Fiem Industries (FIEMIND) Q1 25/26 earnings summary

Executive summary

• Standalone net sales rose 13.16% YoY to ₹649.07 crore and PAT increased 13.92% to ₹56.05 crore; consolidated PAT after associate share was ₹57.52 crore.

• Management maintained 15%-20% organic sales growth guidance, citing LED penetration and four-wheeler expansion as growth drivers.

• The Board approved unaudited standalone and consolidated results for the quarter ended June 30, 2025, after Audit Committee review; statutory auditors conducted limited reviews.

Financial highlights

• Standalone revenue from operations was ₹658.32 crore versus ₹577.69 crore YoY; net sales were ₹649.07 crore versus ₹573.61 crore.

• Standalone PAT was ₹56.05 crore versus ₹49.20 crore; consolidated revenue from operations was ₹658.90 crore and PAT after associate share was ₹57.52 crore.

• Standalone EBITDA was ₹87.36 crore, with a 13.46% margin versus ₹78.77 crore and 13.73% in Q1 FY25; EBITDA including other income was ₹93.2 crore, with a 14.03% margin.

• Consolidated EBITDA was ₹95.3 crore, with a 14.34% margin; consolidated PBT was ₹77.77 crore and standalone PBT was ₹75.75 crore, with no exceptional income in Q1 FY26.

• Standalone EPS was ₹21.30 and consolidated EPS ₹21.85, not annualised; standalone and consolidated total comprehensive income were ₹55.57 crore and ₹57.03 crore, respectively.

Outlook and guidance

• Organic sales growth guidance remains 15%-20%; this excludes potential upside from a significant four-wheeler ramp-up.

• LED mix is expected to rise from 64% to 75%-80% over the next couple of years; LED lighting represented 63.92% of automotive lighting sales.

• Management expects two-wheeler demand to rebound with the festive season and good monsoon; annual industry growth projections cited at 6%-10%.

• 2W EV growth is identified as an opportunity, supported by work with major Indian EV OEMs and in-house R&D, design and testing capabilities.