Board Meeting Details

The Board of Directors meeting was held on Thursday, November 12, 2026, starting at 2:30 PM IST and concluding at 5:00 PM IST.

Key Decisions Approved

1. Financial Results Approval

The Board approved the un-audited financial results for the quarter and half year ended September 30, 2026. The limited review report was issued by M/s. S R Batliboi & Associates LLP, Statutory Auditors of the Company.

2. Chief Financial Officer Appointment

The Board approved the appointment of Mr. Raman K as Chief Financial Officer & Key Managerial Personnel with effect from November 12, 2026, replacing his interim designation held since February 4, 2026.

Financial Results Summary (Amount in ₹ Millions)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹6,625.55 (vs ₹4,617.60 in Q2 FY26) - 43.5% increase
  • Other income: ₹84.01 (vs ₹88.71 in Q2 FY26)
  • Total income: ₹6,709.56 (vs ₹4,706.31 in Q2 FY26)
  • Profit before tax: ₹807.10 (vs ₹481.23 in Q2 FY26) - 67.7% increase
  • Total tax expense: ₹205.75 (vs ₹121.69 in Q2 FY26)
  • Profit for the period: ₹601.35 (vs ₹359.54 in Q2 FY26) - 67.3% increase
  • Basic/Diluted EPS: ₹39.79 (vs ₹23.79 in Q2 FY26)

Half-Year Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹11,793.76 (vs ₹9,511.36 in H1 FY26)
  • Other income: ₹187.47 (vs ₹180.37 in H1 FY26)
  • Total income: ₹11,981.23 (vs ₹9,691.73 in H1 FY26)
  • Profit before tax: ₹1,419.90 (vs ₹962.58 in H1 FY26)
  • Total tax expense: ₹362.59 (vs ₹245.83 in H1 FY26)
  • Profit for the period: ₹1,057.31 (vs ₹716.75 in H1 FY26)
  • Basic/Diluted EPS: ₹69.96 (vs ₹47.43 in H1 FY26)

Balance Sheet Highlights (as of September 30, 2026)

  • Total assets: ₹15,691.02 million (vs ₹15,203.33 million as of March 31, 2026)
  • Equity share capital: ₹151.12 million (unchanged)
  • Other equity: ₹11,412.00 million (vs ₹10,836.58 million as of March 31, 2026)
  • Inventories: ₹2,625.84 million (vs ₹2,143.11 million as of March 31, 2026)
  • Trade receivables: ₹4,401.12 million (vs ₹4,921.70 million as of March 31, 2026)

Cash Flow Statement (H1 FY27)

  • Net cash from operating activities: ₹860.64 million
  • Net cash used in investing activities: ₹437.49 million
  • Net cash used in financing activities: ₹496.84 million
  • Net decrease in cash: ₹73.69 million
  • Cash and cash equivalents at end: ₹308.17 million

Management Appointment Details

Chief Financial Officer Appointment

  • Name: Mr. Raman K
  • Date of appointment: November 12, 2026
  • Previous role: Interim Chief Financial Officer since February 4, 2026
  • Qualifications: Chartered Accountant with over 15 years of experience
  • Experience: Previously held leadership roles at Cyient, Royal Enfield, and Sundaram Clayton Limited
  • Education: Alumnus of IIM Bangalore
  • Current additional role: Co-Convener of the CII Finance and Tax Panel, Mysuru Chapter

Additional Information

  • The company operates as a single reportable segment - manufacturer of Automotive Components
  • No subsidiary/associate/joint venture companies as of September 30, 2026
  • Exceptional item of ₹119.87 million recognized in FY26 due to impact of Labour Codes implementation
  • The information is available on company website: www.autoaxle.com