- Expects the US market to account for significant revenues by this year, riding on a $300 billion warehousing automation sector opportunity
- Sets sights on European markets
- Total order currently stands at Rs. 224 crore
- Posts robust Q3FY25 numbers with 34% increase in revenues
- Turns EBIDTA positive riding on efficiency play
Affordable Robotic and Automation Limited (ARAPL) (BSE: 541402) (NSE: AFFORDABLE) today announced that its subsidiary ARAPL RaaS has commenced delivering autonomous electric vehicles to its warehousing clients in the USA. With an order book of $4 million, ARAPL RaaS is vying for a share in the $300 billion warehousing automation market.
“We are thrilled to have taken the next step”, said Milind Padole, Managing Director, ARAPL. “US is among the top three warehousing automation markets and the most competitive globally. Putting our products on the ground here is a testament to our R&D, system-reliable technology, and ability to deliver quality efficiently. We are the only Indian company in this product space through our dedicated efforts on ARAPL RaaS, our subsidiary. We envision US markets to account for significant revenue by this year”, added Milind.
Pune-headquartered ARAPL is India’s only listed robotics and automation company. It offers diverse solutions for domestic and international markets, including Automotive Project-based Line building, Automated Multilevel Car Parking Systems, and Warehousing Automation Solutions.
The company’s subsidiary, ARAPL RaaS, has pioneered the development of driverless electric forklifts and pallet jacks. It aims to revolutionise automation and expand its reach to international markets.
European foray
The company is consolidating its strategy to foray into the European markets once it marks significant revenues in the US this calendar year. This move emanates from similar clients and market synergies to those in the US. In the coming years, it will establish the company in a rare global club of industrial automation and warehousing robotics players.
Posts robust financial growth in Q3FY25
ARAPL posted a growth of 38% in its consolidated revenues, and 34% on a standalone basis. The company (on a standalone basis) turned EBITDA positive during Q3FY25 and aims to be PAT-positive in the coming quarters.
On a consolidated basis, the strategic investments in talent acquisition and business development for ARAPL RaaS will fructify in due time, further improving revenue growth and margins.
