Financial Performance (Unaudited Consolidated)
Quarterly Comparison (₹ Crore):
- Revenue from Operations: Q1 FY27: ₹34.11 | Q4 FY26: ₹39.25 | Q1 FY26: ₹33.22 | YoY Growth: +2.68%
- EBITDA: Q1 FY27: ₹10.55 | Q4 FY26: ₹10.69 | Q1 FY26: ₹9.61 | YoY Growth: +9.81%
- EBITDA Margin: Q1 FY27: 30.93% | Q4 FY26: 27.24% | Q1 FY26: 28.92% | YoY Change: +201 bps | QoQ Change: +369 bps
- Profit After Tax (PAT): Q1 FY27: ₹7.49 | Q4 FY26: ₹6.84 | Q1 FY26: ₹5.67 | YoY Growth: +32.13% | QoQ Growth: +9.43%
Operational Milestones & Strategic Developments
- IPO Completion: Successfully listed on Main Board of NSE and BSE on September 30, 2026, raising ₹132.62 crore in fresh capital through IPO.
- Capacity Expansion: CapEx program underway to double overall manufacturing capacity using IPO proceeds. Program is reported to be on schedule.
- Defence Sector Entry: Executing a milestone purchase order from a leading domestic private defence OEM, marking strategic entry into India's defence manufacturing sector.
- Geographic Diversification: Expanding distribution footprint by enlisting authorized dealers across South America, Canada, and other strategic international territories to mitigate North American commercial vehicle seasonality and tariff uncertainties.
Management Commentary
Mr. Saurabh Sangla, Chairman & Managing Director, commented on the performance:
- Q1 performance reflects resilience of business model with EBITDA margins expanding to nearly 31% and 32% YoY net profit growth
- Primary operational focus is swift deployment of IPO proceeds to double manufacturing capacity
- Strategic push into Canada and South America combined with defence OEM orders positions company for sustained long-term growth
Additional Information
- This marks the company's inaugural financial disclosure following its listing
- The press release will be uploaded on company's website
- Filed by Garima Shukla, Company Secretary & Compliance Officer