Aaron Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025.
AARON · price
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Aaron Industries reported its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone results alongside announcing a 1:1 bonus share issue. Revenue from operations rose to ₹1,924 lakhs from ₹1,719 lakhs in Q1 FY25, a growth of about 12%. However, net profit dropped sharply to ₹105.9 lakhs from ₹186.9 lakhs, a decline of roughly 43%, with EPS falling to ₹1.01 from ₹1.78. The Elevator Division drove growth with revenue up to ₹1,651 lakhs, while the Steel Polishing Division continued to post losses of ₹405 lakhs, worsening from ₹319 lakhs a year ago. The auditor (D C Jariwala & Co.) issued a clean limited review report with no qualifications. The board fixed August 25, 2025 as the record date for the bonus issue, which is subject to shareholder approval at the upcoming AGM.
The bonus issue (1:1) is a positive signal for shareholders, effectively doubling their share count without changing the company's value. However, the sharp fall in profits despite revenue growth, driven by higher raw material costs, doubled depreciation, and rising finance costs, along with widening losses in the Steel Polishing division, are concerns that may weigh on the stock in the near term.