Date: August 14, 2026

Financial Results (Consolidated)

Rs. In Crore

| Particulars | Q1FY27 | Q1FY26 | YoY% |

| Total Revenue | 266.52 | 153.16 | 74.0% |

| EBITDA | 19.17 | 13.58 | 41.16% |

| EBITDA Margins % | 7.22% | 8.94% | |

| PBT Before Exceptional items | 1.88 | 0.25 | |

| PBT After Exceptional items | 1.88 | 6.53 | |

| PAT | 1.88 | 0.51 | 268.63% |

| PAT Margin % | 0.71% | 0.33% | |

| Diluted EPS | 0.41 | 0.12 | |

Management Commentary

Mr. Shivaji Akhade, Founder & Managing Director commented on the performance:

  • Revenue for Q1 FY27 grew by 74.67% year-on-year to ₹265.47 Cr (slight variance from table figure) compared to ₹151.98 Cr in Q1 FY26
  • Growth driven by higher volumes across core component sales, ramp-up in key customer programmes, and improved scale of operations
  • EBITDA growth of 41.16% supported by higher operating scale, improved plant productivity, operational efficiencies, and focus on programme-level contribution and material recovery
  • PAT increased significantly to ₹1.88 Cr with PAT margin at 0.71%
  • Company progressing automation across primary high-volume manufacturing lines to optimize manufacturing costs and improve productivity
  • Working capital and finance-cost discipline remain key priorities with emphasis on receivable collections, inventory ageing, and disciplined utilization of working-capital facilities
  • Maintaining closer linkage between capital deployment, capacity utilization, contribution and payback

Guidance

  • Targeting ~30% - 40% CAGR growth in revenues for FY27
  • Expect Q2 FY27 revenue to remain broadly in line with Q1 levels
  • Focus will be on improving margins and cash generation
  • Continue to drive customer-programme volumes, enhance material recovery, optimize operating costs, and strengthen working-capital and debt discipline

Company Overview

  • Established in 1996, automotive component manufacturer based in Pune, Maharashtra
  • Manufactures sheet metal stamping parts, BIW & welded assemblies and moulds for automotive industry
  • Operates manufacturing facilities in Maharashtra, Uttarakhand, Karnataka, Tamil Nadu, and Gujarat
  • Production capacity: 1,75,000 MTPA
  • 3,000+ product SKUs including exhaust systems, tubular structures, door panels, cabin panels, foot control modules, parking brakes, and hinges
  • Diversifying into non-automotive sectors: solar energy, e-mobility, railways, and construction equipment
  • Key clients include Tata, Mahindra, Ashok Leyland, Daimler, and Volkswagen

Key Strengths

  • Comprehensive manufacturing capability (components from 1 gm to 400 kg)
  • Design & engineering expertise with end-to-end solutions
  • Automation & Industry 4.0 implementation with IoT, AI, and robotics
  • Strong client relationships with major OEMs
  • Robust R&D & innovation focused on EVs and solar energy

Growth Drivers

  • Capacity utilization & enhancement to improve productivity and margins
  • New customer & model additions in EV and premium platforms
  • Diversification into solar, railways, and construction equipment
  • Export focus on Europe and Middle East markets with value-added products
  • GST cut from 28% to 18% and repo rate cuts expected to boost demand