Arham Technologies Ltd — Q4 FY26
Arham Technologies delivered a strong FY26 with consolidated revenue from operations of 118.5 crores, up 70% YoY, and PAT of 12.2 crores, up 68% YoY.
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
79%Questions answered1Evaded / deflected12Questions auditedContradictedNumbers vs filing
Partial answer
High priority
What caused margin compression despite strong topline growth this quarter?
Asked by Dhar Panda
Management attributed margin compression to global volatility and strategic expansion but did not quantify the impact.
blamed external factorsno specific margin breakdown
Read the exchange
Question
what specifically led to the margin compression despite the strong topline growth this quarter?
Management (Ankit G., likely CEO)
Look actually you know this uh uh war situation and global uh you know uh volatility actually you know gave us the advantage in the first quarter uh because we had uh inventory at a lower cost in the first quarter.
Partial answer
Medium priority
What fixed assets were added since last result (14-15 cr)?
Asked by Dhar Panda
Management mentioned IFPD units but did not confirm the exact amount or provide a breakdown.
no specific asset breakdownvague on deployment
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Question
what are what is the fixed assets that we have added from the last result as it was around 14 to 15 crores approximately.
Management (Ankit G.)
Yeah. So it is mostly you know the IFPD units what we were uh uh deploying the funds uh last year. It is a working capital in progress right now.
Answered
High priority
How much of the fund raise has been deployed?
Asked by Dhar Panda
Management provided a specific amount (26-27 cr) and timeline for the remainder.
Read the exchange
Question
how much money from the fund raise have been deployed?
Management (Ankit G.)
almost uh half of it has been deployed uh 50% of close to 26 27 crores have been deployed remaining uh will be deployed in this uh financial year
Answered
Medium priority
Which markets are targeted post appointment of Vicki Koshel?
Asked by Dhar Panda
Management listed specific states for expansion.
Read the exchange
Question
what are the market markets we anticipate to enter the post appointment of Vikosh
Management (Ankit G.)
Gujarat right now uh we are not present in Gujarat so we target Gujarat market, Rajasthan, uh, Jakhand, we are present in some regions. So, we would like to expand to Jakand uh as well as Bihar market
Partial answer
Medium priority
Views on trade receivables?
Asked by Dhar Panda
Management explained the increase due to seasonality but did not provide a specific figure or aging.
no specific receivable amountblamed seasonality
Read the exchange
Question
can you share your views on trade receivables?
Management (Ankit G.)
Yeah, because you know we uh January to May June is you know uh vic season and peak demand season for consumer electronics. So basically you know due to expansion and all you know majority of our sales were happened uh later part of February and March.
Answered
High priority
Guidance for FY27?
Asked by Dhar Panda
Management provided a specific revenue target of 200 cr for FY27.
Read the exchange
Question
what are the what are your guidance for FY27?
Management (Ankit G.)
FY27 you know um we are targeting a group you know cross revenue of 200 cr.
Answered
High priority
Is fundraising complete or more to be done?
Asked by Ashish Sony
Management confirmed completion and gave specific amounts raised and pending warrants.
Read the exchange
Question
you're planning to raise almost 80 odd kores. So is the fundraising done or is there something more to be done still?
Management (Ankit G.)
Uh as of now fundraising has been completed. uh 53 something uh crores have been raised through the preferential funders round and uh approximately 12 crores of warrants are uh under process
Evasive
High priority
How are you handling raw material volatility and pricing?
Asked by Ashish Sony
Management did not provide a concrete strategy or timeline for handling volatility or price increases.
no specific planvague on price increase
Read the exchange
Question
raw material volatility I think it compress your margin in X2 right. So how are you planning to handle that going forward and any plan for the price increase for your products?
Management (Ankit G.)
Uh yeah we will pass pass pass it on to our consumers you know uh it it is a natural process wherein you know we had inventory of the lower cost and prices started to increase.
Answered
Medium priority
Marketing spend planned for FY27 and FY28?
Asked by Ashish Sony
Management provided specific figures for marketing spend in FY27 and FY28.
Read the exchange
Question
how much is the marketing spend you're planning to do uh in FI 2728
Management (Ankit G.)
this year's close to you know it will be approximately 7.5 CR and uh next year it will be close to you know 5 to 6 cr
Answered
High priority
Current status of distributor network expansion to 250?
Asked by Deia
Management gave current distributor count (80) and additions (10) compared to last year (70).
Read the exchange
Question
what is the current uh status of this expansion like uh is is it going with your internal expectations?
Management (Ankit G.)
Uh yes, the plan is going uh as per our internal expectations and uh this year you know we have approximately you know close to 80 distributors which we had 10 uh 70 distributors last year and approximately 10 distributors we have added
Answered
High priority
How much growth came from new vs existing dealers?
Asked by Vun Wandi, Finn Avenue Growth Fund
Management provided a clear percentage split (70% existing, 30% new).
Read the exchange
Question
how much of this growth came from adding new dealers versus the higher throughput from existing dealers?
Management (Ankit G.)
70% of the contribution was from uh approximately 70% of the contribution is from the older dealers and distributors and 30% from new dealers and distributors
Answered
High priority
Post-warrant conversion promoter holding?
Asked by Dhar Panda (second call)
Management gave a specific percentage (58%) for promoter holding post-conversion.
Read the exchange
Question
my first question will be with regards to the post promoter holdings after the warrants are converted. Can you please share that?
Management (Ankit G.)
It will be close to 58% after the warrants will be converted.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Revenue guidance for FY27: 200 cr | ₹200 cr | ₹73 cr | Overstated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.