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 and nine months ended 31st December 2025.
Consolidated Financial Highlights
| Particulars (In ₹ Mn.) | Q3 FY26 | Q3 FY25 | Y-o-Y | 9M FY26 | 9M FY25 | Y-o-Y |
| Total Revenue | 23,405.2 | 21,667.6 | 8.0% | 69,562.7 | 60,164.7 | 15.6% |
| Gross Profit | 4,480.0 | 4,050.6 | 10.6% | 13,392.9 | 11,529.5 | 16.2% |
| EBITDA | 2,869.3 | 2,618.0 | 9.6% | 8,636.4 | 7,451.6 | 15.9% |
| EBITDA Margin % | 12.3% | 12.1% | 12.4% | 12.4% | ||
| Profit Before Tax (PBT) | 1,774.9 | 1,305.7 | 35.9% | 4,976.8 | 3,062.2 | 62.5% |
| Adj. Profit After Tax (PAT) | 1,267.7 | 1,006.0 | 26.0% | 3,714.3 | 2,454.3 | 51.3% |
| Adj. PAT Margin % | 5.4% | 4.6% | 5.3% | 4.1% |
* Adj. PAT excludes exceptional item expense of ₹64.1 million for Q3 & 9M FY26 related to increase in employee benefit obligations resulting from the change in labour law by the Government of India
Other Business & Financial Highlights (Q3 FY26)
- Manufacturing Revenue up 8% to ₹23,405 Mn. as compared to ₹21,668 Mn. in Q3 FY25
- Manufacturing EBITDA up 11% to ₹ 2,579 Mn. as compared to ₹ 2,316 Mn. in Q3 FY25
- Manufacturing EBITDA Margins stood at 14.0%
- Exports contributed 5.8% to our manufacturing revenue
- 73.9% of manufacturing revenue is from powertrain-neutral products
Other Business & Financial Highlights (9M FY26)
- Manufacturing Revenue up 16% to ₹55,583 Mn. as compared to ₹47,947 Mn. in 9M FY25
- Manufacturing EBITDA up 18% to ₹7,778 Mn. as compared to ₹6,608 Mn. in 9M FY25
- Manufacturing EBITDA Margins stood at 13.8%
- Exports contributed 5.6% to our manufacturing revenue
- 73.2% of manufacturing revenue is from powertrain-neutral products
- RoACE stood at 15.1%
Commenting on the Q3 & 9M FY26 performance, Mr. Shrikant Badve, Managing Director of Belrise Industries Limited said, “Q3 FY26 saw sustained operational momentum and continued progress in executing our long-term diversification strategy to evolve into a precision engineering company. Our focused organic and inorganic growth initiatives are accelerating the shift towards Tier-0.5 system assemblies, enabling us to deliver more integrated, system-level solutions to our OEM partners. Within our core automotive business, we strengthened our market position through higher content per vehicle and deeper OEM partnerships. This has translated into securing an order to set up a new manufacturing facility in Haridwar for one of India’s largest two-wheeler OEMs, with production expected to commence in Q4 FY26.
The merger of Badve Autocomps and Eximius Infra Tech with BIL at close to book value and at a significant discount to the Belrise’s P/E ratio will enable a simplification of group structure, higher wallet share, greater vertical integration, increased content per vehicle, and overall EPS accretion at the consolidated level.
Beyond automotive, the quarter marked further progress in expanding into high-technology, safety-critical segments like Aerospace & Defense. We entered into a collaboration with Israel’s Plasan Sasa to localize advanced armored vehicle technology and the Autonomous Electric Mission Module (ATEMM) in India. Additionally, we completed the acquisition of SDM, a European high-precision manufacturer, which provided us access to the supply chains of the largest global commercial aircraft manufacturer, and a leading French fighter aircraft OEM amongst others. This acquisition will form a base to strengthen our ambition to position India as a best-cost aerospace manufacturing hub.
As we move into the final quarter, we remain focused on scaling high-value engineered systems across automotive, defense, and aerospace, while continuing to create sustainable long-term value for all stakeholders.”
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