Belrise Industries Limited reported a consolidated net profit of ₹122 million for the quarter ended June 30, 2026, an increase from ₹111.6 million in the corresponding period of the previous fiscal year. Revenue grew to ₹2,540 million from ₹2,260 million year-on-year. Earnings before interest, tax, depreciation, and amortization (EBITDA) totaled ₹293 million, reflecting a margin of 11.52%, down from 12.4% in Q1FY26.

The company has scheduled an earnings conference call with analysts and investors for Monday, August 17, 2026, at 11:00 am IST to discuss these unaudited financial results. The presentation materials will be uploaded to the company’s website prior to the event. This communication is issued pursuant to Regulation 30 and Regulation 46 read with Part A Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue growth outpaced EBITDA growth, leading to a contraction in operating margins. While the top line expanded by approximately 12%, the bottom line saw a more modest increase, indicating pressure on operational efficiency or cost structures during the quarter.

Conference Call Details

Senior management officials scheduled to participate include Shrikant Badve, Managing Director; Sumedh Badve, President (Strategy); Swastid Badve, General Manager; Rahul Ganu, Chief Financial Officer; and Sunil Kulkarni, Chief Marketing Officer.

Investors can access the call via the following numbers:

• India: +91 22 6280 1309 / +91 22 7115 8210
• United States: 1 866 746 2133
• United Kingdom: 0 808 101 1573
• Singapore: 800 101 2045
• Hong Kong: 800 964 448

Time zone conversions for international participants are 1:30 pm HK/SG, 6:30 am UK, and 1:30 am EST. Pre-registration is available through Strategic Growth Advisors Pvt. Ltd., with Deven Dhruva and Krisha Shrimankar listed as contact persons for RSVP purposes.

Belrise Industries has acquired the India Tipper Body business from Hyva (India) Private Limited, a subsidiary of JOST Werke SE, for a consideration of USD 5.65 million (approximately INR 543.88 million). The Board of Directors approved the transaction on August 04, 2026, marking a strategic expansion into the commercial vehicle segment and reinforcing Belrise's position as a Tier-0.5 supplier. The deal is valued at an Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) multiple of approximately 3.60x.

The acquisition is structured as a slump sale under a Business Transfer Agreement (BTA). Management stated that the transaction will allow Belrise to leverage synergies in fabrication, engineering, procurement, and manufacturing capabilities. The acquired business delivered an EBITDA of approximately USD 1.57 million for calendar year 2025 (CY2025), with a return on average capital employed (ROACE) of around 20%. The business serves all five top commercial vehicle original equipment manufacturers (OEMs) in India and operates through three manufacturing facilities in Pune, Jamshedpur, and Bangalore.

Transaction Details

The following table summarises the key parameters of the acquisition:

The company disclosed the transaction pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additional disclosures were made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Board meeting commenced at 10:45 am and concluded at 11:02 am on August 04, 2026.

Strategic Rationale

The acquisition aligns with Belrise Industries' strategy to broaden its presence in the commercial vehicle sector and deepen its footprint in high-growth areas such as construction, mining, defense, and infrastructure. By integrating Hyva's India Tipper Body business, Belrise aims to strengthen its capabilities in structural and load-bearing applications. Swastid Badve, General Manager at Belrise Industries, stated that the acquisition complements the company's manufacturing and engineering strengths and supports its vision of becoming a diversified global mobility solutions provider.

No special rights, such as the appointment of directors or restrictions on capital structure changes, were attached to the agreement. The parties confirmed there are no potential conflicts of interest arising from this transaction. Following the sale, Hyva will continue to own, operate, and invest in its Tipping Kits and Hydraulic Systems business in India.

What the Numbers Show

The acquisition price implies a valuation multiple of approximately 3.60x based on the target's CY2025 EBITDA of USD 1.57 million. This multiple suggests a conservative entry point relative to typical industrial multiples, potentially offering quick accretion to Belrise's earnings given the target's reported ROACE of around 20%. The addition of three manufacturing facilities expands Belrise's operational scale in key industrial hubs, while the inclusion of a key European commercial vehicle OEM in its customer portfolio diversifies its revenue base beyond domestic clients.