Transcript of Analysts/ Investor Earning Conference Call - Q4 & FY 2025-26.
Audio Recording Link of Earnings Conference Call for Q4 and Financial year ended March 31, 2026.
Submission of Newspaper Clippings of publication of Audited Financial Results for 4th Quarter and Year ended March 31, 2026
Investor Release of Financial Result for the 4th Quarter and Year ended March 31, 2026
Investor Presentation for the 4th Quarter and Year ended March 31, 2026
Intimation regarding fixation of Record date and Cut -off date
The Board of Directors in their Meeting held on May 28, 2026 , considered and approved the convening and holding the 45th Annual General Meeting of the company on Monday, 24th August 2026 for the financial year ended March 31, 2026, through Video Conferencing/ other Audio - Visual Means.
The Board of Directors in their meeting held on May 28, 2026 considered, approved and recommended the Material Related Party Transactions entered/ to be entered with Lumax Auto Technologies Limited for the approval of Shareholders during the financial year 2026 - 27
The Board of Directors in their meeting held on May 28, 2026 have considered and approved the following changes in Directors/Auditors:- 1. Re- appointment of Mr. Tadayoshi Aoki (DIN: 08053387) as Senior Executive Director - Whole Time Director ( Key Managerial Personnel) of the company for the further period of three year w.e.f February 03, 2027 2. Change in Designation of Mr. Deepak Jain from Chairman and Managing Director to Chairman ( Whole time Director - Key Managerial Personnel) w.e.f. May 28, 2026 3. Change in Designation of Mr. Anmol Jain from Joint Managing Director to Managing Director (Key Managerial Personnel) w.e.f. May 28, 2026. 4. Re- appointment of M/s Grant Thornton Bharat LLP as Internal Auditors for the Financial Year 2026 - 27 5. Re - appointment of M/s Jitender, Navneet & Co., Cost Accountants as Cost Auditor for Financial Year 2026- 27
Board of Directors have considered and recommended final dividend of Rs. 55 per equity share for the financial year 2025-26 subject to the approval of shareholders in the ensuing Annual General Meeting.
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 618.44 | 643.75 | 631.72 | 742.69 | 765.79 | 811.82 | 887.08 | 923.37 | 922.52 | 1,008.60 | 1,052.72 | 1,200.32 |
| YOY Revenue Growth % | 20.8% | 3.82% | 9.03% | 22.13% | 23.83% | 26.11% | 40.42% | 24.33% | 20.47% | 24.24% | 18.67% | 29.99% |
| Other Income | 2.77 | 1.76 | 1.53 | 5.33 | 12.27 | 2.56 | 1.14 | 5.90 | 2.73 | 2.18 | 1.14 | 0.90 |
| Total Income | 621.21 | 645.51 | 633.24 | 748.02 | 778.06 | 814.39 | 888.22 | 929.27 | 925.25 | 1,010.78 | 1,053.86 | 1,201.22 |
| Total Expenses + | 598.22 | 620.84 | 609.84 | 718.03 | 750.64 | 797.63 | 863.66 | 894.97 | 890.56 | 975.62 | 999.13 | 1,139.46 |
| Cost of Materials Consumed | 401.90 | 425.49 | 424.01 | 490.86 | 533.80 | 539.53 | 621.42 | 620.77 | 639.39 | 647.06 | 672.85 | 783.20 |
| Employee Benefit Expense | 77.03 | 79.97 | 84.21 | 82.24 | 95.70 | 96.80 | 87.72 | 96.73 | 109.03 | 120.57 | 124.67 | 126.04 |
| Other Expenses | 83.58 | 89.15 | 87.35 | 105.41 | 97.80 | 104.00 | 114.64 | 117.18 | 117.97 | 147.10 | 127.57 | 154.21 |
| Operating Profit | 20.22 | 22.91 | 21.88 | 24.66 | 15.15 | 14.19 | 23.42 | 28.40 | 31.96 | 32.99 | 53.59 | 60.86 |
| OPM % | 3.3% | 3.6% | 3.5% | 3.3% | 2% | 1.7% | 2.6% | 3.1% | 3.5% | 3.3% | 5.1% | 5.1% |
| Profit Before Tax + | 22.99 | 24.67 | 23.41 | 29.99 | 27.42 | 16.76 | 24.56 | 34.30 | 34.69 | 35.16 | 38.87 | 59.77 |
| Tax Expense | -0.13 | -1.58 | -2.17 | -6.07 | -6.75 | -11.52 | -8.92 | -9.67 | -1.49 | -0.48 | -7.68 | 5.67 |
| Tax % | -0.6% | -6.4% | -9.3% | -20.2% | -24.6% | -68.8% | -36.3% | -28.2% | -4.3% | -1.4% | -19.8% | 9.5% |
| Profit After Tax | 23.12 | 26.25 | 25.58 | 36.07 | 34.18 | 28.28 | 33.48 | 43.97 | 36.19 | 35.64 | 46.55 | 54.10 |
| EPS (Basic) | 24.73 | 28.08 | 27.37 | 38.58 | 36.56 | 30.25 | 35.82 | 47.04 | 38.71 | 38.13 | 49.79 | 57.87 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 4,184.16 | 3,400.39 | 2,636.59 | 2,319.52 | 1,751.31 | 1,425.98 | 1,601.59 |
| YOY Revenue Growth % | 23.05% | 28.97% | 13.67% | 32.44% | 22.81% | -10.96% | - |
| Other Income | 6.95 | 9.23 | 11.39 | 14.68 | 13.39 | 25.23 | 7.35 |
| Total Income | 4,191.11 | 3,409.62 | 2,647.98 | 2,334.21 | 1,764.70 | 1,451.21 | 1,608.94 |
| Total Expenses + | 4,004.77 | 3,306.58 | 2,546.93 | 2,221.33 | 1,701.41 | 1,419.69 | 1,444.40 |
| Cost of Materials Consumed | 2,765.36 | 2,315.53 | 1,742.26 | 1,536.95 | 1,125.63 | 905.83 | 984.47 |
| Employee Benefit Expense | 480.31 | 376.95 | 323.46 | 275.85 | 240.84 | 206.80 | 209.92 |
| Other Expenses | 546.85 | 433.30 | 365.50 | 324.94 | 248.55 | 217.31 | 250.01 |
| Operating Profit | 179.39 | 93.81 | 89.67 | 98.19 | 49.90 | 6.29 | 157.18 |
| OPM % | 4.3% | 2.8% | 3.4% | 4.2% | 2.8% | 0.4% | 9.8% |
| Profit Before Exceptional | 186.34 | 103.04 | 101.06 | 112.87 | 63.29 | 31.52 | 79.64 |
| Exceptional Items | -17.85 | 0.00 | 0.00 | -5.44 | -17.14 | 0.00 | 0.00 |
| Profit Before Tax + | 168.50 | 103.04 | 101.06 | 107.44 | 46.15 | 31.52 | 79.64 |
| Tax Expense | -3.97 | -36.87 | -9.96 | 4.36 | 5.42 | 13.37 | 7.75 |
| Tax % | -2.4% | -35.8% | -9.9% | 4.1% | 11.8% | 42.4% | 9.7% |
| Profit After Tax | 172.47 | 139.91 | 111.02 | 103.08 | 40.72 | 18.15 | 71.90 |
| EPS (Basic) | 184.50 | 149.67 | 118.77 | 110.27 | 43.57 | 19.42 | 76.91 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 1,858.93 | 1,620.73 | 1,387.41 | 1,029.10 | 934.95 | 851.74 | 0.00 |
| Property, Plant & Equipment | 1,259.58 | 986.18 | 836.11 | 690.33 | 664.73 | 581.17 | 0.00 |
| Capital Work in Progress | 104.88 | 212.13 | 177.71 | 42.98 | 47.84 | 47.02 | 0.00 |
| Non-Current Investments | 10.76 | 9.62 | 7.37 | 7.11 | 4.08 | 1.60 | 0.00 |
| Goodwill | 9.78 | 9.78 | 9.78 | 9.78 | 9.78 | 9.78 | 0.00 |
| Other Intangible Assets | 163.27 | 109.03 | 121.71 | 47.97 | 35.92 | 35.47 | 0.00 |
| Current Assets + | 1,576.17 | 1,240.25 | 1,213.58 | 836.56 | 611.46 | 510.62 | 0.00 |
| Inventories | 643.11 | 511.17 | 581.54 | 377.93 | 264.35 | 222.34 | 0.00 |
| Trade Receivables | 630.03 | 461.90 | 347.83 | 306.17 | 232.14 | 216.31 | 0.00 |
| Cash and Cash Equivalents | 24.94 | 9.09 | 31.52 | 7.18 | 15.53 | 2.84 | 0.00 |
| Current Investments | 0.26 | 0.35 | 0.48 | 0.25 | 0.26 | 0.21 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 917.50 | 774.28 | 671.55 | 583.58 | 491.74 | 460.43 | 0.00 |
| Equity Share Capital | 9.35 | 9.35 | 9.35 | 9.35 | 9.35 | 9.35 | 0.00 |
| Other Equity | 908.16 | 764.94 | 662.20 | 574.23 | 482.40 | 451.09 | 0.00 |
| Non-Current Liabilities | 446.41 | 451.27 | 410.50 | 212.32 | 169.73 | 101.00 | 0.00 |
| Current Liabilities | 2,071.19 | 1,635.43 | 1,518.95 | 1,069.76 | 884.94 | 800.92 | 0.00 |
| Total Liabilities | 2,517.60 | 2,086.69 | 1,929.45 | 1,282.09 | 1,054.66 | 901.93 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 372.56 | 316.08 | 132.38 | 107.67 | 107.99 | 76.21 | 0.00 |
| Cash from Investing Activities | -265.09 | 333.05 | -244.70 | -90.08 | -129.49 | -30.72 | 0.00 |
| Cash from Financing Activities | -91.62 | 636.60 | 136.70 | -25.95 | 34.19 | -50.60 | 0.00 |
| Net Increase/Decrease in Cash | 15.84 | 1,285.74 | 24.34 | -8.35 | 12.69 | -5.11 | 0.00 |