Aris (formerly Arisinfra) delivered a strong Q3 FY26: revenue rose 50% to INR270 Cr, EBITDA surged 2.3x to INR30 Cr, and PAT jumped 9x to INR18.27 Cr. Gross margins improved to 17.4%, and working capital days significantly reduced to 74 from 116. The shift towards higher-margin contract manufacturing (48% of revenue) and services (9%) is driving structural profitability and capital efficiency. The company is on track for 40% YoY FY26 growth, with good demand visibility for upcoming quarters and new ventures like Asphalt aiming for INR80-100 Cr revenue. Management is confident in continued disciplined growth and margin expansion.