Financial Performance Highlights (Standalone)

Q2 FY27 Performance (₹ in millions)

  • Revenue from Operations: ₹27,463.8 (vs ₹23,535.4 in Q2 FY26, +16.7% YoY)
  • Gross Profit: ₹5,582.6 (vs ₹4,534.7 in Q2 FY26, +23.1% YoY)
  • EBITDA: ₹3,306.2 (vs ₹2,961.9 in Q2 FY26, +11.6% YoY)
  • EBITDA Margin: 12.0% (vs 12.6% in Q2 FY26)
  • Profit before Tax: ₹2,207.5 (vs ₹1,806.7 in Q2 FY26, +22.2% YoY)
  • Adjusted Profit after Tax: ₹1,662.5 (vs ₹1,329.8 in Q2 FY26, +25.0% YoY)
  • Adjusted PAT Margin: 6.1% (vs 5.7% in Q2 FY26)

H1 FY27 Performance (₹ in millions)

  • Revenue from Operations: ₹52,928.5 (vs ₹46,157.5 in H1 FY26, +14.7% YoY)
  • Gross Profit: ₹10,675.7 (vs ₹8,912.9 in H1 FY26, +19.8% YoY)
  • EBITDA: ₹6,238.7 (vs ₹5,767.1 in H1 FY26, +8.2% YoY)
  • EBITDA Margin: 11.8% (vs 12.5% in H1 FY26)
  • Profit before Tax: ₹3,871.2 (vs ₹3,201.9 in H1 FY26, +20.9% YoY)
  • Adjusted Profit after Tax: ₹2,879.2 (vs ₹2,446.6 in H1 FY26, +17.7% YoY)
  • Adjusted PAT Margin: 5.4% (vs 5.3% in H1 FY26)

Adjusted PAT excludes exceptional items

Manufacturing Business Performance

Q2 FY27 Manufacturing Highlights

  • Manufacturing Revenue: ₹23,441 million (vs ₹18,601 million in Q2 FY26, +26% YoY)
  • Manufacturing EBITDA: ₹3,170 million (vs ₹2,663 million in Q2 FY26, +19% YoY)
  • Manufacturing EBITDA Margins: 13.5%
  • 71% of manufacturing revenue from powertrain-neutral products

H1 FY27 Manufacturing Highlights

  • Manufacturing Revenue: ₹45,420 million (vs ₹36,923 million in H1 FY26, +23% YoY)
  • Manufacturing EBITDA: ₹5,963 million (vs ₹5,199 million in H1 FY26, +15% YoY)
  • Manufacturing EBITDA Margins: 13.1%
  • 71% of manufacturing revenue from powertrain-neutral products

Key Operational Highlights for Q2 FY27

Diversification Beyond Automotive

  • Electronics Manufacturing Entry: Secured maiden Letter of Intent (LoI) for supply of CNC fixtures from an ecosystem partner of one of the largest American smartphone companies. Discussions underway for other categories including Main Logic Board (MLB) fixtures and Final Assembly, Testing and Packaging (FATP) fixtures.
  • Aerospace Order: Chester Hall (UK), UK-based subsidiary, secured first incremental order since acquisition - additional order for track beams on a legacy program for one of the largest aircraft platforms of the world's leading aircraft OEM. Order includes improved commercial terms with price increases.

Technology Partnership

  • Subsequent to the quarter, entered into License and Technical Assistance Agreement with Yamato Co., Ltd., Japan granting Belrise exclusive rights to manufacture and sell air filters, oil filters and resin air intake manifolds in India for automotive and industrial OEMs.

New Order Wins

  • Commercial Vehicles: Won program from one of India's leading CV OEMs to supply complete chassis frame assemblies across its HCV platforms from new facility at Dharwad. Expected ramp up from Q1 FY28. Incremental content per vehicle: ₹60,000–1 lakh. Peak annual revenue potential: ₹1,500–2,000 million.
  • Three-Wheeler Manufacturing: Selected as second source for complete body and chassis assemblies for one of the highest-selling models of one of India's largest 2W & 3W OEMs. Production from new facility at Chhatrapati Sambhajinagar expected from Q1 FY28. Incremental content per vehicle: ~₹9,000. Peak annual revenue potential: ₹1,000–1,200 million.
  • Suspension Portfolio Expansion: Onboarded 6th OEM customer (one of the largest premium 2W manufacturers in South India) with supplies commenced in Q3 FY27. Secured additional orders from a fast-growing 2W & 3W OEM with production expected from Q4 FY27.

Management Commentary

Mr. Shrikant Badve, Managing Director, commented on Q2 & H1 FY27 performance highlighting strong execution supported by healthy demand environment. Emphasized diversification into new industries including electronics manufacturing and aerospace. Expressed confidence in diversifying business beyond automotive, increasing partnerships with global OEMs, and growing order book while maintaining healthy balance sheet.

Company Overview

Belrise Industries Limited is a leading automotive component company based in Pune, India offering technology-led solutions including metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems. Company has 27 manufacturing facilities across 10 states in India and 2 countries outside India, serving over 38 OEMs. Specializes in precision sheet metal pressing and fabrication with 24% market share in two-wheelers metal fabrication.