Belrise Industries (BELRISE) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 saw strong momentum with a capital raise, strategic acquisitions, and new business wins across automotive, renewable energy, and defense segments.

• Achieved 13% year-over-year growth in revenue from operations in Q1 FY27, reaching INR 25,465 million.

• PAT increased 9% year-over-year to INR 1,217 million, with a PAT margin of 4.8%.

• Significant progress in aerospace and defense, including advanced localization discussions, integration of recent acquisitions, and entry into international supply chains.

• Unaudited standalone and consolidated financial results for Q1 FY27 were approved, with statutory auditors issuing an unmodified opinion.

Financial highlights

• Total revenue for Q1 FY27 was INR 25,465 million, up 13% year-over-year.

• Manufacturing revenue grew 20% year-over-year to INR 21,979 million.

• EBITDA reached INR 2,933 million, up 5% year-over-year, with a margin of 11.5%.

• PAT stood at INR 1,217 million, up 9% year-over-year, with a PAT margin of 4.8%.

• Finance costs fell sharply to INR 464.8 million from INR 800.4 million year-over-year.

Outlook and guidance

• EBITDA margins expected to remain stable compared to FY26, with cost pressures largely behind.

• Aerospace and defense targeted to reach 10% of manufacturing revenue in the medium term.

• Targeting 40-45% growth in 4W/CV segment revenue for FY27.

• Expanding renewable energy manufacturing and deepening presence in premium and proprietary products.

• Board approved a fresh Scheme of Amalgamation for H-One India Private Limited and other entities, with regulatory filings in progress.