Date: 7th November, 2026

Financial Performance

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue: ₹1,355 million (up 17% YoY from ₹1,156 million)
  • EBITDA: ₹122 million (down from ₹133 million YoY)
  • Profit Before Tax: ₹63 million (down from ₹82 million YoY)
  • Net Profit After Tax: ₹47 million (up from ₹41 million YoY)
  • EPS Diluted: ₹1.36 (up from ₹1.16 YoY)
  • EBITDA Margin: ~9% (excluding other income)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue: ₹2,552 million (up from ₹2,152 million)
  • EBITDA: ₹227 million (down from ₹239 million)
  • Profit Before Tax: ₹106 million (down from ₹142 million)
  • Net Profit After Tax: ₹76 million (down from ₹77 million)
  • EPS Diluted: ₹2.18 (down from ₹2.21)

All values are consolidated and in ₹ million. EPS is after considering Stock Split. Numbers are rounded off to their nearest digit.

Key Business Highlights

Leadership Changes

  • Appointed Mr. Rahul Desai as new CEO effective 3rd August, 2026
  • Appointed Mrs. Shivani Kejriwal as Additional Whole Time Director effective 16th October, 2026

Joint Venture Exit

  • Board approved exit from joint venture agreement in Aircom Remsons Automotive Private Limited

New Order Wins

  • ₹300 million order from leading global commercial vehicle OEM for supply of Hood Rods, to be executed over six years
  • ₹3,000 million, 7-year order from Stellantis N.V. for supply of control cables
  • ₹120 million order by BEE Lighting Ltd from Global Multinational OEM for design and development of exterior vehicle lighting
  • 10-year pedal box programme nomination for Remsons Automotive Ltd. (UK) by global commercial vehicle OEM, with estimated lifetime value of ~₹1,600 million
  • Production scheduled to commence in Q4 CY2028 for UK pedal box programme

Management Discussion and Commentary

Performance Overview

  • Revenue growth of 17% YoY well above broader auto-components sector
  • PAT attributable to shareholders stood at ₹47 million
  • Growth achieved despite challenging macroeconomic backdrop characterized by raw material inflation and global trade dislocation

Key Growth Drivers

1. New order book activation: Multi-year programmes including ₹3,000mn Stellantis order, ₹600mn Gear Shifter contract, and 10-year international pedal box programme will begin to flow through revenue

2. Product-mix premiumisation: Shift from pure-play cables and gear-shifters into sensors (Remsons-Uni Autonics) & lighting (BEE) has lifted realisation per unit

3. Export tailwind: Benefit from China+1 sourcing rotation among global OEMs, with most net sales additions concentrated in international programmes (UK, Europe, North America)

Strategic Roadmap — FY27 and Beyond

  • FY30 revenue aspiration: ₹9,000–10,000 million (from FY26 base of ₹4,687 million, implying CAGR of 24–29%)
  • Strategic priorities:
  • Stellantis programme ramp-up: Deliveries commence in FY27 as single biggest visible revenue lever for next two years
  • Capex of ₹1,000 million over three years: Targeting plant upgrades in India and UK, with focus on EV-compatible parts, sensors and tyre mobility kits
  • Geographic diversification of manufacturing: India + UK + Brazil (via licensing) reduces single-region risk and provides natural currency hedges
  • Customer diversification: Exposure across Stellantis, Tata Motors, Hero, Maruti, and UK luxury/supercar OEMs via BEE Lighting across PV, CV, EV and two-wheeler segments
  • Selective M&A: Net debt is manageable, giving room to fund one more meaningful acquisition

Chairman & Managing Director Statement

Krishna Kejriwal commented on Q2FY27 performance:

  • Revenue grew 17% year-on-year to ₹1,355 million
  • EBITDA stood at ₹122 million with margins at 9%
  • Net PAT came in at ₹47 million
  • Quarter reflects continued momentum in core business and sustained demand across product portfolio
  • Acknowledged contributions of former Whole Time Director Mr. Rahul Kejriwal
  • Reaffirmed FY30 revenue aspiration of ₹900–1,000 crore (₹9,000–10,000 million)
  • Strategic priorities remain unchanged: deepening core business, moving further up value chain, and expanding product portfolio

Company Background

Remsons Industries Ltd. is an automotive OEM components manufacturer with over 50 years of experience, supplying to:

  • Two, three and four-wheeler vehicles
  • Commercial vehicles and off-highway vehicles
  • Operations across India and global automotive OEMs

Headquarters: Mumbai

Manufacturing Facilities:

  • India: Gurgaon, Pune, Pardi, Daman
  • UK: Stourport, Redditch

Product Portfolio: Control Cables, Gear Shifters, Pedal Boxes, Winches, Jacks, Sensors, Automotive Lights, Tyre Mobility Kits

Recognitions: Great Place to Work® Certified™ four times in a row; India's Top 30 Great Mid-Size Workplaces; Best Workplaces in Auto and Auto Components; Top 25 Workplaces in Manufacturing; Top 25 in Building a Culture of Innovation