Financial Performance Highlights

Consolidated Results Q2FY27:

  • Revenue from operations: ₹177.8 crore, up 29.8% YoY (Q2FY26: ₹137.0 crore)
  • Gross Profit: ₹70.8 crore, up 13.4% YoY
  • Gross Profit Margin: 39.8% (Q2FY26: 45.6%)
  • EBITDA: ₹15.7 crore, up 23.0% YoY
  • EBITDA Margin: 8.8% (Q2FY26: 9.3%)
  • Profit After Tax: ₹2.5 crore (Q2FY26: loss of ₹0.05 crore)
  • PAT Margin: 1.4%
  • EPS: ₹1.75

Consolidated Results H1FY27:

  • Revenue from operations: ₹334.2 crore, up 31.8% YoY (H1FY26: ₹253.6 crore)
  • Gross Profit: ₹136.0 crore, up 18.1% YoY
  • Gross Profit Margin: 40.7% (H1FY26: 45.4%)
  • EBITDA: ₹28.1 crore, up 27.4% YoY
  • EBITDA Margin: 8.4% (H1FY26: 8.7%)
  • Profit After Tax: ₹3.3 crore (H1FY26: loss of ₹2.3 crore)
  • PAT Margin: 1.0%
  • EPS: ₹2.4

Standalone Results Q2FY27:

  • Revenue from operations: ₹165.1 crore, up 24.4% YoY
  • EBITDA: ₹14.9 crore, up 11.7% YoY
  • Profit After Tax: ₹3.5 crore, up 78.9% YoY
  • EPS: ₹2.46

Standalone Results H1FY27:

  • Revenue from operations: ₹309.3 crore, up 26.7% YoY
  • EBITDA: ₹27.0 crore, up 16.8% YoY
  • Profit After Tax: ₹5.8 crore, up 269.0% YoY
  • EPS: ₹4.1

Order Wins and Business Development

  • Q2FY27 order wins: ₹298 crore lifetime value
  • H1FY27 cumulative order wins: ₹429 crore lifetime value
  • EV segment order wins: ₹157 crore in H1FY27 (~5.8x increase from ₹27 crore in H1FY26)
  • Q2FY27 EV orders: ₹92 crore
  • Non-EV segment orders: ₹272 crore in H1FY27
  • Customers include Maruti Suzuki, Tata Motors, Toyota, Honda, Renault, Mahindra, SMG, with new orders from JSW and MG

Dividend Declaration

Board of Directors declared an interim dividend of ₹1.50 per equity share.

Balance Sheet Position (Consolidated as of September 2026)

  • Total Assets: ₹738.6 crore
  • Property, Plant and Equipment: ₹291.9 crore
  • Capital work-in-progress: ₹49.5 crore
  • Inventories: ₹115.1 crore
  • Trade receivables: ₹98.3 crore
  • Cash and cash equivalents: ₹3.4 crore
  • Total Equity: ₹343.5 crore
  • Borrowings: ₹216.4 crore (Non-current: ₹42.3 crore, Current: ₹174.1 crore)
  • Trade Payables: ₹92.7 crore

Cash Flow Statement (Consolidated H1FY27)

  • Net Cash from Operating Activities: ₹15.1 crore
  • Net Cash from Investing Activities: -₹15.2 crore
  • Net Cash from Financing Activities: ₹0.9 crore
  • Net increase in cash: ₹0.8 crore

Strategic Priorities

Parts Business: Increase content per vehicle, execute order book, increase exports to USA and GCC countries, onboard new customers

Aftermarket Business: Target 20%+ annual topline growth, increase SKUs, strengthen distribution network, aim for 10% of overall revenue in 2-3 years

Tooling Business: Fulfill order pipeline, enhance capacity to 180 molds, ramp up capacity utilization

Industry Context

Presentation includes industry highlights showing strong growth across automotive segments:

  • Passenger vehicles: 30.7% YoY growth to 13.60 lakh units in Q2FY27
  • Commercial vehicles: 28.7% YoY growth to 3.09 lakh units
  • Two-wheelers: 15.2% YoY growth to 64.3 lakh units
  • Three-wheelers: 23.6% YoY growth to 2.85 lakh units

ESG Overview

Company highlighted ESG achievements including:

  • 20% increase in renewable energy target for FY2026-27
  • RE 100 target by 2028 across operations
  • 15% reduction in emissions intensity target
  • 10% reduction in water consumption target
  • STP installations at multiple plants
  • Published GRI-aligned Sustainability Report and BRSR Report

Historical Financial Data

Presentation includes 5-year historical financial data for both standalone and consolidated entities from FY22 to FY26, showing revenue growth from ₹409.1 crore to ₹536.3 crore (standalone) and profitability trends.