• Event Type: Q2 CY26 Earnings Conference Call and post-results investor interaction.
  • Event Date and Time: Held on Thursday, July 23, 2026. The specific time was not disclosed in the transcript.
  • Purpose: Discussion of quarterly results for the second quarter and half year ended June 30, 2026, including a business and financial performance update.
  • Earnings Timing: The meeting was held after the earnings announcement, as referenced by the discussion of results.
  • Management Participants: Mr. Harsha Kadam (Managing Director and Chief Executive Officer), Ms. Hardevi Vazirani (Director of Finance and Chief Financial Officer), and Ms. Gauri Kanikar (Head of Investor Relations).
  • Availability of Materials: The transcript of the call was filed with the exchanges and is available on the company's website in the 'Conference Call Transcripts' section.
  • UPSI Statement: The document is a standard regulatory filing of a post-earnings call transcript; no specific UPSI disclaimer was reiterated within the provided transcript text.

Financial Period Discussed: Q2 CY26 (Quarter ended June 30, 2026) and H1 CY26.

Financial Highlights (as disclosed in the call):

  • Q2 CY26 Revenue: INR 2,681 crores, up 17.5% YoY and 7% QoQ.
  • Q2 CY26 EBITDA: INR 513 crores, with a margin of 19.1%, up 19% YoY and 6.3% QoQ.
  • Q2 CY26 PAT: INR 337 crores, with a margin of 12.6%.
  • H1 CY26 Revenue Growth: 18% YoY.
  • H1 CY26 EBITDA Margin: 19.2%.
  • H1 CY26 PAT Margin: 12.7%.

Segment-wise Performance (Q2 YoY):

  • Automotive Technologies: 33% growth.
  • Vehicle Lifetime Solutions (VLS): 9.9% growth.
  • Bearings and Industrial Solutions (B&IS): ~5% growth.
  • Exports: 24% growth.

Sales Mix:

  • Automotive Technologies: 35%
  • Bearings and Industrial Solutions: 35%
  • Vehicle Lifetime Solutions: 12%
  • Exports: 17%

Strategic and Operational Highlights:

  • New business wins were secured across all verticals, with the highest value acquisition in the Industrial space (B&IS).
  • Working capital increased to INR 2,029 crores, described as a planned activity to build strategic inventories.
  • Capex for CY26 is guided at INR 400-500 crores, with INR 175 crores spent in H1. The breakup is ~INR 170 crores for Automotive Technologies and the remainder for B&IS.
  • The company faces margin pressures from increased input costs (LPG, oil, freight), foreign exchange impacts, and wage inflation (~10% increase). Discussions with OEMs on cost pass-through are ongoing.
  • The subsidiary, KRSV Innovative Auto Solutions (Koovers), reported revenue of INR 79 crores for the quarter but remained EBITDA negative due to accounting policy adjustments and provisions for a founders' bonus. Breakeven is expected in 2029.

Additional Notes Section

  • The disclosed document is the transcript of the earnings conference call, filed as an enclosure to the regulatory submission.
  • The transcript contained detailed financial figures and management commentary from the Q2 CY26 earnings call.
  • Logistical details like dial-in numbers were not included in the provided transcript excerpt.