Transcript of earnings conference call for the quarter ended June 30, 2026

August 07, 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 ended June 30, 2026 Dear Sir/ Madam, We are enclosing herewith copy of the transcript of the Company's Q1 FY27 earnings conference call dated Thursday, August 06, 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under the Investors section at: https://aris.in/pages/investor-relations-financial-results Further, please note that no unpublished price sensitive information was shared/discussed by the Company during the said earnings call.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 Q1 Analyst Call Event Date/Time : 06/05/2026, 12.00 Hrs IST Event Duration : 61 mins 50 secs CORPORATE PARTICIPANTS: Mr. Ronak Morbia Chairman and Managing Director Mr. Bhavik Khara Whole-Time Director & Chief Financial Officer Mr. Srinivasan Gopalan Chief Executive Officer Q&A PARTICIPANTS: 1 Aakash Choudhry : Easy Equity. 2 Agastya Dave : CAO Capital. 3 Manish Kela : Swastik Investment. 4 Sanchita Sood : Robo Capital. 5 Akhilesh Rawat : Ridhanta Vision Pvt Ltd. Arisinfra Solutions Limited Q1 Analyst Call 06.08.2026 6 Dharshil Jhaveri : Crown Capital. 7 Ishit Desai : FOD Family Office. 8 Disha Chordia : Sapphire Capital. 9 Amit Mehendale : Robo Capital. 10 CR Narayanan : Individual Investor. 11 Siddhant : Individual Investor. Moderator Good afternoon, ladies and gentlemen. I'm Karthikeyan, moderator for the conference call. Welcome to the Q1 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. Should 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 and Valorem Advisors, I would like to thank you all for participating in the company's earnings conference call for the first quarter of FY27. Before we begin, let me mention a short 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 based on management's beliefs, 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 decision. The purpose of today's earnings call is purely to educate and bring awareness about the company's fundamental business and financial quarter 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, over to you, sir. Ronak Morbia Arisinfra Solutions Limited Q1 Analyst Call 06.08.2026 Thank you, Purvangi. Good afternoon, everybody. It is a pleasure to welcome you all to the earnings conference call for the first quarter of FY27. In the interest of some of the people who may be new to the company. Let me first start by giving you a brief overview of the company, followed by the financial highlights, and operational highlights for the quarter under review. India's construction ecosystem continues to present a large structural opportunity, driven by sustained infrastructure investments, urbanization, and increasing formalization of procurement processes. However, the industry still remains highly fragmented, with limited technology integration and operational inefficiencies across sourcing, execution, and working capital management. Aris focused on solving these challenges by building an integrated execution and procurement network powered by technology, data intelligence, and disciplined operations. Aris is a tech-enabled construction materials and services company focused on simplifying procurement and execution across India's infrastructure and real estate ecosystem. We operate an asset-light, network-driven model that integrates sourcing, contract manufacturing, logistics, technology, and project execution into a unified operating platform. Today, we serve over 3,400 customers through a network of 2,200-plus vendors across 23 states and union territories with more than 82% repeat order contribution, reflecting the strength of our execution capabilities and customer relationships. Our business is built across three complementary segments, which together create a scalable and capital- efficient ecosystem. The first segment is our B2B supply business, which acts as the entry point to the network. Through this business, we provide developers and contractors with efficient procurement solutions across different construction materials. This segment is relationship-driven and helps us build transaction scale, pricing intelligence, and deeper customer engagement across regions. The segment contributed around 37% to our revenues in Q1 FY27. The second segment is contract manufacturing, which has now become one of our key growth and profitability drivers. Under this segment, we secure production capacity through exclusive long-term partnerships with manufacturing plants without owning the assets ourselves. This allows us to benefit from manufacturing economics while maintaining an asset-light structure. During Q1 FY27, this segment contributed nearly 53% of revenues, underscoring its growing importance within our business mix and strengthening our supply capabilities. The third segment is our services business, operated through the Developer as a Service, or DaaS model. Under this offering, we manage the entire project life cycle for developers, including procurement, project execution, funding coordination, sales, and collections. During the quarter, we secured a new DaaS mandate worth INR 650 crores from a leading developer in Mumbai, further strengthening our project pipeline. As a result, our execution portfolio expanded to 10 active projects, with gross development value under execution increasing to over INR 1,800 crores, providing strong long-term revenue visibility. What is important to understand is that these three segments are deeply interconnected. The B2B supply business helps build customer relationships and network density, contract manufacturing improves supply control and profitability, while the services business drives higher-margin and long-term engagements. Arisinfra Solutions Limited Q1 Analyst Call 06.08.2026 Together, we create a powerful operating network with strong cross-selling opportunities, improving operating leverage, and increasing customer stickiness over time. With this, I now hand it over to Mr. Bhavik Khara, the Whole-Time Director and CFO of our company for the financial highlights for the period under review. Bhavik Khara Thank you, Ronak, and good afternoon, everyone. Let me ta [Showing first 8,000 characters — download PDF for full document]