- Manufacturing revenue grew 20.0% YoY, with PBT increasing 19.2% YoY to ₹1,664 million
- Successfully completed ₹17,000 million QIP strengthening financial capacity to support the company’s expansion, acquisition and capability-building plans
- New programs across automotive, aerospace & defense and renewable energy broaden Belrise’s addressable market
Pune: Belrise Industries Limited (BIL), one of India’s leading integrated automotive component manufacturers with a diverse portfolio of safety-critical systems and engineering solutions announced its unaudited financial results for the quarter ended 30th June 2026.
Consolidated Financial Highlights
| Profit and Loss (In ₹Mn.) | Q1 FY27 | Q1 FY26 | Y-o-Y |
| Revenue from Operations | 25,464.7 | 22,622.1 | 12.6% |
| Gross Profit | 5,093.1 | 4,378.2 | 16.3% |
| EBITDA | 2,932.6 | 2,805.2 | 4.5% |
| EBITDA Margin (%) | 11.5% | 12.4% | |
| Profit before Tax | 1,663.8 | 1,395.2 | 19.2% |
| Profit after Tax | 1,216.7 | 1,116.8 | 8.9% |
| Profit after Tax Margin (%) | 4.8% | 4.9% |
Other Business & Financial Highlights (Q1 FY27)
- Manufacturing Revenue up 20% to ₹21,979 Mn. as compared to ₹18,323 Mn. in Q1 FY26
- Manufacturing EBITDA up 10% to ₹2,793 Mn. as compared to ₹2,536 Mn. in Q1 FY26
- Manufacturing EBITDA Margins stood at 12.7%
- 71% of manufacturing revenue is from powertrain-neutral products
Key Operational Highlights for Q1 FY27 New Order Wins
- Secured an additional chassis order from one of the fastest-growing 2W & 3W OEMs for a high-selling model, with annual revenue potential of ₹650+ million. Production is expected to start in Q4 FY27 from the existing Bangalore facility, further increasing wallet share with the customer.
- Expanding manufacturing in the renewable energy sector through a new facility for a leading US-based solar tracker manufacturer. The facility will manufacture sheet-metal assemblies supporting approximately 2.5 GW of annual supplies, with peak revenue potential of ₹1500+ million.
- Continued to scale the proprietary product portfolio by adding 2 new OEMs for our braking and suspensions portfolio, helping Belrise expand both customer coverage and content per vehicle.
- Won a significant program from a leading Indian 4W OEM covering 59 unique assemblies for the localization of a high-selling EV model. In addition to component manufacturing, Belrise will provide tooling, fixtures and automation, expanding its role towards end-to-end manufacturing solutions.
Business Transfer Acquisition
Announced the acquisition of Hyva India’s tipper business in August 2026, adding three manufacturing facilities across Pune, Jamshedpur and Bengaluru and strengthening Belrise’s heavy-fabrication capabilities. The acquisition provides access to a new European Commercial Vehicle OEM, supports the company’s Tier-0.5 systems strategy, and creates potential synergies with its emerging defence and armored vehicle opportunities.
Qualified Institutional Placement (QIP)
Belrise successfully raised ₹17,000 million through a QIP during the quarter, further strengthening its financial position and providing capital to support its growth priorities.
Commenting on the Q1 FY27 performance, Mr. Shrikant Badve, Managing Director of Belrise Industries Limited said, “Q1 FY27 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 ₹21,979 million, while EBITDA stood at ₹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 ₹17,000 million QIP. The fund raise 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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