Arihant Academy Q2 FY27 Results: H1 PAT Reaches ₹4.50 Cr

H1 FY27 results set the latest financial context

Arihant Academy Ltd has approved its financial results for the first half of FY27, covering the six months ended September 30, 2026. The company reported consolidated revenue from operations of ₹38.48 crore for H1 FY27. Consolidated profit after tax stood at ₹4.50 crore. The comparable H1 FY26 profit after tax was ₹4.01 crore. This places the half-year profit increase at about 12.2% year on year. The board approved the H1 FY27 results on October 24, 2026. The reported period includes the June 2026 and September 2026 quarters. Arihant Academy has been listed since December 29, 2022. Umesh Anand Pangam is identified as the company’s chairperson.

June quarter revenue rose from the previous year

For Q1 FY27, Arihant Academy reported consolidated revenue from operations of ₹22.00 crore. The company said this was 27.5% higher than the ₹17.25 crore reported in Q1 FY26. Total income for the June quarter was ₹22.32 crore, including ₹0.32 crore of other income. Net profit attributable to the period was ₹2.05 crore. Another reported presentation describes profit after tax before minority interest and associates at ₹2.19 crore. The difference reflects the treatment of minority interest and share of associates in the reported figures. Basic and diluted earnings per share for the quarter were ₹3.39 on a face value of ₹10 per share. The June-quarter results also included Zen Education and Learning as a 51% subsidiary following an additional stake acquisition effective April 1, 2026.

September-quarter figures need reporting-basis attention

The information provided for the September 2026 quarter contains figures drawn from different reporting bases. One cited consolidated revenue from operations figure is ₹20.51 crore for the quarter ended September 30, 2026. The same source cited September-quarter profit after tax of ₹2.59 crore. Separately, the approved H1 FY27 consolidated revenue of ₹38.48 crore, after deducting Q1 revenue of ₹22.00 crore, implies ₹16.48 crore for the second quarter. Similarly, H1 consolidated PAT of ₹4.50 crore less Q1 net profit of ₹2.05 crore implies about ₹2.45 crore for the second quarter. The supplied material also refers to standalone data and rounded quarterly figures. Investors should therefore distinguish between consolidated, standalone, attributable-profit and rounded data before making direct quarter-on-quarter comparisons. The company’s approved half-year numbers provide the clearest consolidated reference for the period.

Expenses shaped the June-quarter profit outcome

Arihant Academy reported total expenses of ₹19.56 crore in Q1 FY27. Employee benefit expense was ₹2.61 crore during the quarter. Depreciation and amortisation expense stood at ₹1.12 crore. Other expenses were ₹15.83 crore. Profit before tax was ₹2.76 crore after these expenses. Total tax expense was ₹0.58 crore. Current tax was ₹0.72 crore, partly offset by deferred-tax credit of ₹0.14 crore. The company reported that higher other expenses affected the year-on-year increase in net profit, even as revenue grew at a faster pace.

Reported Q1 operating metrics

The Q1 FY27 data points indicate that revenue growth outpaced net-profit growth. Revenue increased 27.6% year on year and 40.3% sequentially, according to the supplied quarterly comparison. Operating profit was reported at ₹3.6 crore. That operating profit was 50.5% higher year on year but 32.1% lower quarter on quarter. The reported operating margin was 16.2%. Net profit of about ₹2.1 crore was stated to be 4.7% higher year on year and 38.2% lower sequentially. These figures underline the role of costs in determining the final profit outcome. They also show why revenue growth alone should not be treated as a measure of earnings growth.

Board approves coaching business acquisitions

Alongside the H1 FY27 results, Arihant Academy’s board approved the acquisition of Arihant Tutorials and Rajguru Academy. The reported acquisition consideration is ₹81 lakh. The acquisitions are stated to be effective from April 1, 2027. The announcement characterises both targets as coaching businesses. No revenue, profit, student enrolment or funding details for these businesses were provided in the supplied information. As a result, the immediate financial contribution of the acquisitions cannot be quantified from the available disclosures. The transaction is nevertheless relevant because it points to an expansion of Arihant Academy’s education and coaching operations.

Bonus issue proposal changes share capital structure

The board has also approved a 1:1 bonus issue. The company plans to capitalise ₹6.06 crore from reserves of ₹27.49 crore for this purpose. A 1:1 bonus issue means shareholders would receive one additional share for every existing share held, subject to applicable approvals and processes. Such an issue increases the number of shares outstanding but does not itself add cash to the company. It should not be confused with a dividend or operating profit. The supplied information says the bonus issue will double the company’s share capital. Investors will need to monitor the company’s formal record-date and implementation announcements.

FY26 provides the recent annual comparison

Arihant Academy had reported a stronger FY26 than FY25 on the supplied annual data. FY26 sales rose 56.39% to ₹63.43 crore from ₹40.56 crore in FY25. Net profit for FY26 rose 104.72% to ₹9.11 crore from ₹4.45 crore in FY25. In the March 2026 quarter, net profit rose 249.47% year on year to ₹3.32 crore. Sales for that quarter rose 75.59% to ₹15.68 crore. These annual figures form the base from which the company entered FY27. The Q1 FY27 result maintained revenue growth, although the pace of net-profit growth was more moderate.

What the results mean for investors

The key confirmed takeaway from the latest disclosure is the H1 FY27 consolidated performance of ₹38.48 crore in revenue and ₹4.50 crore in PAT. The company has continued to add revenue on a consolidated basis, supported in part by the inclusion of Zen Education and Learning as a subsidiary. At the same time, Q1 data show that expense management remains important to profit conversion. The September-quarter metrics quoted in the available material are not fully aligned across consolidated and standalone references. Investors should rely on the company’s filed financial statements and clearly labelled consolidated data for comparison. The planned coaching acquisitions and bonus issue are the next corporate actions disclosed by the board. Further details on their completion and any related financial effect will depend on subsequent company announcements.