Fiem Industries (FIEMIND) Q2 26/27 earnings summary

Executive summary

• Standalone Q2 FY27 sales rose 30.97% YoY to ₹931.78 crore and PAT increased 31.97% to ₹84.17 crore; H1 sales grew 25.08% to ₹1,701.68 crore and PAT rose 24.63% to ₹149.36 crore.

• H1FY27 standalone EBITDA was ₹235.1 crore; consolidated Q2 PAT was ₹84.00 crore and H1 PAT was ₹148.88 crore.

Financial highlights

• Standalone Q2 revenue from operations was ₹936.88 crore versus ₹714.79 crore YoY, with PBT of ₹114.01 crore versus ₹85.05 crore.

• Standalone H1 revenue from operations was ₹1,712.26 crore versus ₹1,373.11 crore; PBT was ₹202.59 crore versus ₹160.79 crore.

• Consolidated Q2 revenue from operations was ₹937.34 crore and PBT ₹113.85 crore; H1 revenue was ₹1,712.73 crore and PBT ₹202.16 crore.

• FY21–FY26 standalone net sales grew at an 18.24% CAGR and EBITDA at a 24.07% CAGR; FY26 sales were ₹2,790.6 crore and EBITDA ₹393.3 crore.

Segment performance

• Q2 sales mix was 99.81% automotive and 0.19% IPIS and LED luminaires; two-wheelers made up 97.63% of automotive sales and four-wheelers 2.37%.

• Q2 automotive product mix: lighting 49.06%, LED lighting 27.41%, rear-view mirrors 10.13%, plastic moulded parts 8.28% and others 5.12%.

• Standalone Q2 automotive sales were ₹935.02 crore versus ₹714.07 crore YoY; H1 automotive sales were ₹1,709.30 crore versus ₹1,370.58 crore.

• Q2 automotive sales were 94.15% domestic OEM, 4.46% domestic replacement market and 1.39% exports.

• H1FY27 automotive product mix was 48.68% lighting, 28.03% LED lighting, 10.37% rear-view mirrors, 8.52% plastic moulded parts and 4.40% others.