ARAPL Q1 FY27: consolidated loss widens to ₹4.80 Cr, revenue plunges 78% QoQ
PAT -30.18% YoY · revenue -41.24% · margins compressing
₹11.03 Cr
-41.24% YoY
₹-4.8 Cr
-30.18% YoY
-43.3%
-23.7pp YoY
₹-4.05
Affordable Robotic & Automation's consolidated Q1 FY27 (quarter ended June 30, 2026) results show revenue collapsing to ₹11.03 Cr, down 41% year-on-year from ₹18.77 Cr and down 78% sequentially from ₹50.93 Cr in Q4 FY26. The consolidated net loss widened to ₹4.80 Cr, deeper than the ₹3.69 Cr loss reported in the year-ago quarter (loss up ~30% YoY) and a sharp reversal from the ₹4.78 Cr profit booked in Q4 FY26. Standalone tells the same story — a ₹4.80 Cr loss (EPS -₹4.05), materially identical to consolidated, confirming the subsidiaries (ARAPL RaaS, Masterji.AI) contributed little incremental scale this quarter. No exceptional items were recorded in either period, so the swing is entirely operating: total expenses of ₹15.89 Cr consolidated outran total income of ₹11.09 Cr, pushing both operating and net margins into negative territory versus the 9.1% NPM/16.07% OPM posted just one quarter earlier.
Q1 FY-2027 vs prior quarters
Management's own release characterizes this quarter's performance as negative, consistent with the print, though its outlook commentary stays neutral. That directly contradicts the confident, growth-oriented tone from the Q4 FY26 concall, where management flagged $100k/month in incoming RaaS revenue, a ₹60 Cr outright-sales pipeline, and 'radical growth' expectations tied to a new export product slated for Nov/Dec 2026 — none of that shows up in this quarter's numbers, so the print reads as a clear miss against that guidance. We found no formal analyst/street estimates for this micro-cap, so vsStreet is unknown. The revenue trough also sits oddly against a reported ₹127.16 Cr order book as of end-May 2026, suggesting the shortfall may be a project execution/revenue-recognition timing issue rather than a fresh demand problem — something Q2 delivery will need to confirm. Separately, the board approved a ₹21 Cr warrant issue to the promoter (Jul 17–23, 2026), partly converted already and taking paid-up capital to ₹11.85 Cr from ₹11.25 Cr — a capital infusion landing right alongside this weak print that warrants tracking for dilution and use of proceeds.
Management has shifted away from providing specific quantitative revenue and margin guidance for FY27 and FY28, emphasizing a focus on growth momentum and acceleration. However, they anticipate a performance significantly better than previous years. For the Humro (RaaS) business, the company expects $75,000 per month i
— This quarter: missed
W1
Whether Q2 FY27 revenue reverts toward the ₹127.16 Cr order-book run-rate flagged as of May 2026, or the Q1 shortfall repeats.
W2
Progress on Humro (RaaS) monthly revenue ramp — management guided $75k/month incremental atop $25k/month already realized as of the Q4 FY26 call.
W3
Use of the ₹21 Cr promoter warrant proceeds and its effect on finance costs/leverage in the next quarter.
Clear, legible standalone+consolidated tables with unambiguous column headers (30-Jun-26 vs 31-Mar-26 vs 30-Jun-25 vs FY26). No exceptional items in either period or either statement. Standalone PAT (-480.18 lakh) is 0.04 lakh off the PBT-minus-tax check (tax blank/nil) — negligible source rounding; consolidated ties out exactly. Figures converted from Rs. Lakhs to Rs. Crore (divide by 100).