Aries Agro FY26: Revenue ₹956.88cr, PAT +26.5%

Key takeaway from the FY26 update

Aries Agro Limited, a plant nutrition and specialty agri-input company, reported a stronger set of consolidated numbers for the financial year ended March 31, 2026. The company said growth was visible across revenue and profitability, alongside improvements in operating efficiency metrics such as inventory, receivables and the overall working capital cycle. The FY26 performance was also positioned as resilient despite “challenging and volatile market conditions,” as stated in the results summary.

The update is notable because it combines double-digit revenue growth with a faster rise in profit before tax, while also reducing cash tied up in working capital. For an agri-input business where seasonality and credit cycles can affect cash flows, changes in receivable days and the working capital cycle provide an additional lens beyond headline profits.

FY26 revenue: 18.93% growth to ₹956.88 crore

Aries Agro reported gross revenue from operations of ₹956.88 crore in FY26. This compares with ₹804.59 crore in FY25, translating to a year-on-year increase of 18.93%.

The company did not provide a segment split in the provided disclosure, but described itself as operating in plant nutrition and specialty agri-inputs. The revenue figure reflects consolidated performance for the full year.

Profit before tax rises faster than revenue

On profitability, Aries Agro reported profit before tax (PBT) of ₹60.29 crore in FY26. In FY25, PBT stood at ₹44.39 crore. That marks 35.82% year-on-year growth in PBT.

The faster growth in PBT than revenue is a key detail in the release, as it indicates operating leverage and/or improved cost control during the year. The company also highlighted cost optimisation and better execution efficiencies in its commentary around margins.

Net profit (PAT) up 26.50% to ₹42.37 crore

Aries Agro’s profit after tax (PAT) rose to ₹42.37 crore in FY26, compared with ₹33.49 crore in FY25. This represents a 26.50% increase year-on-year.

The company attributed the outcome to robust revenue growth and operational efficiency, while also noting the broader market environment remained challenging and volatile during the year.

EBITDA rises 22.93% and margin improves to 9.29%

EBITDA for FY26 came in at ₹88.86 crore, up from ₹72.28 crore in FY25. This is 22.93% growth year-on-year.

EBITDA margin improved to 9.29% in FY26, from 8.98% in FY25. The margin expansion was linked in the release to enhanced operational performance, cost optimisation, and improved execution efficiencies.

Working capital discipline: cycle reduced from 89 to 64 days

Beyond the income statement, Aries Agro reported a material change in working capital efficiency during FY26. The company said its overall working capital cycle reduced to 64 days from 89 days in FY25.

Two specific operational metrics were cited as drivers. Inventory holding days fell to 55 days from 60 days. Trade receivable days improved to 35 days from 53 days. Taken together, the changes suggest tighter credit management and faster cash conversion, which can reduce financing pressure and improve balance sheet flexibility.

What the operating metrics indicate

The improvement in receivable days is particularly sharp, moving from 53 days to 35 days year-on-year. In practical terms, this points to quicker collections and potentially lower exposure to delayed payments, a common stress point in distribution-heavy businesses.

Meanwhile, the inventory holding period declined by 5 days. For agri-input companies that manage seasonal demand patterns and a wide SKU mix, inventory discipline can affect not only cash flow but also storage and handling costs. Aries Agro described these changes as reflecting stronger operational discipline and cash flow efficiency.

Q3FY26 snapshot: mixed quarter trends cited

Separate from the full-year FY26 numbers, the provided text also cites quarterly figures for the quarter ended December (Q3FY26). It states Aries Agro reported total income of ₹202.50 crore in Q3FY26, compared with ₹204.32 crore in Q2FY26 and ₹170.36 crore in Q3FY25.

On profits, the text notes a net profit decrease of 13.1% quarter-on-quarter and an increase of 50.8% year-on-year for Q3FY26. It also reports PBT of ₹23.84 crore in Q3FY26, down from ₹28.05 crore in Q2FY26, a 15.0% decline quarter-on-quarter.

Another cited data point says consolidated net profit in Q3FY26 rose 50.7% year-on-year to ₹17.31 crore (₹1,730.89 lakhs), while revenue rose 19.7% to ₹202.50 crore (₹20,249.80 lakhs). All quarterly figures are presented here in ₹ crore for consistency.

Summary table of reported metrics

Why FY26 results matter for investors tracking agri-inputs

The combination of higher EBITDA and an improving margin, alongside a shorter working capital cycle, indicates that FY26 performance was not solely driven by topline growth. Aries Agro’s disclosed working capital improvement also matters because it can support liquidity, especially in volatile market conditions where demand and pricing can change quickly.

The quarterly snapshot included in the provided text shows that not every quarter necessarily mirrors the full-year trend. The Q3FY26 commentary highlights quarter-on-quarter pressure in profit and PBT even as year-on-year growth remained strong. That contrast reinforces why full-year numbers and cash conversion metrics are both useful when assessing operational consistency.

Conclusion

Aries Agro’s FY26 consolidated results show revenue growth to ₹956.88 crore, higher profitability with PBT at ₹60.29 crore and PAT at ₹42.37 crore, and an EBITDA margin increase to 9.29%. Just as importantly, the company reported a reduction in the working capital cycle to 64 days from 89 days, driven by better inventory and receivable days. Future updates that continue to report revenue growth alongside stable margins and disciplined working capital will help investors track whether these improvements are sustained.