Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI Listing Regulations

Date of Board Meeting / Approval: November 3, 2026 (Meeting duration: 1:00 p.m. to 2:50 p.m.)

Audit Opinion: Unmodified conclusion - Limited Review Report states nothing has come to their attention causing belief that financial statements contain material misstatement

Auditor's Comment: No qualifications or modifications. Review conducted in accordance with SRE 2410, providing moderate assurance.

Key Financial Highlights [Amount in INR Millions]

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹12,635.68 (Q2 FY26: ₹8,787.17, +43.8% YoY)
  • Total Income: ₹12,741.62
  • Profit before Exceptional Items and Tax: ₹632.81
  • Exceptional Items: ₹397.51 [Non-Recurring]
  • Profit before Tax: ₹235.30
  • Tax Expense: ₹99.19
  • Net Profit: ₹136.11 (Q2 FY26: ₹540.56, -74.8% YoY)
  • EPS: ₹0.69 (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹23,409.97 (H1 FY26: ₹16,167.11, +44.8% YoY)
  • Total Income: ₹23,567.47
  • Profit before Exceptional Items and Tax: ₹1,424.37
  • Exceptional Items: ₹417.51 [Non-Recurring]
  • Profit before Tax: ₹1,006.86
  • Tax Expense: ₹298.38
  • Net Profit: ₹708.48 (H1 FY26: ₹947.55, -25.2% YoY)
  • EPS: ₹3.67 (Basic and Diluted)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹18,272.05 (Q2 FY26: ₹11,368.00, +60.7% YoY)
  • Total Income: ₹18,423.36
  • Profit before Exceptional Items and Tax: ₹2,116.19
  • Exceptional Items: ₹547.61 [Non-Recurring]
  • Profit before Tax: ₹1,568.58
  • Tax Expense: ₹390.34
  • Net Profit: ₹1,178.24 (Q2 FY26: ₹1,182.32, -0.3% YoY)
  • EPS: ₹5.98 (Basic), ₹5.95 (Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹32,736.20 (H1 FY26: ₹21,031.28, +55.7% YoY)
  • Total Income: ₹33,024.06
  • Profit before Exceptional Items and Tax: ₹3,885.68
  • Exceptional Items: ₹577.61 [Non-Recurring]
  • Profit before Tax: ₹3,308.07
  • Tax Expense: ₹803.13
  • Net Profit: ₹2,504.94 (H1 FY26: ₹2,144.82, +16.8% YoY)
  • EPS: ₹12.99 (Basic), ₹12.96 (Diluted)

Statement of Assets and Liabilities (Standalone) as at September 30, 2026:

Total Assets: ₹53,285.65 million (Mar 31, 2026: ₹40,221.96 million)

Equity: ₹42,429.20 million (Mar 31, 2026: ₹28,144.59 million)

  • Equity Share Capital: ₹409.10 million (Face value ₹2 each)
  • Other Equity: ₹42,020.10 million

Cash and Cash Equivalents: ₹3,207.55 million (Mar 31, 2026: ₹10,373.68 million)

Bank balances other than cash: ₹7,248.57 million (Mar 31, 2026: ₹9.21 million)

Total Debt:

  • Borrowings (Non-current): ₹35.41 million (Mar 31, 2026: ₹1,009.35 million)
  • Lease Liabilities: ₹2,742.20 million (Non-current ₹835.66 million + Current ₹1,906.54 million)

Segment-wise Performance:

The Company has identified only one reportable operating segment: "Automotive wiring harness & ancillary components business." No segment information disclosure required.

Corporate Actions:

IPO Completion: The company completed its Initial Public Offering on August 17, 2026:

  • Issue of 35,218,047 equity shares of face value ₹2 each at issue price of ₹871 per share
  • Fresh issue: 16,080,445 equity shares aggregating ₹14,000 million
  • Offer for sale: 19,137,602 equity shares aggregating ₹16,668.85 million
  • Employee reservation portion: 75,853 equity shares with discount of ₹80 per share
  • Total offer expenses: ₹1,599.59 million (Company share: ₹730.19 million)

IPO Proceeds Utilization (as of September 30, 2026):

  • Repayment of borrowings: ₹4,648.02 million (100% utilized)
  • Investment in subsidiaries for debt repayment: ₹3,017.73 million (100% utilized)
  • New wiring harness plant: ₹130.71 million utilized (Total allocation: ₹1,500.00 million)
  • Inorganic growth/acquisitions: ₹0 utilized (Total allocation: ₹4,104.06 million)
  • Unutilized proceeds: ₹5,473.34 million (₹3.3 million in Monitoring Account, ₹5,470.00 million in fixed deposits)

Share Capital Changes:

  • Sub-division of equity shares from ₹100 to ₹2 per share (approved Dec 23-24, 2025)
  • Bonus issue in ratio 2:3 (two shares for every three shares held) approved Mar 11-13, 2026

ESOP Grants: During Q2 FY27, granted 1,344,029 employee stock options under DTL - Employee Stock Option Plan 2025

Other Significant Information:

Exceptional Items (Standalone Q2 FY27): ₹397.51 million comprising:

  • Advisory and consultancy services: ₹300.31 million (including services from Bain Capital Advisors)
  • IPO Expenses: ₹97.20 million

Business Acquisition: Dhoot Automotive Systems Private Limited (subsidiary) acquired business of M/s. Multilink through slump sale for ₹4,211.55 million, effective June 10, 2026

Shareholding Change: BC Asia Investments XV Limited acquired 55% equity interest in FY26, reduced to 42.84% post-IPO

Subsidiaries: The consolidated results include 16 entities (subsidiaries and step-down subsidiaries)