Board Meeting Details

  • Meeting Date: May 27, 2026
  • Time: 03:15 PM to 05:30 PM

Key Board Approvals

1. Audited Financial Results: Approved audited standalone and consolidated financial results for quarter and year ended March 31, 2026

2. Financial Statements: Approved audited standalone and consolidated financial statements for year ended March 31, 2026 with auditor's unmodified opinion

3. Dividend Recommendation: Recommended final dividend of ₹3.10 per equity share for FY 2025-26, subject to shareholder approval at ensuing AGM

4. Dividend Payment: Final dividend to be paid to shareholders on or before September 24, 2026

5. Investment Approval: Approved investment of ₹13,824,425 by subscribing to 1,105,954 equity shares (face value ₹10 each at premium of ₹2.50 per share) in rights issue offered by Jinhap Gabriel Auto India Private Limited, maintaining 51% shareholding

Standalone Financial Performance (Year Ended March 31, 2026)

  • Revenue from Operations: ₹42,329.87 million (FY25: not provided in comparable format)
  • Total Income: ₹42,829.50 million
  • Profit Before Tax: ₹3,219.44 million
  • Tax Expense: ₹787.35 million
  • Net Profit After Tax: ₹2,432.09 million
  • Earnings Per Share: ₹16.93 (basic and diluted)
  • Paid-up Equity Capital: ₹143.64 million (143.64 million shares of ₹1 each)
  • Reserves and Surplus: ₹13,187.50 million

Quarterly Standalone Performance (Q4 FY26)

  • Revenue from Operations: ₹11,107.85 million
  • Total Income: ₹11,211.39 million
  • Profit Before Tax: ₹856.62 million
  • Tax Expense: ₹244.09 million
  • Net Profit After Tax: ₹612.53 million
  • Earnings Per Share: ₹4.26 (basic and diluted)

Consolidated Financial Performance (Year Ended March 31, 2026)

  • Revenue from Operations: ₹46,669.33 million
  • Total Income: ₹46,932.39 million
  • Profit Before Tax: ₹3,361.52 million
  • Tax Expense: ₹839.88 million
  • Net Profit After Tax: ₹2,521.64 million
  • Attributable to Shareholders: ₹2,522.76 million
  • Earnings Per Share: ₹17.55 (basic and diluted)
  • Paid-up Equity Capital: ₹143.64 million
  • Reserves and Surplus: ₹13,544.64 million

Significant Business Developments

Joint Ventures and Agreements

1. Inalfa Roof Systems JV (November 12, 2025): Board approved revised Joint Venture Agreement with Inalfa Roof Systems Group B.V. and Inalfa Gabriel Sunroof Systems Private Limited. Execution subject to approvals from Ministry of Heavy Industries. Upon approval, Inalfa will infuse capital for 35% shareholding, company retains 65%.

2. Marelli Motherson Acquisition (January 24, 2025): Executed Asset Purchase Agreement with Marelli Motherson Auto Suspension Parts Private Limited, Marelli Europe S.p.A., and Samvardhana Motherson International Limited for acquisition of identified assets related to manufacturing of passive shock absorbers, struts and gas dampers for ₹521.39 million. Acquisition completed on April 1, 2025. Purchase Price Allocation resulted in capital reserve of ₹43.20 million due to excess fair valuation of assets acquired.

3. Composite Scheme of Arrangement (June 30, 2025): Approved merger of Anchemco India Private Limited (fellow subsidiary) with Asia Investments Private Limited (immediate holding company) effective April 1, 2025, followed by demerger and transfer of Automotive Undertaking of Asia Investments to company effective April 1, 2026. NCLT Mumbai Bench sanctioned scheme on May 11, 2026. Company making relevant regulatory filings.

4. Jinos Co., Ltd. JV (July 9, 2025): Entered Joint Venture and Share Subscription Agreement with Jinos Co., Ltd. (South Korea) for subscription of equity shares of Jinhap Automotive India Private Limited (now Jinhap Gabriel Auto India Private Limited) for fastener business for automotive and industrial applications.

5. SK Enmove JV (October 7, 2025): Executed Joint Venture Agreement with SK Enmove Co., Ltd. (South Korea) on October 15, 2025 for formation of joint venture company with 51:49 shareholding (SKEN:Company) for engine oils, e-fluids, shock absorber oil, industrial lubricants, greases and e-thermal fluids business.

Regulatory Impact

  • New Labour Codes: Government of India notified four labour codes effective November 21, 2025. Company recognized incremental obligations of ₹133.46 million (standalone) and ₹137.54 million (consolidated) as exceptional item for employee past services under Ind AS 19, based on draft Central Rules and ICAI FAQs.

Asset and Liability Position (Standalone as at March 31, 2026)

  • Total Assets: ₹21,079.30 million (Previous year: ₹17,860.14 million)
  • Property, Plant & Equipment: ₹5,300.90 million
  • Right-of-use Assets: ₹698.53 million
  • Inventories: ₹3,118.22 million
  • Trade Receivables: ₹6,333.64 million
  • Cash & Cash Equivalents: ₹800.99 million
  • Total Equity: ₹13,331.14 million
  • Trade Payables: ₹6,146.38 million (including micro/small enterprises: ₹733.58 million)

Cash Flow Statement (Standalone FY26)

  • Cash from Operating Activities: ₹2,673.80 million
  • Cash from Investing Activities: (₹1,405.26) million
  • Cash from Financing Activities: (₹826.44) million
  • Net Increase in Cash: ₹442.10 million
  • Dividend Paid: ₹696.67 million

Audit Details

  • Auditor: Price Waterhouse Chartered Accountants LLP
  • Audit Opinion: Unmodified opinion on both standalone and consolidated financial results
  • Audit Committee Review: Results reviewed by Audit Committee and approved by Board
  • Accounting Standards: Prepared in accordance with Indian Accounting Standards (Ind AS)

Segment Information

Company operates in single operating segment: "auto components and parts"

Declaration

Company declared that statutory auditors have expressed unmodified opinion on audited financial results for year ended March 31, 2026, pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015.