Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September, 2026 (Q2 FY27, H1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results under Regulation 30 of SEBI (LODR) Regulations, 2015
Date of Board Meeting / Approval: 19th October, 2026 (Meeting duration: 03:25 P.M. to 03:58 P.M.)
Audit Opinion: Unmodified review report from Statutory Auditors (B S R & Co. LLP)
Auditor’s Comment: The auditors' limited review report states that nothing has come to their attention to believe the statement contains any material misstatement.
Key Financial Highlights [Rupees in crores]
Standalone Results:
Profit before tax (H1 FY27): ₹101.13 crore (H1 FY26: ₹117.83 crore)
Net Profit (H1 FY27): Not explicitly stated in a single line; derived from PBT and tax.
EPS: Not Specified
Other Equity (30.09.2026): ₹545.43 crore (31.03.2026: ₹504.86 crore)
Cash and Cash Equivalents (30.09.2026): ₹4.45 crore (31.03.2026: ₹4.51 crore)
Debt:
- Non-current borrowings: ₹1.24 crore (31.03.2026: ₹10.65 crore)
- Current borrowings: ₹28.70 crore (31.03.2026: ₹269.50 crore)
- Total Debt: ₹29.94 crore (31.03.2026: ₹280.15 crore)
Revenue from Operations: Not explicitly stated in the provided data.
Total Income: Not explicitly stated in the provided data.
EBITDA: Not Specified
Consolidated Results:
Not Specified. The results provided are standalone.
Segment-wise Performance:
The Chief Operating Decision Maker reviews the performance of a single operating segment: commercial vehicles and related components. Therefore, no segment-wise breakdown is provided.
Corporate Actions:
The Board of Directors, based on the Audit Committee's recommendation, approved the acquisition of the Truck and Bus Division Business from its holding company, Mahindra & Mahindra Limited, on a slump sale basis. A Business Transfer Agreement was entered into on 5th August 2026 for a consideration of ₹525 crores, subject to working capital adjustments. The transaction is expected to close on or before 31st January 2027, subject to fulfilment of customary closing conditions.
Other Significant Information:
Capex: Payments for property, plant, equipment, intangible assets, and capital work in progress amounted to ₹41.67 crore for H1 FY27.
Entities in Consolidation: The financial results are standalone; no entities are mentioned as being excluded from consolidation.
Change in Accounting Policy: Not Specified
Guidance or Outlook: Not Specified