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Talbros Automotive Components Results: Latest Quarterly Results & Analysis

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Talbros Automotive Components Ltd. 13 Nov 2025 15:29 PM
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Q2FY26 Quarterly Result Announced for Talbros Automotive Components Ltd.

Auto Parts & Equipment company Talbros Automotive Components announced Q2FY26 results

  • Total revenue from Operation: Rs 216.9 crore against Rs 220.2 crore during Q2FY25, change -1%.
  • EBITDA: Rs 35.8 crore against Rs 37.3 crore during Q2FY25, change -5%.
  • EBITDA Margin: 16.4% for Q2FY26.
  • PAT: Rs 23.1 crore against Rs 23.4 crore during Q2FY25, change -1%.
  • PAT Margin: 10.7% for Q2FY26.

Anuj Talwar, Jt. Managing Director, TACL, said: In H1FY26, TACL reported total revenue of Rs 427 crore, primarily impacted by muted momentum across the automotive industry during the period. Additionally, a cyberattack on one of our key European clients temporarily disrupted their operations, resulting in a one-time business loss for the quarter. We have already recovered some part of this loss in Q3FY26 and rest of this would be recovered by the end of the year.

Despite these challenges, we were able to deliver a robust EBITDA margin of 16.5%, among the highest in the industry. This demonstrates the company’s continued focus on operational efficiencies, cost optimization, and an enhanced product mix. Exports for the half year contributed to 26% of the total revenue, reaffirming our growing global presence.

However, we are seeing demand momentum to improve in the last 10 days of the quarter and during the month of October as well. We expect this momentum to continue supported by GST reform which is expected to boost consumer purchasing power and drive demand in the automotive industry.

Looking forward, we remain focused on diversification, deeper OEM relationships, and margin enhancement through product mix optimization and cost discipline. We are also committed to our long-term vision of becoming a leading global automotive components player, continuously innovating and adapting to evolving market needs to ensure sustained growth and relevance.”

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Auto Parts & Equipment company Talbros Automotive Components announced Q1FY26 results

  • Total Income from Operations: Rs 210.5 crore compared to Rs 209.2 crore during Q1FY25, change 1%.
  • EBITDA: Rs 34.8 crore compared to Rs 34.6 crore during Q1FY25, change 1%.
  • EBITDA Margin: 16.5% for Q1FY26.
  • PAT: Rs 22.2 crore compared to Rs 20.6 crore during Q1FY25, change 8%.
  • PAT Margin: 10.5% for Q1FY26.

Anuj Talwar, Jt. Managing Director, TACL, said: “In Q1FY26, TACL delivered a resilient performance despite continued macroeconomic uncertainty and subdued momentum across the automotive sector. Total income from operations grew marginally by 1% YoY to Rs 211 crore, with EBITDA at Rs 35 crore while maintaining healthy margins at 16.5%. Our focus continues to remain on improving operational efficiencies and a better product mix. Profit after tax stood at Rs 22 crore, a 8% growth YoY.

This quarter’s performance underscores the robustness of our diversified business model. While the Forgings business witnessed a slight decline, our MTCS and TMR JVs recorded strong doubledigit EBITDA growth of 30% and 26% respectively. These gains reflect our strategic focus on valueadded products. Exports contributed 28% of our total revenues, reinforcing our strong global presence.

In this quarter, we have secured orders worth ~Rs 580 crore, and we remain on track to add more in FY26. With a clear focus on moving from order acquisition to execution, we are strategically positioned to convert these order wins into continuous revenue streams.

We continue to diversify across end-markets and geographies. Our consistent share from exports and OEMs, coupled with aftermarket stability, helps us remain hedged against cyclical downturns.

Looking ahead, TACL remains committed to its strategic roadmap—deepening OEM relationships, expanding the EV pipeline, and enhancing margins through product mix optimization and cost discipline.”

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Auto Parts & Equipment company Talbros Automotive Components announced Q3FY25 results

  • Total Income from Operations for Q3FY25 grew by 1% YoY to Rs 204.4 crore from Rs 201.5 crore.
  • EBITDA increased by 7% YoY, reaching Rs 35.6 crore compared to Rs 33.2 crore, with EBITDA Margin expanding to 17.4% from 16.5%.
  • Profit After Tax (PAT) rose by 5% YoY to Rs 23.8 crore from Rs 22.7 crore, with PAT Margin improving to 11.7% from 11.3%.

Anuj Talwar, Jt. Managing Director, TACL said, “In Q3FY25, revenues remained stable, driven by strong domestic sales but offset by a decline in exports to European markets due to a slowdown in the region's auto sector. Despite this, we increased our EBITDA by 7% and improved margins by 90 basis points to 17.4%, driven by cost efficiencies. We are continually looking at effective execution of a robust order pipeline and improvements in operational efficiencies.

For 9MFY25, revenues grew by 9% to Rs 634 crore with EBITDA Margins improving to 17.0%, an increase of 130 basis points. Our ongoing efforts to enhance margins over the past few quarters have yielded positive results. Profit after Tax has grown by 13% to Rs 68 crore.

In FY24, the Company secured new orders worth Rs 980 crore. In the first nine months of FY25, we further strengthened our order book with significant new orders totaling Rs 1,475 crore, with execution already underway for select projects. This shift from order acquisition to execution marks a crucial milestone, driving revenue generation and reinforcing our growth trajectory. Secured from leading OEMs across domestic and export markets, these orders reflect the strong market confidence in TACL and its joint ventures.

Notably, the portfolio includes EV orders from top OEMs. As the shift towards electric vehicles accelerates, we have strengthened our EV offerings by securing contracts from domestic and international OEMs while collaborating with our JV partner and forgings business to expand our focus on the EV segment.

To capitalize on emerging opportunities in both domestic and international markets, we will continue adopting a diversified and strategically balanced approach as an auto component provider. This strategy aims to mitigate market fluctuations and meet varied customer demands by maintaining exposure across different segments, geographies, and product lines. Looking ahead, we remain focused on executing our strong order pipeline while continuously enhancing operational efficiencies.

We are committed to our long-term vision of becoming a leading global player in the automotive components manufacturing industry. As we pursue this goal, we remain focused on driving continuous progress and development while proactively adapting to future market needs to ensure the sustained relevance of our offerings.”

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Auto Parts & Equipment company Talbros Automotive Components announced H1FY25 results

  • Income from Operations: Rs 429 crore, change 12% YoY.
  • EBITDA: Rs 72 crore, change  23% YoY.
  • PBT: Rs 56 crore, change 19% YoY.
  • PAT: Rs 44 crore, change 18% YoY.

Anuj Talwar, Jt. Managing Director, TACL said: During the first half of FY25, TACL demonstrated substantial growth in both business performance and profitability despite a slowdown in OEM manufacturing. This progress was fueled by effective execution of a robust order pipeline and improvements in operational efficiencies. For H1FY25, total revenue grew by 12% YoY to Rs 429 crore, with EBITDA Margins at 16.7%. We have been working on improving our margins for past few quarters and we are able to achieve that in the first half as well, where are margins has improved by 140bps over H1FY24.

Over the last 18 months, we secured several substantial new orders exceeding Rs 2,000 crore. A number of these projects are now entering the commercialization phase. This marks an important step as we transition from order acquisition to execution, setting the stage for revenue generation and reinforcing our growth trajectory.

The trend towards EV is expanding, and we've also strengthened our EV portfolio, securing orders from both domestic and overseas OEM and expanding our focus on EVs through our JV partner and from standalone business in the Forgings business.

To fully leverage the expanding opportunities in both domestic and international markets, we will maintain a diversified and strategically hedged approach as an auto component provider. Our goal is to ensure that we remain resilient to market fluctuations and able to meet varied customer demands by having a balanced exposure across different segments, geographies, and product lines.

Capitalizing on order inflows from leading OEMs, we anticipate a strong upward trajectory in our business and profitability with increased focus on expanding exports business which shall assist in improving margins going ahead.”

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Auto Parts & Equipment company Talbros Automotive Components announced Q1FY25 results:

  • Income from operations: Rs 209 crore,  13% YoY
  • EBITDA: Rs 35 crore,  24% YoY
  • PBT:  Rs 26 crore,  20% YoY
  • PAT: Rs 21 crore,  18% YoY

Commenting on the performance Anuj Talwar, Jt. Managing Director, Talbros Automotive Components, said: “During Q1FY25, TACL’s revenue has grown by 13% Y-o-Y, EBITDA growing by 24% Yo-Y and Profit After Tax growing by 18% to Rs 21 crore. This growth is driven by effective order execution and operational efficiencies. Subdued demand in the CV segment was managed with improved export sales and better cost controls. Capitalizing on consistent order inflows from leading OEMs, the Company anticipates a strong upward trajectory in business and profitability.

Additionally, in order to fully leverage the expanding opportunities, present in both domestic and international markets, we are committed to maintaining a diversified and strategically hedged position as a leading provider of auto components. We recognize the importance of adaptability and resilience in a competitive landscape and will continue to follow our well-established strategy of enhancing our product portfolio. This will be achieved by consistently introducing innovative and valueadded products that meet the evolving needs of our customers. By doing so, we aim to not only strengthen our market presence but also drive sustainable growth and long-term success for the company.”

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Auto Parts & Equipment company Talbros Automotive Components announced Q4FY24 & FY24 results:

  • Income: Rs 791 crore up by 21%
  • EBITDA: Rs 127 crore up by 36%
  • PBT Rs 104 crore up by 48%
  • PAT: Rs 83 crore up by 49%
  • For FY24 Exports Contributed 15% of Gaskets Revenue, 54% of Forgings Revenue, 17% Marelli Talbros Chassis Systems, 6% of Talbros Marugo Rubber
  • The Board of Directors has recommended Final Dividend of Rs 0.50 per Equity Share of Face Value of Rs 2 each of the Company (25% of Face Value). Total Dividend for FY:2023-24 stood at Rs 0.70 per Equity Share (including Interim Dividend of Rs 0.20 per Equity Share)

Commenting on the performance Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: “For FY24, TACL has demonstrated robust growth throughout the year in terms of business performance and profitability on back of strong order execution and operational efficiencies. For FY24, Total Revenue grew by 21% YoY at Rs 791 crore with EBITDA margins at 16.1%. In Q4 FY24, Company has reported strong revenue growth at 17% YoY, with a 32% increase in EBITDA to Rs. 36 crore and a 35% growth in Net Profit to Rs 23 crore.

Over the last two years company has been consistently securing new orders throughout product segments. Even in FY25, Company has secured, through our JV, order of Rs 1,000 crore from a leading European OEM. This order is centered on the supply of Suspension Arms tailored for both conventional ICE vehicles and new age EV platforms for EMEA and NAFTA regions. This order adds a new customer for TACL group in Europe. This will further improve the market share in Europe and open new avenues of growth with existing and new OEMs in that region.

Result PDF

Auto Parts & Equipments company Talbros Automotive Components announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Total Income from Operations: Rs 196.6 crore, a 21% YoY increase.
    • EBITDA: Rs 30.8 crore, up by 39% YoY.
    • EBITDA Margin: 15.6%.
    • Profit After Tax: Rs 20.0 crore, a 53% YoY growth.
    • PAT Margin: 10.2%.
  • H1FY24:
    • Total Income from Operations: Rs 381.9 crore, showing a 21% YoY rise.
    • EBITDA: Rs 58.6 crore, a 37% YoY increase.
    • EBITDA Margin: 15.3%.
    • Profit After Tax: Rs 37.4 crore, up 50% YoY.
    • PAT Margin: 9.8%.
  • The Board of Directors has declared an interim Dividend of Rs 0.20/- per Equity Share of Face Value of Rs 2 each of the Company (10% of Face Value).

Commenting on the performance Anuj Talwar, Jt. Managing Director, Talbros Automotive Components said, “The first half of the fiscal year once again, for Talbros Automotive Components Limited, logged strong momentum in business growth and profitability over and above last year's performance. For H1FY24, Revenue from operations grew by 21% to ~Rs 382 crore whereas EBITDA stood at ~Rs 59 crore with EBITDA margins at 15.3%, which has significantly improved year on year basis due to better sales mix and internal operational efficiencies.

Such a set of growth numbers has been stable on the back of the stellar performance in Q2FY24 where revenue from operations and EBITDA grew by 21% and 39% respectively.

On the back of the orders won in FY23 and H1FY24 we are all set to grow upwards with a similar trend and efforts are put in to win more orders to strengthen our current order book. JV operations have shown resilient performance throughout the year across its respective segments, especially CV and PV segments.

Furthermore, we shall continue to stay as a diversified and hedged auto component player and execute a set plan of actions towards strengthening our product portfolio by adding new value-added products to capitalize on the growing opportunities in the market, both domestic and global.

Innovation and business development have been the backbone of the company's upward growth strategy and it continues to maintain this trajectory. This shall push us to achieve our FY27 group sales target of ~Rs 2,200 crore business overall with the contribution of 35% coming from the export market. The focus shall be on expanding exports business which shall assist in sustainable margins going ahead.”

Result PDF

Auto Parts & Equipment company Talbros Automotive Components announced Q1FY24 results:

  • Total income from operations of Rs 185.3 crore in Q1FY24 compared to Rs 154.7 crore in Q1FY23, up 20% YoY
  • EBITDA of Rs 27.8 crore in Q1FY24 compared to Rs 20.7 crore in Q1FY23, up 34% YoY
  • EBITDA margin of 15% in Q1FY24 compared to 13.4% in Q1FY23
  • Profit after tax of Rs 17.4 crore in Q1FY24 compared to Rs 11.9 crore in Q1FY23, up 46% YoY
  • PAT margin of 9.4% in Q1FY24 compared to 7.7% in Q1FY23

Commenting on the performance Anuj Talwar, Jt. Managing Director, Talbros Automotive Components said, “Talbros Automotive Components Limited has begun FY24 with strong performance both in business growth and profitability standpoint. For Q1FY24, Revenue from operations stands at Rs 185 crore with a growth of 20% YoY. EBITDA grew by 34% YoY to Rs 28 crore. We achieved an EBITDA margin of 15%, which we believe shall be sustainable going forward. Net profit grew by 46% YoY to Rs 17 crore with a margin of 9.4%. Overall business growth and operational efficiencies have resulted in healthy margins.

Over and above the orders received last year of Rs ~1,000 crore, the momentum of winning orders continues with the receipt of orders worth ~Rs 400 crore from both, domestic and overseas customers across its business divisions, product segments, and JVs. These orders are to be executed over the next 5-7 years covering the company's product lines — gaskets, heat shields, forgings, and chassis. Of this, “Rs 215 crore is received from a leading established export OEM for the Electric Vehicles (EV).

We are dedicated to achieving our long-term goal of establishing ourselves as a prominent global leader in the automotive components manufacturing industry. Throughout our endeavours, we are determined to maintain our progress and development, while simultaneously looking towards the future by ensuring the continued pertinence of the services we provide.

The company lays strong emphasis on R&D and innovation to consistently enhance and adopt newer technologies. By FY27, we intend to achieve our Group sales turnover of Rs 2,200 crore business overall with an export contribution of 35%. We have expanded and will continue to increase our emphasis on exports which shall assist in sustainable margins.”

 

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