Talbros Automotive Components LimitedUnclassifiedTALBROAUTO
Q1 FY27 earnings callTalbros Automotive Components Limited
The company delivered record revenue driven by strong performance in gaskets and growth in new segments like data centres, despite temporary margin pressures.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Total Income | INR242 crores | 15% year-on-year | |
| EBITDA | INR43 crores | — | |
| EBITDA Margin | 17.6% | — | |
| PAT | INR30 crores | 35% year-on-year | |
| Gasket Division Revenue | INR164 crores | 21% year-on-year | |
| Gasket Division EBITDA | INR29 crores | 32% year-on-year | |
| Forging Division Revenue | INR78 crores | 4% year-on-year | |
| Forging Division EBITDA | INR14 crores | — |
Financials
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹201.47 Cr+1.4% YoY-6.5% QoQ | ₹23.82 Cr+4.7% YoY+1.8% QoQ | ₹3.86+4.6% YoY+1.8% QoQ |
| Q2 FY25 | ₹215.38 Cr+11% YoY+5.4% QoQ | ₹23.41 Cr+16.9% YoY+13.6% QoQ | ₹3.79+16.6% YoY+13.5% QoQ |
| Q1 FY25 | ₹204.35 Cr+11.8% YoY+0.8% QoQ | ₹20.61 Cr+18.3% YoY-58.6% QoQ | ₹3.34-76.3% YoY-58.6% QoQ |
| Q4 FY24 | ₹202.68 Cr+15.9% YoY+2% QoQ | ₹49.79 Cr+195% YoY+118.9% QoQ | ₹8.07-41% YoY+118.7% QoQ |
| Q3 FY24 | ₹198.74 Cr+25.4% YoY+2.4% QoQ | ₹22.75 Cr+65.6% YoY+13.6% QoQ | ₹3.69-66.8% YoY+13.5% QoQ |
TL;DR
- Total income grew 15% YoY to INR242 crores.
- Gasket division revenue grew 21% YoY to INR164 crores.
- Forging division revenue grew 4% YoY to INR78 crores.
- EBITDA margin was 17.6%, with pressure from elevated commodity prices.
- Targeting group revenue growth of 18-20% for FY27.
Said on the call
“We are proud of our resilient growth rates and numbers that we have shown.”
From the Q&A
| Topic | What management said |
|---|---|
| New OEMs and Orders | Management detailed progress with BMW, Volvo, Stellantis, JLR, Cummins America, Kia, Hyundai, and Maruti, including new plastic component orders for EVs from JLR and a potential plant with Tata Motors. |
| Stake in Marelli JV | A clearer picture on the stake in the Marelli joint venture is expected by end of September, pending court proceedings. |
| Data Centre Business | Data centre gaskets currently represent about 5% of the gasket division revenue (~INR30-40 crores annually) and are expected to grow, with the company as a single source to Cummins for the component. |
| Division Growth Outlook | Gasket division is expected to grow about 17% for the year, with a long-term (3-4 year) target of INR850-900 crores. Forging division is expected to see double-digit growth in Q2 and 15-20% growth for the year, with a long-term target of INR650-700 crores. |
| Forging Division Slowdown | The 4% growth in Q1 was attributed to manpower issues, order execution delays, and reduced schedules from European customers like BMW and GKN, but a positive trend is expected with a strong order book. |
| EV Business | EV sales were INR12.5 crores in Q1 (3.27% of total), up from INR9 crores last year. The contribution is expected to reach 5% in the next 2 years, driven by Tata Motors, BMW, and new JLR orders. |
| Sustainable EBITDA Margin | Management indicated a sustainable EBITDA margin of around 17%. |
Guidance
- Targeting group revenue growth of 18-20% for FY27.
- Expect gasket division to grow about 17% for the year.
- Expect forging division to grow 15-20% for the year.
- Aiming to increase export contribution to 35% by FY28.
- Long-term targets: Gasket division revenue of INR850-900 crores and Forging division revenue of INR650-700 crores in 3-4 years.
- EV contribution expected to reach 5% in the next 2 years.
Source
Summary written from the transcript filed by Talbros Automotive Components Limited for the call held on 11 Aug 2026; published 18 Aug 2026, 21:22 IST.