Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended 30 June 2026 (Q1 FY27)

Nature of Filing / Announcement: Regulation 30 of SEBI (LODR) Regulations, 2015 - Outcome of Board Meeting

Audit Opinion:

Unmodified limited review report from statutory auditors BS R & Co. LLP

Auditor’s Comment:

No material misstatement noted. Figures for Q4 FY26 (three months ended 31 March 2026) are balancing figures between audited full-year figures and published year-to-date figures up to Q3 FY26.

Key Financial Highlights [₹ in crore]:

Standalone Results:

Total Income: ₹958.73 crore (Q1 FY26: ₹900.23 crore, Q1 FY25: ₹847.95 crore)

EXPENSES:

  • Cost of materials consumed: ₹622.39 crore (Q1 FY26: ₹624.22 crore, Q1 FY25: ₹570.32 crore)
  • Purchases of stock-in-trade: ₹32.00 crore (Q1 FY26: ₹27.00 crore, Q1 FY25: ₹26.22 crore)
  • Changes in inventories: ₹89.38 crore (Q1 FY26: ₹53.19 crore, Q1 FY25: ₹46.08 crore)
  • Employee benefits expense: ₹68.91 crore (Q1 FY26: ₹53.71 crore, Q1 FY25: ₹57.97 crore)
  • Finance cost: ₹2.74 crore (Q1 FY26: ₹6.99 crore, Q1 FY25: ₹5.09 crore)
  • Depreciation and amortisation: ₹13.27 crore (Q1 FY26: ₹13.37 crore, Q1 FY25: ₹12.43 crore)
  • Other expenses: ₹44.76 crore (Q1 FY26: ₹49.15 crore, Q1 FY25: ₹40.29 crore)

Total Expenses: ₹873.45 crore (Q1 FY26: ₹827.63 crore, Q1 FY25: ₹758.40 crore)

Profit before tax: ₹85.28 crore (Q1 FY26: ₹72.60 crore, Q1 FY25: ₹89.55 crore)

Tax expense:

  • Current tax: ₹24.16 crore
  • Deferred tax: (₹2.50) crore

Profit for the period: ₹63.62 crore (Q1 FY26: ₹54.20 crore, Q1 FY25: ₹66.96 crore)

Other Comprehensive Income:

  • Remeasurements of defined benefit plans: (₹0.50) crore
  • Income tax related to items: ₹0.12 crore

Total Comprehensive Income: ₹63.24 crore (Q1 FY26: ₹56.94 crore, Q1 FY25: ₹66.56 crore)

Paid-up equity share capital: ₹14.48 crore (face value ₹10 per share)

Basic and diluted EPS: ₹43.96 (Q1 FY26: ₹37.46, Q1 FY25: ₹46.27)

Segment-wise Performance:

The company operates in a single reportable segment - commercial vehicles and related components. No segment-wise breakdown provided.

Corporate Actions:

Not Specified

Other Significant Information:

  • Board meeting held at Mohali, Punjab
  • Meeting commenced at 03:45 PM and concluded at 05:20 PM
  • Results prepared in accordance with Indian Accounting Standard 34 (Ind AS 34)
  • Figures for Q4 FY26 are balancing figures between audited full-year and published YTD figures