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Revenue
₹19.93 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹7.33 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Affordable Robotic & Automation reported a strong Q3 FY26 with consolidated revenue of ₹86.8 crore and EBITDA margin expanding to 10.7% (vs -4.6% last year), driven by a 30% reduction in material and employee costs through restructuring and contract labor. PAT grew 116% YoY to ₹2.18 crore. The standalone business turned profitable with EBITDA margin of 9.8%. The order book stands at ₹130 crore (standalone) plus ₹8 crore from Homero (lease). Management guided for 20-30% revenue growth in Indian business and plans to deploy 225 robots in the US by March 2027, targeting monthly revenue of ~$2,500 per robot. Key risk: past order losses due to funding constraints and slower-than-expected US adoption.
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Guidance to track
- Management expects standalone Indian business to grow 20-30% in the next financial year, driven by improved operational efficiency and selective order booking.
- Target to deploy approximately 225 autonomous mobile robots in the US by end of FY27, generating monthly revenue of ~$2,500 per robot.
- Management indicated Q4 standalone revenue will be similar to last year's Q4 (₹84 Cr consolidated), with improved bottom line.
- Expects to touch $25-30K monthly revenue from Homero by March 2026, based on ongoing POCs and deployments.
Risks flagged
- Management admitted losing a ~₹21 Cr order because they lacked funds to build inventory and ship on time, highlighting execution risk tied to capital availability.
- Analyst raised concern that US warehouse robotics penetration is only 5-7%, and adoption has been slower than projections, which could delay Homero's scale-up.
- Management confirmed they need to raise additional capital to fund the 225-robot deployment target, and the quantum/valuation is not yet finalized.
- Analyst questioned the credibility of Sai Green, incorporated in 2024, and its ability to provide strategic value; management's response was evasive.
Key quotes
- We have achieved a milestone of staying profitable in H1 of the year and this momentum continued in Q3 as well.
- We plan to deploy by 2026 end or you can say March 27 around 225 robots... that could give us a monthly revenue of say around a crore.
- We lost that order because we did not get the appropriate fundraising at that point in time which needed to ship these robots.
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