Date: November 12, 2026
Financial Results (Standalone & Consolidated)
Automotive Segment Financials (Q2 FY27)
- Revenue from Operations: ₹420 crore
- Gross Margin: ₹125 crore
- Gross Margin (% of Revenue): 29.8%
- Operating Expenses: ₹269 crore
- Operating EBITDA: (₹120) crore
- Operating EBITDA Margin: -28.6%
- EBITDA: (₹92) crore
- EBITDA Margin: -20.5%
Consolidated Financials (Q2 FY27)
- Revenue from Operations: ₹421 crore
- Gross Margin: ₹126 crore
- Gross Margin (% of Revenue): 29.9%
- Operating Expenses: ₹369 crore
- Operating EBITDA: (₹218) crore
- Operating EBITDA Margin: -58.5%
- EBITDA: (₹188) crore
- EBITDA Margin: -41.7%
- PAT: (₹362) crore
Operational Metrics
- Deliveries Q2 FY27: 34,667 units
- Deliveries Q2 FY26: 52,666 units (34% year-over-year decline)
- Deliveries Q1 FY27: 39,192 units
Historical Performance Trends
Deliveries Trend:
- FY22: 20,957 units
- FY23: 156,089 units
- Q2 FY26: 52,666 units
- Q1 FY27: 39,192 units
- Q2 FY27: 34,667 units
Automotive Revenue Trend:
- FY22: ₹373 crore
- FY23: ₹2,631 crore
- Q2 FY26: ₹688 crore
- Q1 FY27: ₹455 crore
- Q2 FY27: ₹420 crore
Cell Segment Financials
- Revenue from Operations: Not meaningfully disclosed (symbols indicate minimal/no revenue)
- Gross Margin: Not meaningfully disclosed
- Operating Expenses: ₹40 crore in Q2 FY27
- Operating EBITDA: (₹32) crore in Q2 FY27
- EBITDA: (₹30) crore in Q2 FY27
Notes on Financial Metrics
- Revenue from Operations = Same as statutory financials
- Gross Margin = Revenue from Operations - Cost of Goods Sold
- Operating EBITDA = Gross Margin - Operating Expenses
- Operating Expenses = Employee Benefits Expense + Other expenses
- EBITDA = Gross Margin - Operating Expenses + Other Income
Other Operational / Legal / Strategic Disclosures
The document constitutes a regulatory filing of Key Performance Indicator data for Q2 FY27 ended September 30, 2026, submitted to both BSE and NSE as required by listing regulations.