Affordable Robotic & Automation Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Affordable Robotic & Automation Ltd filed with BSE on 09 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Affordable Robotic & Automation reported a transformation year with standalone EBITDA margin expanding from about 9% to 14.45% and consolidated results turning from a loss to a profit, driven by a focus on selective, more profitable project execution rather than revenue growth. The company secured a Rs 48 crore strategic investment into its Humro warehouse automation subsidiary and reported an order book of roughly Rs 36 crore in lease model orders and Rs 60 crore in pipeline outright sales for Humro, alongside Rs 127 crore of combined order book in the automation and car parking verticals. Management discussed delays in customer timelines, a paused Dallas partnership, and ongoing discussions for a US inventory partnership to reduce lead times.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Total Income (Standalone): Rs 110 crores (FY26)
p. 4
“On a standalone basis, turnover was total income is around 110 crores, EBITDA 16 crores, EBITDA margin 14.45”
Murthy, page 4 of the filed PDF · View the filing
EBITDA Margin (Standalone): 14.45% (FY26)
p. 4
“On a standalone basis, turnover was total income is around 110 crores, EBITDA 16 crores, EBITDA margin 14.45”
Murthy, page 4 of the filed PDF · View the filing
PAT Margin (Standalone): 6.27% (FY26)
p. 4
“So PAT margin we did around 6.27% in this year.”
Murthy, page 4 of the filed PDF · View the filing
Total Income (Consolidated): Rs 120 crores (FY26)
p. 4
“On overall total income, we did around 120 crores.”
Murthy, page 4 of the filed PDF · View the filing
EBITDA (Consolidated): 17 crores (FY26)
p. 4
“turned around from loss of 2.33 lakhs in previous year to 17 crores in this year which is almost 19 crores grow 19 crores growth is there in EBITDA”
Murthy, page 4 of the filed PDF · View the filing
EBITDA Margin (Consolidated): 14.2% (FY26)
p. 4
“and margin EBITDA margin is 14.2 percent”
Murthy, page 4 of the filed PDF · View the filing
PBT (Consolidated): 9.88 crore (FY26)
p. 4
“PBT also turned positive 9.88 lakhs this year, whereas in last year it was around 7 lakhs.”
Murthy, page 4 of the filed PDF · View the filing
Total Expenses: Rs 95 crores (FY26)
p. 4
“Total expenses was well managed within 95 crores.”
Murthy, page 4 of the filed PDF · View the filing
New order bookings: Rs 20 crores (Apr-May 2026)
p. 4
“New customer acquisition on order book in this quarter alone, we booked around 20 crores or additional orders in this two months itself.”
Murthy, page 4 of the filed PDF · View the filing
Opening order book: Rs 120 crores (as of call date)
p. 4
“Our opening order book is around 120 crores.”
Murthy, page 4 of the filed PDF · View the filing
Humro order book (lease model): $3 plus million dollars, around 30-35 units
p. 5
“Currently we are sitting on an order of around $3 plus million dollars, which is ballpark around 30-35 units in a lease model.”
Robinson, page 5 of the filed PDF · View the filing
Humro outright sales pipeline: 60 crore / $6 million
p. 5
“And we are also sitting on a good pipeline of around 60 crore.”
Robinson, page 5 of the filed PDF · View the filing
Automation order book: 45 crores (as of call date)
p. 5
“So, 45 crores worth of orders we are executing in automation as of now.”
Murthy, page 5 of the filed PDF · View the filing
Car parking order book: 82 crores (as of call date)
p. 5
“Total 82 crores.”
Murthy, page 5 of the filed PDF · View the filing
Total automation and car parking order book: 127 crores (as of call date)
p. 5
“So, overall, 127 crores auto book is there as on data in at the automation and car parking both were vertical in crores.”
Murthy, page 5 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Robots deployed in FY27 — 225 robots · FY27
stated firmly by Robinson
p. 6
“So, as of now, no revision. Yeah, we are still very positive.”
Robinson, page 6 of the filed PDF · View the filing
US inventory partnership targets — March 2027
stated conditionally by Robinson
p. 5
“We are trying to. Build in this partner who can stock these products and then make it available in the US so that we can meet our March 2027 targets.”
Robinson, page 5 of the filed PDF · View the filing
Autonomous forklift local manufacturing — first product complete manufacturing announced · June end
stated firmly by Milind Padole
p. 10
“By June end, you will see the first product, complete manufacturing announced.”
Milind Padole, page 10 of the filed PDF · View the filing
Second forklift model — second model · August
stated firmly by Milind Padole
p. 10
“So by August, there will be second model.”
Milind Padole, page 10 of the filed PDF · View the filing
Number of locally manufactured products — five products · this year
stated firmly by Milind Padole
p. 10
“So this year, we will be having total five products.”
Milind Padole, page 10 of the filed PDF · View the filing
Second lot of robots delivery — 25 robots · July 10th/15th
stated firmly by Milind Padole
p. 7
“July 15th, the second lot of 25 robots.”
Milind Padole, page 7 of the filed PDF · View the filing
Price reduction target for Humro products — 50% price reduction · next two years
stated as an aspiration by Milind Padole
p. 14
“So, my sole target is to reduce the price by 50% in next two years.”
Milind Padole, page 14 of the filed PDF · View the filing
EBITDA margin target for Humro — 18%
stated as an aspiration by Murthy
p. 13
“18%. 18% is our target.”
Murthy, page 13 of the filed PDF · View the filing
Growth momentum for FY27 — FY27
stated as an aspiration by Milind Padole
p. 14
“we will continue this work and will accelerate yeah we'll do better than the current year much much better than previous uh 15 16 years that's what we expect and that is going to happen”
Milind Padole, page 14 of the filed PDF · View the filing
Car parking exports — six to nine months
stated firmly by Milind Padole
p. 3
“So six months to nine months, we will start exporting carbon products.”
Milind Padole, page 3 of the filed PDF · View the filing
Second half profitability — Q2 FY27 onwards
stated firmly by Murthy
p. 13
“Quarter two from quarter two, you can see financial means quarter one is always low for us. So you can see the second half will be on the profitable side.”
Murthy, page 13 of the filed PDF · View the filing
New ARAPL product launch — mechanical part ready, product ready by November/December · November or December
stated firmly by Milind Padole
p. 16
“So ARAPL first new product we are trying to launch by June mechanical July end sorry the mechanical part and it will go in testing by July and we expect the product to be ready by November or December for ARAPL.”
Milind Padole, page 16 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
No new deployments in April-May; 24 units contracted for expected deployment over next couple of months.
Answered by Robinson
Asked by Pawan Kumar: How many robots were deployed in April and May out of the 225 target for FY27?
p. 5
“Okay, so first two months, there is no deployment.”
Robinson, page 5 of the filed PDF · View the filing
No revision; management remains positive and cites strategic partner discussions and Fortune 50 demand.
Answered by Robinson
Asked by Pawan Kumar: Are we sticking with the 225 robot target for FY27 or revising guidance?
p. 6
“So, as of now, no revision. Yeah, we are still very positive.”
Robinson, page 6 of the filed PDF · View the filing
The Dallas partnership did not materialize as expected, delaying fundraising.
Answered by Robinson
Asked by Pawan Kumar: Is there an update on the Dallas partnership discussed in the last call?
p. 8
“Yeah, so that didn't go through.”
Robinson, page 8 of the filed PDF · View the filing
Motor, motor controller, and radar sensors are imported from China though manufactured to European/Japanese specs.
Answered by Milind Padole
Asked by Pawan Kumar: Which Humro robot components are imported from China?
p. 8
“So we get motor, motor controller, yeah, motor, motor controller, and radar sensors.”
Milind Padole, page 8 of the filed PDF · View the filing
Customer timelines were delayed by six to eight months and a global market constraint affected outlook in Q4.
Answered by Rahul Padole
Asked by Ketan Chheda: Why did parent company revenue fall significantly despite earlier guidance of flat revenue?
p. 9
“Also just to add on to this, from February of Q4, of our customers delayed their timeline. What they wanted earlier, they have deferred it by six, eight months.”
Rahul Padole, page 9 of the filed PDF · View the filing
Rarely, but a new cost-control department now reviews and can reject orders that no longer meet profitability norms after cost changes.
Answered by Milind Padole
Asked by Ketan Chheda: Do firm orders sometimes get dropped before execution due to profitability concerns?
p. 9
“So we have added one cost control department, which is like budgeting. And so even if it doesn't fit into our norms of profitability. We have started rejecting those orders because there's a lot of variability in builders, right?”
Milind Padole, page 9 of the filed PDF · View the filing
Humro is priced 15-20% lower than Chinese competitors and differentiates via technology, Indian software, and easy integration.
Answered by Robinson
Asked by Atharv Deshpande: How does Humro compare with US competition on price and quality?
p. 10
“In terms of pricing, we are very, very competitively priced because we have onboarded a couple of guys from these competitive companies. We are very, very competitively priced, around 15 to 20 percent lower than what the Chinese are offering.”
Robinson, page 10 of the filed PDF · View the filing
Yes, once the allotment process completes the holding will reduce below 50%.
Answered by Ramesh
Asked by Ramesh: Will the ARAPL RaaS holding percentage drop below 50% after the fund raise?
p. 12
“So, from what I understand, it will be below 50%, right?”
Ramesh, page 12 of the filed PDF · View the filing
Management is targeting around 15-18% margins, though EBITDA is not the primary year-one focus.
Answered by Robinson
Asked by Ramesh: What margins are being targeted for the RaaS lease and outright sale businesses?
p. 12
“So we are chasing between 15 and 20% every. This is a moving target.”
Robinson, page 12 of the filed PDF · View the filing
Management stated minority shareholder benefits are not being hampered and remain intact.
Answered by Milind Padole
Asked by Shreya Wazir: Why release forward-looking guidance on warehouse automation if minority shareholders may lose upside from a corporate action reducing subsidiary ownership below 50%?
p. 15
“So as far as the minority shareholders benefits are considered. Those are not hamper it. So, those are intact.”
Milind Padole, page 15 of the filed PDF · View the filing
Numbers to the extent of ARAPL's remaining share (43-45%) will still be consolidated into the listed entity.
Answered by Milind Padole
Asked by Shreya Wazir: How will minority shareholders participate in upside if the entity is no longer a subsidiary?
p. 15
“No, numbers to the tune of 43% or 45%, whatever is LFPL share, will get consolidated.”
Milind Padole, page 15 of the filed PDF · View the filing
Risks flagged
Customer timeline delays affecting dispatch and revenue recognition
p. 9
“Also just to add on to this, from February of Q4, of our customers delayed their timeline. What they wanted earlier, they have deferred it by six, eight months.”
Rahul Padole, page 9 of the filed PDF · View the filing
Global market constraint affecting demand outlook
p. 9
“And in Q4, at least in the middle of Q4, all of us know that there was a global constraint because of which market outlook has changed significantly.”
Rahul Padole, page 9 of the filed PDF · View the filing
US tariff policy uncertainty on imported components
p. 13
“we have made ways around when it was 50% tariff, now it is back to 25%.”
Robinson, page 13 of the filed PDF · View the filing
Delayed fundraising due to failed Dallas partnership
p. 8
“And that's why that fundraise got delayed, which I mentioned beginning. So we had a lull in terms of fundings beginning of the year, last year, April, May, June.”
Robinson, page 8 of the filed PDF · View the filing
Inventory lead time challenges in the US market
p. 5
“That is one of the biggest problems wherein lead time goes down from four, goes up to like six months, also.”
Robinson, page 5 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.