Talbros Automotive Components LimitedAutomobilesTALBROAUTO
Q1 FY27 concall · 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 | ₹242 Cr | 15% YoY | |
| EBITDA | ₹43 Cr | — | |
| EBITDA Margin | 17.6% | — | |
| PAT | ₹30 Cr | 35% YoY | |
| Gasket Division Revenue | ₹164 Cr | 21% YoY | |
| Gasket Division EBITDA | ₹29 Cr | 32% YoY | |
| Forging Division Revenue | ₹78 Cr | 4% YoY | |
| Forging Division EBITDA | ₹14 Cr | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| 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.
More Q1 FY27 concalls ·How verification works ·Report an error