Fiem Industries (FIEMIND) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 standalone sales were ₹769.90 crore, up 18.62% YoY; EBITDA was ₹104.06 crore at a 13.52% margin, and PAT was ₹65.19 crore, up 16.31%.

• Automotive products accounted for 99.87% of sales; management cited EV adoption, premiumization and a strong order book as growth opportunities amid cost and supply-chain pressures.

Financial highlights

• Standalone revenue from operations was ₹775.38 crore versus ₹658.32 crore in Q1 FY26; total sales were ₹769.90 crore.

• Standalone EBITDA margin was 13.52% versus 14.09% in FY26; PAT margin was 8.47% versus 9.10%.

• Consolidated net profit after share of associates was ₹64.88 crore; consolidated EBITDA was ₹103.9 crore at a 13.50% margin.

• Standalone basic and diluted EPS were ₹24.77; consolidated basic and diluted EPS were ₹24.65.

• Q1 CapEx was ₹41.15 crore; LED lighting represented 63% of automotive lighting revenue by value.

Outlook and guidance

• FY27 revenue growth guidance is 15%-20%, with EBITDA margin guidance of ~14%; two-wheelers remain the main contributor.

• Raw-material cost increases are expected to be passed through with a lag of a couple of quarters; employee-cost run rate is expected to remain in a similar range for the next three quarters.

• Four-wheeler revenue is expected to remain ~2.5% in FY27; anticipated scale-up has shifted into FY28, with meaningful growth expected thereafter.

• Annual CapEx is targeted at ~₹100 crore, primarily for South India/Hosur capacity and EV-related requirements.

• Management expects LED lighting to approach ~70% of automotive lighting by value over the next 24-30 months.