Company Disclosures: Earnings & Results

Financial Performance Highlights (Consolidated)

Q2 FY27 Performance (YoY Comparison):

  • Total Revenue: ₹1,242.3 Crore (vs. ₹923.4 Crore in Q2 FY26) - 34.5% increase
  • Income from Operations: ₹1,237.1 Crore (vs. ₹919.3 Crore in Q2 FY26) - 34.6% increase
  • Other Income: ₹5.1 Crore (vs. ₹4.1 Crore in Q2 FY26) - 25.2% increase
  • EBITDA: ₹114.1 Crore (vs. ₹82.9 Crore in Q2 FY26) - 37.7% increase
  • EBITDA Margin: 9.2% (vs. 9.0% in Q2 FY26) - 21 bps improvement
  • PBT before Exceptional Items: ₹49.1 Crore (vs. ₹31.3 Crore in Q2 FY26) - 57.0% increase
  • Exceptional Item: ₹339.7 Crore gain (vs. ₹-1.6 Crore loss in Q2 FY26)
  • PBT: ₹388.7 Crore (vs. ₹29.7 Crore in Q2 FY26) - 1209.7% increase
  • Tax Expense: ₹62.1 Crore (vs. ₹8.2 Crore in Q2 FY26) - 655.9% increase
  • PAT: ₹326.7 Crore (vs. ₹21.5 Crore in Q2 FY26) - 1421.5% increase

H1 FY27 Performance (YoY Comparison):

  • Total Revenue: ₹2,292.9 Crore (vs. ₹1,807.8 Crore in H1 FY26) - 26.8% increase
  • Income from Operations: ₹2,278.8 Crore (vs. ₹1,799.9 Crore in H1 FY26) - 26.6% increase
  • Other Income: ₹14.1 Crore (vs. ₹7.9 Crore in H1 FY26) - 78.8% increase
  • PBT before Exceptional Items: ₹90.1 Crore (vs. ₹57.1 Crore in H1 FY26) - 57.9% increase
  • Exceptional Item: ₹339.7 Crore gain (vs. ₹-2.6 Crore loss in H1 FY26)
  • PBT: ₹429.8 Crore (vs. ₹54.5 Crore in H1 FY26) - 689.1% increase
  • Tax Expense: ₹73.0 Crore (vs. ₹14.5 Crore in H1 FY26) - 404.7% increase
  • PAT: ₹356.8 Crore (vs. ₹40.0 Crore in H1 FY26) - 791.9% increase

Expense Breakdown (Q2 FY27 Consolidated)

  • Cost of Material Consumed: ₹723.7 Crore (40.6% increase YoY)
  • Purchase of stock-in-trade: ₹45.7 Crore (22.8% decrease YoY)
  • Changes in inventories: ₹-20.0 Crore (44.3% improvement YoY)
  • Employee Benefit Expense: ₹155.2 Crore (22.8% increase YoY)
  • Finance Cost: ₹20.5 Crore (36.0% increase YoY)
  • Depreciation & Amortization: ₹44.5 Crore (21.9% increase YoY)
  • Other Expenditure: ₹223.6 Crore (26.9% increase YoY)

Revenue Segmentation (Q2 FY27)

  • Sales to Domestic OE customers: 31% growth due to higher offtake across vehicle segments
  • Sales to International customers: 57% growth supported by strong offtake of steering products
  • Sales to Indian Aftermarket customers: 11% growth

Exceptional Item Details

The PAT includes a one-time gain of ₹292.1 Crore, net of tax, from the sale of Velachery land.

Business Developments

  • The acquisition of the Friction Business was completed and consolidated results include this business with effect from August 20, 2026
  • Company added ₹614 Crores in new order Lifetime Value (LTV) in Q2 FY27
  • Company incurred capex of ₹74.8 Crores in Q2 FY27, with majority directed towards steering and linkages and brake components divisions
  • H1 FY27 capital expenditure is approximately ₹50 crores higher compared to H1 FY26

Balance Sheet Position (Consolidated as at 30.09.2026)

  • Total Assets: ₹3,344.3 Crore (vs. ₹2,521.0 Crore as at 31.03.2026)
  • Non-current assets: ₹1,556.8 Crore (including Property, Plant and Equipment: ₹644.5 Crore)
  • Current assets: ₹1,787.5 Crore (including Inventories: ₹569.0 Crore, Trade receivables: ₹957.1 Crore, Cash and cash equivalents: ₹15.1 Crore)
  • Shareholders Fund: ₹1,063.9 Crore
  • Non-current liabilities: ₹466.6 Crore (including Long-term borrowings: ₹270.9 Crore)
  • Current liabilities: ₹1,813.7 Crore (including Short-term borrowings: ₹754.6 Crore, Trade payables: ₹674.3 Crore)

Forward-looking Statements

The document contains standard forward-looking statement disclaimer noting that certain statements are subject to risks and uncertainties including government actions, local, political or economic developments, and technological risks.