Date: August 14, 2026

Consolidated Financial Highlights

Profit and Loss Statement (₹ Million)

| Metric | Q1 FY27 | Q1 FY26 | YoY Growth |

| Revenue from Operations | 25,464.7 | 22,622.1 | 12.6% |

| Gross Profit | 5,093.1 | 4,378.2 | 16.3% |

| EBITDA | 2,932.6 | 2,805.2 | 4.5% |

| EBITDA Margin (%) | 11.5% | 12.4% | |

| Profit before Tax | 1,663.8 | 1,395.2 | 19.2% |

| Profit after Tax | 1,216.7 | 1,116.8 | 8.9% |

| Profit after Tax Margin (%) | 4.8% | 4.9% | |

Manufacturing Segment Performance

  • Manufacturing Revenue: ₹21,979 million in Q1 FY27 (up 20% from ₹18,323 million in Q1 FY26)
  • Manufacturing EBITDA: ₹2,793 million in Q1 FY27 (up 10% from ₹2,536 million in Q1 FY26)
  • Manufacturing EBITDA Margins: 12.7%
  • 71% of manufacturing revenue from powertrain-neutral products

Key Operational Highlights

New Order Wins

  • Secured additional chassis order from a fast-growing 2W & 3W OEM for a high-selling model with annual revenue potential of ₹650+ million. Production expected to start in Q4 FY27 from existing Bangalore facility.
  • Expanding manufacturing in renewable energy sector through new facility for a leading US-based solar tracker manufacturer. The facility will manufacture sheet-metal assemblies supporting approximately 2.5 GW of annual supplies with peak revenue potential of ₹1500+ million.
  • Added 2 new OEMs for braking and suspensions portfolio, expanding customer coverage and content per vehicle.
  • Won significant program from a leading Indian 4W OEM covering 59 unique assemblies for localization of a high-selling EV model. Belrise will provide tooling, fixtures and automation in addition to component manufacturing.

Business Transfer Acquisition

  • Announced acquisition of Hyva India's tipper business in August 2026
  • Adds three manufacturing facilities across Pune, Jamshedpur and Bengaluru
  • Strengthens heavy-fabrication capabilities
  • Provides access to new European Commercial Vehicle OEM
  • Supports Tier-0.5 systems strategy
  • Creates potential synergies with defence and armored vehicle opportunities

Fundraising Activity

  • Successfully raised ₹17,000 million through Qualified Institutional Placement (QIP) during the quarter
  • Strengthens financial position to support growth priorities

Management Commentary

Mr. Shrikant Badve, Managing Director, commented:

  • Q1 FY27 was a strong start to the year with continued growth while broadening the base for next phase of expansion
  • Focus on moving beyond individual components towards larger assemblies and proprietary products
  • Manufacturing revenue grew 20% to ₹21,979 million
  • EBITDA stood at ₹2,933 million with margins at 11.5%
  • ₹17,000 million QIP provides agility to invest in capacity and capabilities and pursue acquisitions
  • Hyva India acquisition adds state-of-the-art manufacturing facilities and expands commercial vehicle capabilities
  • Order wins demonstrate gaining more wallet share with existing customers and adding new OEM relationships
  • Renewable energy order demonstrates sheet-metal and manufacturing capabilities beyond automotive applications
  • Confident in FY27 roadmap with mid-teens revenue growth, broadly stable EBITDA margins and disciplined capex
  • Focus on converting investments into sustainable growth and higher value creation over medium term

Company Background

Belrise Industries Limited is a leading automotive component company providing technology-led solutions based in Pune, India. The company offers safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.

Product portfolio includes:

  • Metal chassis systems
  • Polymer components
  • Suspension systems
  • Body-in-white components
  • Exhaust systems

The company has 27 manufacturing facilities across 10 states in India and 2 countries outside India, with relationships with more than 38 OEMs. The company is diversifying into non-automotive segments like aerospace & defense and renewable energy.