Financial Performance Highlights

Quarterly Results (Q1FY27):

  • Revenue from Operations: ₹10,213 million (highest-ever quarterly revenue)
  • YoY Growth: 33.3% (from ₹7,663 million in Q1FY26)
  • Gross Profit: ₹4,339 million (34% YoY growth)
  • Gross Profit Margin: 42.5% (vs 42.1% in Q1FY26)
  • EBITDA: ₹1,961 million (48% YoY growth)
  • EBITDA Margin: 19.2% (vs 17.2% in Q1FY26)
  • EBIT: ₹1,476 million (53% YoY growth)
  • EBIT Margin: 14.4% (vs 12.6% in Q1FY26)
  • Profit Before Tax: ₹1,187 million (38% YoY growth)
  • Profit After Tax: ₹874 million (39% YoY growth)
  • PAT Margin: 8.6% (vs 8.2% in Q1FY26)
  • Basic EPS: ₹13.89 (vs ₹10.01 in Q1FY26)
  • Diluted EPS: ₹13.83 (vs ₹9.98 in Q1FY26)

Exceptional Items:

  • ₹169 million recognized during Q1FY27 towards settlement of litigation matter before U.S. District Court
  • Matter disclosed in Company's 2021 prospectus, settled without admission of liability
  • Settlement amount expected to be substantially covered by insurance

Segment-wise Performance

Geographical Mix (Q1FY27):

  • India: 60.1% of sales (17.4% YoY growth)
  • International: 39.9% of sales (71.4% YoY growth)
  • Europe: 19.6% (32.1% YoY growth; 48.8% excluding Sweden)
  • USA: 12.7% (nearly doubled YoY)
  • Other Foreign Countries: 7.6% (more than 3x YoY growth)
  • Sweden Operations: 7.4% (11.6% YoY growth)
  • Exports from India: 32.5%

Business Segment Mix (Q1FY27):

  • Auto ICE: 65.4% of sales (20.8% YoY growth)
  • Passenger Vehicles: 38.2% YoY growth
  • Commercial Vehicles: 18.5% YoY growth
  • 2W: 14.6% YoY growth
  • Auto-Tech Agnostic & xEV: 13.7% of sales (22.2% YoY growth, highest-ever quarterly sales)
  • xEV business growing at nearly twice pace of tech-agnostic business
  • Non-Auto: 20.8% of sales (129.9% YoY growth, highest-ever quarterly sales)
  • ADS business: 14.2% of total sales (more than 3x YoY growth)
  • Off-Road: 3.4% of total sales (50.1% YoY growth)
  • Agriculture: 1.6% of total sales
  • Others: 1.6% of total sales

Order Book Position

As of June 30, 2026:

  • Order book across businesses (excluding ADS): ₹18,493 million
  • Represents peak annual revenues for new business based on LOIs/POs for production starting beyond April 1, 2026
  • Expected to reach peak annual revenue in next 3 years
  • Unexecuted order backlog for ADS business: ₹44,368 million

Management Commentary

Mr. B R Preetham, Executive Director & CEO, stated:

  • Strong start to FY27 with highest-ever quarterly revenue crossing ₹10,000 million mark
  • Double-digit growth across segments despite geopolitical challenges and cost inflation
  • Non-Auto segment achieved desired product mix level of 20.8% as per long-term vision
  • Auto-Tech Agnostic and xEV business delivered highest-ever quarterly sales
  • Expects FY27 to end with high-teens topline growth with continued focus on improving margin profile
  • Backed by engineering expertise, execution capabilities, healthy order book, and diversified business segment

Strategic Initiatives and Capacity Expansion

Capacity Expansion Projects:

  • Pantnagar (Plant 6) Expansion: Addition of forging capacity primarily for 2W
  • Manesar Plant (Plant 4): Addition of 80k sq. ft. manufacturing capacity and machinery for PV and 2W segments
  • Bengaluru (Plant 2): Addition of machined capacity with focus on Auto Tech-agnostic & xEV
  • ADS Segment:
  • New Hangar: 80k sq. ft. expansion within existing campus
  • New Defence Plant: 45k sq. ft. facility focused on Defence business
  • Surface Coating Facility: New brownfield facility adjacent to ADS plant in Bengaluru

Joint Venture with Nichidai Corporation:

  • 60:40 JV established as Nichidai Sansera Private Limited
  • Sansera investment: ₹500 million in one or more tranches
  • Board composition: 3 directors nominated by Nichidai, 4 directors by Sansera
  • Business: Manufacturing precision forged and machined parts in aluminium and steel for differential assemblies, compressors, driveline and other advanced automotive components
  • Strategic rationale: Diversify product portfolio, access new customer segments and international markets

Management Changes

  • Appointment of Mr. Hari Krishnan (DIN: 01566551) as Additional Director, designated as Executive Director & CEO - Aerospace, Defence & Semiconductor (ADS) division
  • Effective from August 12, 2026 till August 11, 2031 (5-year term)
  • Subject to shareholder approval in ensuing AGM

Historical Financial Performance

FY26 Annual Performance:

  • Revenue from Operations: ₹34,979 million
  • Gross Profit: ₹14,460 million (41.3% margin)
  • EBITDA: ₹6,319 million (18.1% margin)
  • EBIT: ₹4,857 million (13.9% margin)
  • Profit After Tax: ₹3,261 million (9.3% margin)
  • Basic EPS: ₹53.93
  • Diluted EPS: ₹53.76

Sales Mix Trend (FY26):

  • Auto ICE: 70.1% (2W-Motorcycles: 34.3%, 2W-Scooters: 5.4%, PV: 17.0%, CV: 12.7%)
  • Auto-Tech Agnostic & xEV: 13.5% (Auto-Tech Agnostic: 8.7%, xEV: 4.8%)
  • Non-Auto: 16.4% (ADS: 9.6%, Off-road: 3.2%, Agriculture: 1.6%, Others: 2.0%)

Investor Relations Contact

  • Company Contact: Mr. Rajesh Kumar Modi, Company Secretary & Compliance Officer
  • IR Advisor: Strategic Growth Advisors Pvt Ltd.
  • Contact Persons: Shikha Puri / Dharmik Kansara