Financial Performance
Trailing Twelve Months Performance (TTM Q1FY27 = July 2025 - June 2026)
- Revenue: ₹1,069 crore
- EBITDA: ₹249 crore
- EBITDA Margin: 23.3%
- Profit After Tax (PAT): ₹176 crore
- PAT Margin: 16.5%
- Return on Capital Employed (RoCE): 30.6%
Note: RoCE calculation uses EBIT/Capital Employed where Capital Employed = Tangible Networth + Total Debt
Key Growth Drivers
- ISG ECU Introduction: Deployment on variants of 3 popular (top-10) motorcycle models from 3 of the top-4 OEMs
- Wet magneto technology with SLC technology as key component
- Two launches expected in Q1FY27 (one already in production, second imminent)
- Third launch expected in Q4FY27
- E2W MCUs Ramp-up: Production start (SoP) was in Q3FY26, currently in ramp-up phase
- Export 3W ISG ECUs Ramp-up: Production start (SoP) was in Q4FY26, currently in ramp-up phase
Key Dampeners
- Supply Chain and Cost Pressures: Semiconductor supply chain tightening and commodity price inflation have led to raw material cost increases
- Resulted in mild EBITDA percentage pressure in Q1FY27
- Company expects EBITDA percentage to hold or improve for the remainder of FY27 compared to Q1FY27
- Weather-Related Risks: Reports of strong El Nino in CY26 creating potential negative impact on:
- Indian monsoon season
- US hurricane season
- Potential negative impact on India's two-wheeler market and US home-standby generator markets
Business Overview
The company designs and supplies critical, control-intensive Electronic Control Units (ECUs) to major vehicle and industrial OEMs in India, the US, and Europe. Majority of revenue comes from ECUs incorporating novel control technologies built in-house.
Disclaimer Notes
The presentation includes forward-looking statements subject to risks and uncertainties. The company does not guarantee the accuracy of assumptions and expectations, and actual results may differ materially from projections. The information is current as of the presentation date and subject to change without notice.