1. Financial Results: The Unaudited Financial Results (standalone and consolidated) for the quarter and half year ended September 30, 2026.

2. Other Business: The Internal Audit Report for the quarter and half year ended September 30, 2026.

The meeting commenced at 02:25 P.M. and concluded at 06:05 P.M.

Detailed Financial Analysis (Standalone)

Income Statement (₹ in millions)

  • Q2 FY27 (Unaudited): Revenue from operations was ₹1,430.89; Other income was ₹56.24; Total Income was ₹1,487.13.
  • Q1 FY27 (Unaudited): Revenue from operations was ₹1,371.42; Other income was ₹46.22; Total Income was ₹1,417.64.
  • Q2 FY26 (Unaudited): Revenue from operations was ₹829.69; Other income was ₹53.66; Total Income was ₹883.35.
  • H1 FY27 (Unaudited): Revenue from operations was ₹2,802.31; Other income was ₹102.46; Total Income was ₹2,904.77.
  • H1 FY26 (Unaudited): Revenue from operations was ₹1,546.45; Other income was ₹104.60; Total Income was ₹1,651.05.
  • FY26 (Audited): Revenue from operations was ₹3,528.88; Other income was ₹222.83; Total Income was ₹3,751.71.

Profitability

  • Q2 FY27 Profit before tax: ₹354.93 million.
  • Q2 FY27 Net profit: ₹264.91 million.
  • Q2 FY27 Earnings Per Share (Basic & Diluted): ₹8.66.
  • H1 FY27 Net profit: ₹517.31 million.
  • H1 FY27 Earnings Per Share (Basic & Diluted): ₹16.91.

Balance Sheet (Standalone) as at September 30, 2026 (₹ in millions)

  • Total Assets: ₹8,085.89 (vs. ₹7,345.30 on Mar 31, 2026).
  • Non-Current Assets: ₹3,113.24 (Includes Property, plant and equipment: ₹2,692.58; Capital work-in-progress: ₹210.60).
  • Current Assets: ₹4,972.65 (Includes Inventories: ₹744.76; Trade Receivables: ₹1,105.06; Cash and Cash Equivalents: ₹415.65; Other Bank Balances: ₹2,557.28).
  • Total Equity: ₹6,867.16 (Equity Share Capital: ₹152.91; Other Equity: ₹6,714.25).
  • Total Liabilities: ₹1,218.73.

Cash Flow (Standalone) for H1 FY27 (₹ in millions)

  • Net cash from operating activities: ₹377.82.
  • Net cash used in investing activities: ₹(272.03).
  • Net cash used in financing activities: ₹(5.33).
  • Net increase in cash: ₹100.46.

Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board. The Statutory Auditors, Kirtane & Pandit LLP, have performed a limited review.

2. The financial results are prepared in accordance with Ind AS and SEBI LODR Regulations.

3. IPO Proceeds Utilization: Details of net IPO proceeds of ₹1,696 million are as follows:

  • Funding capex: ₹1,507.07 million (Utilized: ₹1,090.01 million; Unutilized: ₹417.06 million).
  • General corporate purposes: ₹189.55 million (Utilized: ₹189.54 million; Unutilized: ₹0.01 million).
  • Total Utilized: ₹1,279.55 million; Total Unutilized: ₹417.07 million.
  • The revision in the General Corporate Purpose amount is due to actual offer-related expenditure being lower than estimated by ₹12.28 million.
  • Unutilized proceeds are temporarily invested in deposits with scheduled commercial banks.

4. The Company operates in a single reportable business segment: "Auto Components and Parts".

5. New Subsidiary: Divgi Transmission Technologies and Systems Inc. was incorporated on June 4, 2026, as a wholly-owned subsidiary. The Q2 and H1 FY27 results are the Group's first consolidated results, including this subsidiary. Prior period results are standalone.

Consolidated Financial Highlights

  • Q2 FY27 Consolidated Net profit: ₹264.02 million.
  • Q2 FY27 Consolidated EPS (Basic & Diluted): ₹8.63.
  • H1 FY27 Consolidated Net profit: ₹516.42 million.
  • H1 FY27 Consolidated EPS (Basic & Diluted): ₹16.89.
  • The subsidiary contributed total assets of ₹27.83 million and a net impact on the consolidated results for the period.

The financial results are available on the stock exchange websites and the company's website.