Synopsis:
Aaron Industries Limited, an Elevator Stock, reports 21.60% YoY revenue growth and a 32.38% QoQ net profit surge in Q2 FY26 results.
This Micro-cap Stock, engaged in the manufacture and supply of elevator cabins, auto doors, stainless steel decorative sheets, and related components for the vertical transportation and infrastructure industry across India, jumped 3 percent after the company reported September quarterly results.
With a market capitalization of Rs. 426.97 crores, the share of Aaron Industries Limited has reached an intraday high of Rs. 204.40 per equity share, rising nearly 3.05 percent from its previous day’s close price of Rs. 198.34. Since then, the stock has retreated and is currently trading at Rs. 203.84 per equity share.
Q2 FY26 Result Walkthrough
Coming into the quarterly results of Aaron Industries Limited, the company’s consolidated revenue from operations increased by 21.60 percent YOY, from Rs. 18.29 crore in Q2 FY25 to Rs. 22.24 crore in Q2 FY26, and grew by 15.59 percent QoQ from Rs. 19.24 crore in Q1 FY26. Aaron Industries Limited generated 78.79 percent of its revenue from the Elevator Division and 21.21 percent from the Steel Polishing Division in Q2 FY26.
In Q2 FY26, Aaron Industries Limited’s consolidated net profit decreased by 23.63 percent YOY, reaching Rs. 1.39 crore compared to Rs. 1.82 crore during the same period last year. As compared to Q1 FY26, the net profit has increased by 32.38 percent, from Rs. 1.05 crore.
The basic earnings per share increased by 31.37 percent and stood at Rs. 0.67 as against Rs. 0.51 recorded in the previous quarter in the financial year 2026. Aaron Industries Limited’s revenue and net profit have grown at a CAGR of 29.5 percent and 43.8 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 18.6 percent and 21 percent, respectively. Aaron Industries Limited has an earnings per share (EPS) of Rs. 3.56, and its debt-to-equity ratio is 0.74x.
Bonus Issue
During the quarter ended September 30, 2025, Aaron Industries Limited’s board issued bonus shares at a ratio of 1:1, meaning that shareholders received one new fully paid-up equity share of Rs. 10 each for every one existing fully paid-up equity share they hold.
For example, if a shareholder owns 100 shares of Univastu India Limited, they will receive 100 bonus shares, bringing their total holding to 200 shares after the 1:1 bonus issue.
Company Overview
Aaron Industries Limited was established in 2013 and is headquartered in Surat, India. The company is a leading manufacturer specializing in components for elevators and vertical transportation.
Aaron Industries is primarily engaged in the manufacture and supply of elevator cabins, auto doors, stainless steel decorative sheets, and ancillary products. Their offerings include customized elevator cab interiors and metal fabrication designed to enhance elevator aesthetics and functionality.
Written By – Nikhil Naik
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