% of our revenue in Q2 FY27 compared with 53% in Q2 FY26. This is an important development because these businesses bring higher returns and deeper customer engagement. At the same time, each segment continues to have its own economic contribution, allowing us to build scale without depending on a single revenue stream. The second quarter is also a meaningful demonstration of the resilience of this operating model. Despite the seasonal moderation generally associated with the monsoon period, we delivered growth in revenue, profitability and margins on a sequential as well as YoY basis. We also expanded our manufacturing network and significantly increased the DaaS execution portfolio during the first half. I will now request Bhavik Khara, our Whole-Time Director and CFO, to take you through the financial performance for the quarter and half year. Following that, Srinivasan Gopalan, our CEO, will discuss the operational progress across our businesses. Bhavik Khara Thank you, Ronak, and good afternoon, everyone. The financial performance for Q2 FY27 reflects continued improvement in the quality of our growth. Revenue from operations for the quarter stood at INR 308 crores, registering a YoY growth of 28% and a sequential increase of 6%. EBITDA increased by 58% YoY to INR 36 crores, while EBITDA margin expanded by 220 basis points to 11.6%. PAT stood at INR 23 crores, up 50% compared to the corresponding quarter last year, with PAT margin improving to 7.4%. The improvement was not limited to the reported quarterly performance. For H1 27, revenue from operations grew 32% YoY to INR 599 crore. EBITDA increased 63% to INR 66 crores, with margins expanding by 210 basis points to 11.1%. PAT more than doubled to INR 43 crore from INR 20 crore in H1 26. This performance reflects contribution from a stronger business mix, particularly continued scale-up in contract manufacturing and DaaS. An important feature for the quarter was the ability to impr [Showing first 8,000 characters — download PDF for full document]