Financial Results Approval

The Board approved the Un-Audited Financial Results (Standalone & Consolidated) for the first quarter ended June 30, 2026 (FY 2026-27) along with the Limited Review Report of the Auditors. The results were reviewed by the Audit Committee and approved by the Board.

Standalone Financial Results (₹ in crores)

  • Revenue from Operations: ₹1,355.72 (Q1 FY27) vs ₹1,234.34 (Q1 FY26)
  • Other Income: ₹4.29 (Q1 FY27) vs ₹8.41 (Q1 FY26)
  • Total Income: ₹1,360.01 (Q1 FY27) vs ₹1,242.75 (Q1 FY26)
  • Profit Before Tax: ₹43.95 (Q1 FY27) vs ₹43.15 (Q1 FY26)
  • Tax Expense: ₹12.11 (Q1 FY27) vs ₹11.05 (Q1 FY26)
  • Net Profit After Tax: ₹31.84 (Q1 FY27) vs ₹32.10 (Q1 FY26)
  • Basic and Diluted EPS: ₹1.35 (Q1 FY27) vs ₹1.36 (Q1 FY26)
  • Paid-up Equity Share Capital: ₹23.65 crore

Consolidated Financial Results (₹ in crores)

  • Revenue from Operations: ₹1,442.45 (Q1 FY27) vs ₹1,253.88 (Q1 FY26)
  • Other Income: ₹31.49 (Q1 FY27) vs ₹40.15 (Q1 FY26)
  • Total Income: ₹1,473.94 (Q1 FY27) vs ₹1,294.03 (Q1 FY26)
  • Profit Before Share of Joint Ventures: ₹67.96 (Q1 FY27) vs ₹69.91 (Q1 FY26)
  • Share of Loss of Joint Ventures: ₹(7.94) (Q1 FY27) vs ₹(19.36) (Q1 FY26)
  • Profit Before Tax: ₹60.02 (Q1 FY27) vs ₹50.55 (Q1 FY26)
  • Tax Expense: ₹15.76 (Q1 FY27) vs ₹11.51 (Q1 FY26)
  • Net Profit After Tax: ₹44.26 (Q1 FY27) vs ₹39.04 (Q1 FY26)
  • Basic and Diluted EPS: ₹1.78 (Q1 FY27) vs ₹1.56 (Q1 FY26)

Segment Reporting (Consolidated)

The company operates through three segments:

1. Component Division: Revenue ₹894.12 crore, Profit ₹69.43 crore (Q1 FY27)

2. Tool Room Division: Revenue ₹89.19 crore, Profit ₹14.79 crore (Q1 FY27)

3. EV Business: Revenue ₹460.04 crore, Profit ₹48.60 crore (Q1 FY27)

The company has renamed its OEM Division as EV Business.

Fundraising Approval

The Board approved issuance of securities under Sections 42, 62 & 71 of Companies Act, 2013 for an amount not exceeding ₹1,500 crore (Rupees One Thousand Five Hundred Crores), subject to shareholder approval at the ensuing Annual General Meeting. The specific type of securities, issuance method, and number of securities will be decided and finalized by Key Managerial Personnel(s).

Management Changes

1. Re-appointment of Mr. Nishant Arya (DIN: 00004954) as Vice Chairman cum Managing Director for a period of 3 years effective from May 18, 2027, subject to shareholder approval. His current tenure concludes on May 17, 2027.

2. Continuation of directorship of Mr. Praveen Kumar Tripathi (DIN: 02167497) as Non-Executive Independent Director upon attaining the age of 75 years on December 14, 2027, subject to shareholder approval. His current tenure is valid until July 10, 2029.

Annual General Meeting

The Board fixed Wednesday, September 16, 2026 at 11:30 A.M. IST as the date for the Annual General Meeting to be held through Video Conferencing/Other Audio-Visual Means.

Environmental Compliance Note

The Ministry of Environment, Forest and Climate Change notified the Environment Protection (End-of-Life Vehicles) Rules, 2025 on January 6, 2025, effective from April 1, 2025. Extended Producer Responsibility (EPR) obligations are imposed on vehicle manufacturers/importers for scrapping of End-of-Life Vehicles. However, the pricing mechanism for EPR certificates and measurement framework for determining financial obligations are not yet available. Consequently, the Company is currently unable to reliably estimate a range of possible outcomes.

Auditor Qualifications

The review report notes that financial results of certain subsidiaries and joint ventures were not reviewed by the principal auditor but were relied upon based on reports from other auditors or unaudited financial results furnished by management.