Fiem Industries (FIEMIND) Q2 25/26 earnings summary

Executive summary

• Record Q2 FY26 sales of ₹711.42 crore, up 17.12% YoY, and PAT of ₹63.78 crore, up 28.02%; H1 sales grew 15.19% and PAT 21.01%.

• FY27 revenue-growth guidance remained 15%–20%; a strong order book, technology pipeline, new launches and improving efficiency support expectations to outperform the industry.

Financial highlights

• Q2 FY26 EBITDA was ₹99.1 crore versus ₹80.27 crore; PAT was ₹63.78 crore versus ₹49.83 crore.

• H1 FY26 sales were ₹1,360.49 crore, EBITDA ₹186.46 crore and PAT ₹119.84 crore; respective prior-year figures were ₹1,181.05 crore, ₹159.04 crore and ₹99.03 crore.

• Standalone Q2 revenue from operations was ₹714.79 crore versus ₹612.36 crore; total income was ₹720.33 crore versus ₹615.97 crore.

• Consolidated Q2 revenue from operations was ₹715.39 crore and PAT after associate share ₹63.67 crore; H1 revenue was ₹1,374.28 crore and PAT after associate share ₹121.19 crore.

• Prior-year results included a ₹3.75 crore arbitration award recognized in FY25 for a short-settled Unit 5 fire insurance claim, affecting YoY comparability.

Outlook and guidance

• FY27 revenue growth guidance of 15%–20% was maintained; management expects to outperform the industry, with the next 12–18 months promising across two-wheelers and four-wheelers.

• H2 is expected to be better than H1, subject to OEM performance; management expects two-wheeler volumes to benefit from the industry upswing but gave no quarter-specific guidance.

• EBITDA margin guidance has typically been 13%–14%; management aims to sustain around 14% on current volumes and operating drivers.