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Auto Parts & Equipment company Belrise Industries announced Q1FY27 results

Standalone Financial Highlights:

• Revenue from Operations: Recorded at Rs 20,882.78 million for Q1FY27, representing a YoY increase of 16.15% from Rs 17,979.47 million in Q1FY26. It decreased by 0.89% on a QoQ basis from Rs 21,069.63 million in Q4FY26.
• Total Income: Stood at Rs 21,060.79 million in Q1FY27, reflecting a YoY growth of 15.80% compared to Rs 18,186.91 million in Q1FY26. On a QoQ basis, it saw a marginal decline of 0.94% from Rs 21,260.93 million in Q4FY26.
• Profit Before Tax (PBT): Reported at Rs 1,563.61 million for Q1FY27, a YoY increase of 19.94% compared to Rs 1,303.70 million in Q1FY26. Sequentially, it decreased by 13.05% from Rs 1,798.21 million in Q4FY26.
• Profit for the period (PAT): The company earned a net profit of Rs 1,142.68 million in Q1FY27, showing a YoY increase of 11.45% from Rs 1,025.28 million in Q1FY26. It decreased by 16.14% QoQ from Rs 1,362.65 million in Q4FY26.
• Total Comprehensive Income: Stood at Rs 1,142.98 million for Q1FY27 compared to Rs 1,024.16 million in Q1FY26 and Rs 1,401.28 million in Q4FY26.

Consolidated Financial Highlights:

• Revenue from Operations: Recorded at Rs 25,464.68 million for Q1FY27, representing a YoY increase of 12.57% from Rs 22,622.08 million in Q1FY26. It showed a slight QoQ decrease of 0.25% from Rs 25,528.30 million in Q4FY26.
• Total Income: Stood at Rs 25,648.57 million in Q1FY27, a YoY growth of 11.94% from Rs 22,912.63 million in Q1FY26. Sequentially, it decreased by 0.31% from Rs 25,729.39 million in Q4FY26.
• Profit Before Tax (PBT): Reported at Rs 1,663.77 million for Q1FY27, an increase of 19.25% YoY from Rs 1,395.22 million in Q1FY26. On a QoQ basis, it decreased by 4.65% from Rs 1,744.98 million in Q4FY26.
• Profit for the period (PAT): Net profit reached Rs 1,216.67 million in Q1FY27, growing 8.94% YoY from Rs 1,116.80 million in Q1FY26. It decreased by 6.57% QoQ from Rs 1,302.25 million in Q4FY26.
• Total Comprehensive Income: Recorded at Rs 1,217.35 million in Q1FY27 compared to Rs 1,115.68 million in Q1FY26 and Rs 1,344.21 million in Q4FY26.

Business Highlights:

• Acquisition of Tipper Body Business: On August 4, 2026, the company entered into a Business Transfer Agreement for the acquisition of the India Tipper Body Business of Hyva (India) Private Limited on a slump sale basis for an aggregate consideration of approximately USD 5.65 million.
• Aerospace Sector Acquisition: During the quarter, the step-down wholly owned subsidiary, Belrise UK Holdings Limited, acquired 100% of the issued share capital of Chester Hall Precision Engineering Holdings Limited (UK) for a consideration of £13.20 million. The target entity is engaged in precision engineering for the aerospace, aviation, space, and defence sectors.
• Fund Raising via QIP: The company completed a Qualified Institutions Placement (QIP) on July 17, 2026, allotting 7,72,72,727 Equity Shares of Rs 5 each at an issue price of Rs 220 per share, aggregating to Rs 17,000 million. This followed the Board's approval on May 24, 2026, to raise funds up to Rs 20,000 million.
• Final Dividend Recommendation: The Board of Directors recommended a final dividend of Rs 0.55 per equity share for the financial year ended March 31, 2026 (FY26).
• Authorised Share Capital: The Board proposed an increase in the authorised share capital from Rs 500,00,00,000 (divided into 100,00,00,000 equity shares of Rs 5 each) to Rs 550,00,00,000 (divided into 110,00,00,000 equity shares of Rs 5 each), subject to shareholder approval.
• Amalgamation Schemes: The company is proceeding with a fresh Scheme of Amalgamation for its wholly owned subsidiary, H-One India Private Limited, into Belrise Industries Limited. Additionally, a scheme involving Badve Autocomps Private Limited and Eximius Infra Tech Solutions Private Limited has received "no adverse observations" from NSE and BSE as of July 3, 2026.

Shrikant Badve, Managing Director of Belrise Industries, said: “Q1FY27 was a strong start to the year, with Belrise continuing to deliver growth while simultaneously broadening the base for its next phase of expansion. Our focus remains on moving beyond individual components towards larger assemblies and proprietary products, while increasing our content per vehicle and deepening our relationships with leading OEMs.

Manufacturing revenue grew 20% to Rs 21,979 million, while EBITDA stood at Rs 2,933 million, with margins at 11.5%, keeping us on track with our commitment to deliver growth without compromising the underlying profitability of the business.

To support this ambition, we also strengthened our financial capacity during the quarter through the Rs 17,000 million QIP. The fundraise provides us with the agility to invest in capacity and capabilities, and pursue acquisitions that can accelerate our strategic objectives for long-term growth.

The business transfer agreement of Hyva India's tipper-body business is a good example of this approach. It adds three state-of-the-art manufacturing facilities and expands our commercial vehicle capabilities into heavy fabrication and provides access to established customer relationships. More importantly, it strengthens our ability to participate in larger, integrated vehicle systems and supports our progression towards a Tier-0.5 supplier.

Our order wins during the quarter further demonstrate this shift. We are gaining more wallet share with existing customers, adding new OEM relationships and taking on a broader range of products from chassis, suspension and braking systems to complex assemblies for EV localization.

The renewable energy order further demonstrates that our sheet-metal and manufacturing capabilities can be deployed beyond automotive applications. Importantly, these opportunities are increasing the breadth of our addressable market while deepening our role with customers.

We remain confident in our FY27 roadmap, with mid-teens revenue growth, broadly stable EBITDA margins and disciplined capex. With a stronger balance sheet, expanding capabilities and a growing order pipeline, our focus remains firmly on converting these investments into sustainable growth and higher value creation over the medium term.”

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