Aries Agro Q2 profit rises 27% as finance costs decline

Aries Agro Limited reported consolidated net profit of Rs 25.34 crore for the quarter ended 30 September 2026, up 27% year on year, as total income from operations reached Rs 246.96 crore and finance cost declined to Rs 4.00 crore.

What did Aries Agro report for the September 2026 quarter?

Aries Agro reported consolidated profit after tax of Rs 25.34 crore for the three months ended 30 September 2026, compared with Rs 19.92 crore in the corresponding quarter a year earlier. The increase of Rs 5.42 crore followed profit before tax rising to Rs 34.08 crore from Rs 28.05 crore, with no exceptional items reported in either period.

Basic and diluted consolidated earnings per share were Rs 19.44 for the September 2026 quarter, against Rs 15.39 a year earlier. Total comprehensive income was Rs 26.26 crore, compared with Rs 20.22 crore, after other comprehensive income of Rs 0.92 crore during the latest quarter.

How did Aries Agro’s income change in Q2?

Aries Agro’s consolidated total income from operations increased by Rs 42.64 crore, or about 21%, to Rs 246.96 crore in the September 2026 quarter. Net income from operations after discounts and rebates grew to Rs 244.37 crore from Rs 199.87 crore, while other operating income declined to Rs 2.59 crore from Rs 4.45 crore.

The profit increase of 27% exceeded the approximately 21% increase in total income from operations. Sequentially, total income from operations rose from Rs 187.58 crore in the three months ended 30 June 2026, while consolidated net profit increased from Rs 14.85 crore, producing a higher September-quarter result than the preceding quarter.

Aries Agro reported one primary business segment and therefore did not provide separate segment revenue or profit under Indian Accounting Standard 108, known as Ind AS 108. Its business includes micronutrient fertilisers and plant nutrient solutions, and the filing says cropping patterns, seasonality and erratic weather conditions affect quarterly performance.

Which costs changed during Aries Agro’s Q2?

Aries Agro’s consolidated finance cost declined by Rs 3.54 crore to Rs 4.00 crore in the September 2026 quarter from Rs 7.54 crore a year earlier. The filing does not separately explain the movement in finance cost, but the reduction coincided with the Rs 6.03 crore increase in quarterly profit before tax.

Total expenses rose to Rs 212.88 crore from Rs 176.27 crore as income expanded. Consumption of materials increased to Rs 77.83 crore from Rs 71.59 crore, while the cost of traded products rose to Rs 46.50 crore from Rs 30.34 crore and selling and distribution expenses increased to Rs 33.06 crore from Rs 30.44 crore.

Employee benefits expense was Rs 19.52 crore, compared with Rs 18.75 crore in the September 2025 quarter. Manufacturing expenses rose to Rs 15.60 crore from Rs 12.82 crore, depreciation and amortisation increased to Rs 3.08 crore from Rs 2.56 crore, and administration and other expenses were Rs 5.39 crore against Rs 5.36 crore.

What do Aries Agro’s half-year results show?

Aries Agro reported consolidated net profit of Rs 40.19 crore for the half year ended 30 September 2026, compared with Rs 29.85 crore for the corresponding six months of 2025. Total income from operations rose to Rs 434.54 crore from Rs 365.47 crore, while profit before tax increased to Rs 53.70 crore from Rs 42.55 crore.

Six-month finance cost fell to Rs 8.83 crore from Rs 12.38 crore, a reduction of Rs 3.55 crore. Tax expense increased to Rs 13.52 crore from Rs 12.70 crore, while basic and diluted consolidated earnings per share rose to Rs 30.91 from Rs 23.10 for the half year.

Standalone net profit for the six months was Rs 34.90 crore, compared with Rs 27.56 crore in the prior-year period. The consolidated results include three subsidiaries and one associate to the extent applicable, including wholly owned subsidiaries Mirabelle Agro Manufacturing Private Limited and Aries Agro Equipments Private Limited.

What do Aries Agro’s balance sheet and cash flow show?

Aries Agro’s consolidated total assets stood at Rs 513.07 crore on 30 September 2026, compared with Rs 417.47 crore at 31 March 2026. Inventories increased to Rs 239.14 crore from Rs 143.89 crore, while trade receivables rose to Rs 125.13 crore from Rs 92.30 crore over the six-month period.

Cash and cash equivalents declined to Rs 6.21 crore at 30 September 2026 from Rs 24.76 crore at the March year-end. Non-current borrowings rose to Rs 37.59 crore from Rs 30.74 crore, while current borrowings fell to Rs 12.02 crore from Rs 19.90 crore.

Consolidated net cash flow from operating activities was an outflow of Rs 14.02 crore for the six months ended 30 September 2026, compared with an inflow of Rs 39.72 crore a year earlier. The cash-flow statement recorded Rs 95.25 crore used by higher inventories and Rs 32.83 crore used by higher trade receivables, partly offset by Rs 22.19 crore from higher trade payables and Rs 38.71 crore from provisions and other current liabilities.

Conclusion

Aries Agro’s September-quarter earnings growth exceeded its income growth, with consolidated net profit rising to Rs 25.34 crore as total income reached Rs 246.96 crore and finance cost fell by Rs 3.54 crore year on year. The half-year result showed the same pattern, although inventories and receivables increased substantially and operating cash flow turned negative.

The next reported period will show whether the Rs 239.14 crore inventory balance converts into sales and cash generation. Aries Agro has stated that cropping patterns, seasonality and erratic weather affect its micronutrient fertiliser and plant nutrient solutions business, and that quarterly figures are not representative of full-year performance.