The company reported results for the third quarter of FY26 with revenue rising 34.31 per cent year on year to Rs 2,089.9 mn and an increase of 20.96 per cent quarter on quarter, supported by healthy demand, an improved product mix and higher volumes across key segments. EBITDA for the period was Rs 194.7 mn, an increase of 17.36 per cent, reflecting operational efficiency and disciplined execution. Prudent financial management and a strengthened balance sheet were cited as supporting factors for sustained performance.

Over the nine months to December, revenue was Rs 5,333.3 mn, up 15.35 per cent year on year, while EBITDA for the nine month period was Rs 495.4 mn, up 4.85 per cent. Profit before tax was Rs 270.1 mn, with a PBT margin of 5.06 per cent, supported in part by one time exceptional income, and profit after tax rose to Rs 210.3 mn, up 81.29 per cent year on year. Margin improvement and cash generation were attributed to strong order execution and higher content per vehicle.

The company received Rs 110.0 mn from land monetisation in the quarter, taking total realisations to Rs 985.0 mn, and reported that the sale proceeds are fully realised. It issued 3,265,000 convertible warrants to the promoter amounting to Rs 245.0 mn, with 25 per cent of the warrant consideration received upfront to support capital investment for capacity enhancements. The measures are intended to fund automation and scaling of capacity to meet increased demand from original equipment manufacturers.

The auto component industry outlook for FY26 remains favourable on the back of festive demand spillover, recent interest rate cuts and GST reductions, which are expected to support higher volumes and improved realisations in the fourth quarter. The company indicated strong demand visibility from major domestic original equipment manufacturers and a robust order book, while exports are expected to be moderate amid global uncertainties. Continued focus on capacity utilisation, automation and renewable energy initiatives is expected to strengthen competitiveness and support long term value creation for shareholders.