Fiem Industries Q4 FY26 PAT Rises 22% to ₹70.59 Crore

Net Sales: ₹744.35 crores, up 17.44% from ₹633.8 crores in Q4 FY25
EBITDA: ₹109.18 crores with EBITDA margin of 14.67%, compared to ₹83.81 crores (13.22% margin) in Q4 FY25
PAT: ₹70.59 crores, increased by 22.36% from ₹57.69 crores in Q4 FY25

Net Sales: ₹2,790.65 crores, up 16.04% from ₹2,404.96 crores in FY25
EBITDA: ₹393.34 crores with EBITDA margin of 14.09%, compared to ₹320.73 crores (13.34% margin) in FY25
PAT: ₹253.87 crores, increased by 24.36% from ₹204.14 crores in FY25
LED Penetration: 63% of automotive lighting revenue (up from 60% in previous years)
Capex: ₹108.31 crores during the year
Cash Balance: ₹276 crores as of date

The Board recommended a final dividend of 400% (₹40 per share) amounting to ₹105.28 crores.

TVS: Remain trusted partner across major platforms including iQube, Jupiter, Moped, and motorcycles
Honda: Relationship expanding including Activa EV platform and several new models under development
Royal Enfield: Support key models like Classic and participating in emerging EV initiatives
Suzuki and Yamaha: Recorded healthy growth during the year
Hero: Achieved milestone with approval for new upcoming EV platform

Expected to start fulfilling key orders for Mahindra & Mahindra starting FY27
Current 4-wheeler business guidance: ₹100-150 crores for FY27, expected to grow to ₹200-250 crores for FY28
Working with Mahindra, Force Motors, and Tata Motors; exploring opportunities with Maruti
70% of approximately ₹700 crores RFQs converted into business under development

Most new business wins are in LED lighting, reinforcing industry's technology transition
LED product prices are 3-4x conventional halogen lighting
Working on ambient lighting and new age lighting products including fog lamps
Installed advanced EMI/EMC validation facility to reduce development time
R&D expenditure around 2% of revenue

Commenced rollout of rooftop solar and open access renewable energy across plants
At Hosur facility: 65% energy needs met through solar power, with additional 20% being added through wind energy
Plan to roll out renewable energy model across all plants to reduce energy costs and advance carbon-neutral goals

Mr. Vineet Sahni stepped down as CEO to pursue other opportunities after 3-year service
Leadership responsibilities assumed by Managing Director Mr. Rahul Jain with focus on expanding 4-wheeler business
Ms. Aanchal Jain appointed as Joint Managing Director, working with existing JMD Mr. Rajesh Sharma

Capacity Utilization: Currently at 75%
Capex Plan: ₹200 crores over next 2 years to support growth initiatives
Receivables Increase: Due to discontinuation of bill discounting with major customers (particularly TVS) due to strong cash flows, no change in payment terms

Revenue Growth: Target 15-20% annual growth, outperforming industry
EBITDA Margins: Maintain guidance of 14%+ margins
Industry Outlook: Remain optimistic despite potential moderation due to El Nino or weaker monsoon
LED Penetration: Expected to progressively increase from current 63% level

Margin Sustainability: Commodity inflation and INR depreciation impacts are pass-through to customers with quarter lag
Insurance Costs: May see upward pressure after Tapukara fire insurance claim, to be negotiated at renewal
Product Mix: Rearview mirrors and plastic molded parts growing slower than lighting business as focus remains on automotive lighting
Export Development: Working with Mercedes on testing and validation project, awaiting final RFQs after testing completion
Yamaha Growth: Multiple models in development for domestic and global markets (Europe, Brazil), expecting better growth