Arrow Greentech's consolidated revenue nearly doubled to ₹87.84 Cr, up 111% YoY (from ₹41.60 Cr) and 110% QoQ (from ₹41.78 Cr), with consolidated PAT of ₹27.43 Cr, up 151% YoY (from ₹10.92 Cr) and 269% QoQ (from ₹7.44 Cr) — basic EPS rose to ₹18.15 from ₹7.21 a year ago. There are no exceptional items in either the current or comparison periods, so the growth is entirely operating; management's own release corroborates the scale, citing revenue up 110% Q-o-Q to ₹878 Mn, EBITDA up 246% to ₹359 Mn at a 41% margin, and PAT up 269% Q-o-Q to ₹274 Mn, all of which reconcile with the filed statement.
The growth was driven almost entirely by the Hightech Products segment (anti-counterfeit films, IPR licensing), whose revenue climbed to ₹81.55 Cr from ₹34.43 Cr a year ago (+137% YoY) and now makes up 93% of segment revenue versus 83% in both the year-ago and immediately preceding quarters. Segment result for Hightech Products rose even faster, to ₹36.54 Cr from ₹13.19 Cr YoY, lifting consolidated NPM to 30.5% (from 25.1% YoY, 16.9% QoQ) and operating margin (segment PBIT/revenue) to ~41.4%, up roughly 1,600 bps QoQ — in line with management's stated 41% EBITDA margin. The Green Products segment (water-soluble and bio-compostable films) moved the other way, with revenue down 12.3% YoY to ₹6.29 Cr and segment result down 36% YoY to ₹1.53 Cr, a drag the Hightech surge more than absorbed. Standalone PAT grew even faster than consolidated (+184% YoY to ₹26.08 Cr on standalone revenue of ₹77.15 Cr, +135% YoY), implying the subsidiaries diluted group-level growth slightly rather than adding to it this quarter.
Neither our records nor a web search turned up formal management guidance or sell-side consensus estimates for this print — Arrow Greentech is a micro-cap (~₹1,065 Cr market cap per Screener.in) with limited analyst coverage, so vsGuidance and vsStreet are both genuinely unknown rather than a miss or beat. Alongside the results, the board approved a dividend (quantum not stated in this filing; book closure September 16-18, 2026), a five-year auditor transition to KNAV & Co LLP from FY27, and the appointment of Dr. Ashish Kumar Tiwari as CEO-Green Segment effective August 14, 2026 — a leadership addition specifically to the segment that lagged this quarter. The quarter also saw three patent grants (dual colour-shift security film on August 12, graphene-based security thread and colour-shift base film on July 1), reinforcing the IP base behind the Hightech segment's outperformance.