Financial Performance
Consolidated Results for Quarter Ended 30th June, 2026:
- Total Income: ₹8,610.56 crores (compared to ₹7,804.23 crores in Q1 FY2026, representing 10.3% year-on-year growth)
- Profit Before Tax: ₹649.69 crores (compared to ₹671.83 crores in Q1 FY2026, representing a 3.3% decline)
- Provision for Tax: ₹154.34 crores
- Net Profit: ₹495.35 crores (compared to ₹501.82 crores in Q1 FY2026, representing a 1.3% decline)
Operational Context
The company delivered a resilient operating performance in Q1 FY2027 driven by good demand for its products.
Demand Factors:
- Original Equipment (OE) manufacturer demand was buoyant with strong growth in vehicle sales across segments
- Replacement sales remained healthy with continued robust demand
Cost Challenges:
- Higher input costs impacted profitability during the quarter
- Raw material prices remain firm due to ongoing conflict in the Middle East
- Impact of higher costs on margins is expected to continue
Management Actions:
- Implemented price increases during the quarter
- Implemented cost management measures
- These actions helped partially offset cost increases
Date and Place
Board meeting and press release dated 11th August, 2026 from Chennai.