Financial Results - Standalone (Quarter ended June 30, 2026)

  • Revenue from operations: ₹4,163 crore (compared to ₹3,521 crore in Q1 FY26, 18% increase YoY)
  • Other income: ₹22 crore
  • Total income: ₹4,185 crore
  • Profit before exceptional items and tax: ₹139 crore
  • Exceptional items: ₹7 crore (related to Voluntary Retirement Scheme compensation)
  • Profit before tax: ₹132 crore
  • Tax expense: ₹34 crore (Current tax: ₹18 crore, Deferred tax: ₹16 crore)
  • Profit for the period: ₹98 crore
  • Earnings per share: Basic ₹24.41, Diluted ₹24.41
  • EBITDA margin: 9.13%
  • Net profit margin: 2.36%
  • Interest service coverage ratio: 3.76 times
  • Debt/equity ratio: 0.60 times
  • Current ratio: 0.65 times
  • Net worth: ₹5,126 crore

Financial Results - Consolidated (Quarter ended June 30, 2026)

  • Revenue from operations: ₹4,318 crore (22% increase YoY from ₹3,529 crore)
  • Other income: ₹6 crore
  • Total income: ₹4,324 crore
  • Profit before share of profit of joint ventures, exceptional items and tax: ₹39 crore
  • Exceptional items: ₹7 crore (VRS compensation)
  • Profit before share of profit of joint ventures and tax: ₹32 crore
  • Tax expense: ₹33 crore
  • Share of profit from joint ventures: ₹5 crore
  • Profit for the period: ₹4 crore
  • Earnings per share: Basic ₹1.07, Diluted ₹1.07
  • EBITDA margin: 8.56%
  • Net profit margin: 0.09%
  • Interest service coverage ratio: 2.37 times
  • Debt/equity ratio: 0.65 times

Statutory Auditors Re-appointment

  • Board approved re-appointment of M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022) as Statutory Auditors
  • Second consecutive term of five years
  • Term to commence from conclusion of 68th AGM (2027) up to conclusion of 73rd AGM (2032)
  • Subject to shareholder approval at 2027 AGM
  • Firm profile: Constituted March 27, 1990, converted to LLP October 14, 2013, over 4000 staff, 170+ Partners, offices across 14 locations

Capital Expenditure Approval

  • Investment required: ₹1,205 crores
  • Capacity addition: 53,000 tyres per day
  • Implementation: Progressive, in phases, expected by end of FY2031
  • Financing: Mix of internal accruals and debt
  • Reason: Nagpur plant nearing full utilization (~95% capacity utilization)
  • Existing capacity: ~80,000 tyres per day (excluding additional capacity under implementation)

Management Commentary

  • Raw material cost inflation due to West Asia crisis significantly impacted margins
  • Company implemented cumulative price increases of 5% to offset impact
  • Expect raw material costs to remain inflated in Q2 FY27
  • Capex investment of ₹300 crores in Q1 largely for capacity enhancement
  • Focus on balancing pricing actions and cost prudence to mitigate margin impact