Sector concallsAutomobiles
- Alicon Castalloy Limited
- Ashok Leyland Limited
- Belrise Industries Ltd
- Dhoot Transmission Limited
- Divgi Torqtransfer Systems Limited
- Endurance Technologies Limited
- Fiem Industries Limited
- Landmark Cars Limited
- Lumax Auto Technologies Limited
- Lumax Industries Limited
- Minda Corporation Limited
- Ndr Auto Components Limited
- Popular Vehicles and Services Limited
- Precision Camshafts Limited
- Rico Auto Industries Limited
- Schaeffler India Limited
- Sharda Motor Industries Limited
- SKF India Ltd
- Studds Accessories Limited
- Talbros Automotive Components Limited
- Tata Motors Limited
- Tata Motors Passenger Vehicles Limited
- V.S.T Tillers Tractors Limited
- Varroc Engineering Limited
Schaeffler India is prioritizing domestic-led growth with 14% to 15% local expansion and about 80% localization, keeping exports at 15% to 20% while investing in automotive, railways and wind capacities.
- Export share of business
- 15% and 20%
- Domestic market growth
- 14% to 15%
Dhoot Transmission reported nearly 50% YoY growth in Q1 FY27 led by 44.6% growth in wiring harness and 67.7% in non-wiring harness, with EV mix rising to 27% and EBITDA margin improving to 15% sequentially.
- Revenue growth YoY
- nearly 50%YoY
- Wiring harness revenue growth
- 44.6%YoY
Strong standalone performance in India driven by new vehicle program ramp-ups contrasts with cautious outlook for the European electric commercial vehicle subsidiary.
- Total Income (Standalone)
- ₹173 Cr6.6%
- Net Profit (Standalone)
- ₹14.88 Cr12.5%
Varroc aims to achieve a revenue target of INR 20,000 crores by FY31, driven by strong order wins in EV and overseas electronics, with anticipated growth of around 20% in FY27.
- FY26 Consolidated Revenue
- ₹8,890.5 Cr9%
- FY26 EBITDA Margin
- 9.4%
Alicon reported record quarterly revenue of Rs 579 crore, with strong volume growth and new customer wins, while managing inflationary pressures on margins.
- Total Income
- ₹579 Cr37%
- EBITDA
- ₹55 Cr
Belrise delivered resilient Q1 growth driven by automotive order wins and strategic expansion into aerospace & defense, renewables, and heavy fabrication via acquisition.
- Total Revenue
- ₹2,546.5 Cr13%
- Manufacturing Revenue
- ₹2,197.9 Cr20%
NDR Auto delivered revenue of INR 221.45 crore driven by strong order book execution, maintained healthy EBITDA margins at 11.88%, and commenced operations at two new facilities to diversify its product portfolio.
- Revenue
- ₹221.45 Cr
- EBITDA Margin
- 11.88%
Endurance delivered strong revenue growth amid a challenging global environment, focusing on expanding capacities for brakes, EV battery packs, and 4W aluminum castings while managing commodity cost headwinds.
- Standalone Total Income
- ₹3,194.15 Cr35.9%
- Standalone EBITDA
- ₹357.78 Cr17.1%
Ashok Leyland posted record Q1 volumes and revenue despite industry headwinds, but flat EBITDA margins reflect significant pressure from rising commodity costs which management expects to persist into Q2.
- Revenue
- ₹9,634 Cr10%
- EBITDA
- ₹970 Cr0%
SKF India completed its demerger to become a pure-play automotive company and is investing in capacity and technology for future growth in the mobility sector.
- Standalone Revenue (FY 25-26)
- ₹2,129 Cr15.4%
- Profit Before Tax (FY 25-26)
- ₹235 Cr-34%
Record revenue was overshadowed by severe temporary cost pressures from air freight and raw material price lags, denting profitability despite a strong order book and growth outlook.
- Consolidated Revenue
- ₹755 Cr39%
- EBITDA Margin
- 4.6%
Fiem delivered strong sales growth in line with record 2-wheeler industry volumes, driven by EV adoption, new model launches, and capacity expansions from key customers.
- Sales
- ₹769.9 Cr18.62%
- EBITDA
- ₹104.06 Cr
The company reported volume growth in power tillers and weeders while navigating cost inflation, and sees near-term performance hinging on monsoon outcomes for crops and water levels.
- Revenue
- ₹313.4 Cr11%
- Operational EBITDA
- 12.85%-45 bps
Strong volume growth and EV momentum in India were offset by commodity headwinds and weaker JLR performance due to supply issues and challenging markets.
- Consolidated Revenue
- ₹95,800 Cr
- Consolidated EBIT Margin
- 2.4%
Minda Corporation reported record quarterly revenue and profitability, driven by strong automotive industry growth, strategic consolidations, and a growing share in the EV segment.
- Revenue
- ₹1,846 Cr33.2%
- EBITDA
- ₹212 Cr35.4%
The company delivered record quarterly revenue and profit, driven by strong execution of the Indonesia transfer case order, export growth, and expanding pipeline across multiple new transmission technologies.
- Revenue
- ₹141.8 Cr85% YoY
- EBITDA
- ₹41.6 Cr118% YoY
Q1 FY27 showed strong revenue growth driven by both acquired businesses scaling up and organic growth across segments, with improved demand and a focus on converting scale into sustainable profitability.
- Revenue from Operations
- ₹1,890 Cr44% Y-o-Y
- Reported EBITDA
- ₹71.5 Cr86.6% Y-o-Y
The company delivered its best ever Q1 performance with strong revenue growth and a near doubling of PAT, driven by operating leverage and cost discipline, while positioning to capitalize on industry growth and the shift to EVs.
- Pro forma revenue growth (YoY)
- over 22%
- Mercedes-Benz Average Selling Price (ASP)
- ₹0.79 Crup from ₹0.73 Cr in Q4 FY26
Tata Motors delivered robust double-digit volume growth across all segments and strong free cash flow, absorbing significant commodity cost headwinds through operating leverage and price increases.
- Standalone Revenue
- ₹19,300 Cr23%
- Standalone EBITDA Margin
- 11.7%-60 bps
Lumax Auto Technologies started FY27 with strong revenue and margin growth, driven by broad-based demand across vehicle segments and successful execution of its premiumization and localization strategy.
- Revenue
- ₹1,364 Cr33% y-o-y
- EBITDA
- ₹205 Cr51% y-o-y
The company delivered record revenue driven by strong performance in gaskets and growth in new segments like data centres, despite temporary margin pressures.
- Total Income
- ₹242 Cr15% YoY
- EBITDA
- ₹43 Cr
The company reported revenue growth of 34% and is progressing on its strategic priorities of lightweighting, exports, and emission adjacencies, despite a one-time impact on gross profit.
- Revenue
- ₹1,011.1 Cr34%
- Gross Profit
- ₹203.9 Cr8%
Lumax delivered strong revenue growth in Q1 FY27 driven by robust auto production, a large LED-focused order book, and expects margin improvement as commodity price recoveries materialize.
- Consolidated Revenue
- ₹1,223 Cr32.6% y-o-y
- EBITDA
- ₹113 Cr34% y-o-y
Margins were severely compressed by a sharp rise in raw material costs, but management expects recovery as price increases take full effect and new growth initiatives like Italy operations and Decathlon ramp up in the second half.
- Revenue
- ₹169.7 Cr13.7% YoY
- EBITDA
- ₹19.6 Cr