Divgi Torqtransfer Systems Limited reported a 92% year-on-year increase in profit after tax to ₹469.26 million for the fiscal year ended March 31, 2026, driven by strong product acceptance and market expansion. Total income rose 56% to ₹3,751.71 million, while revenue from operations grew 61% to ₹3,751.71 million. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 25, 2026. The Statutory Auditors have issued an unmodified opinion on the audited financial results. The company published an extract of the audited financial results in the Financial Express (All editions) and Loksatta (Pune edition) on May 27, 2026, pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the audio recording of the Earnings Call held on May 27, 2026, has been uploaded to the company's website.
Financial Performance
Operational efficiency improved significantly, with EBITDA growing 58% to ₹923 crore and EBITDA margins remaining stable at approximately 24.6%. For the fourth quarter of FY26, revenue stood at ₹1,137.98 million compared to ₹640.86 million in the same period last year, while PAT for the quarter rose to ₹154.81 million from ₹53.52 million year-on-year. Q4 EBITDA surged to ₹216 million from ₹86 million in the year-ago period, with EBITDA margins expanding to 20.1% from 14.75%.
The following table summarises the full-year financial highlights:
| Metric: |
FY26 |
FY25 |
YoY Growth |
| Total Income: |
₹3,751.71 million |
₹2,401.28 million |
56% |
| Revenue from Operations: |
₹3,751.71 million |
₹2,401.28 million |
61% |
| EBITDA: |
₹923 crore |
₹586 crore |
58% |
| Profit After Tax: |
₹469.26 million |
₹243.92 million |
92% |
The quarterly performance for Q4 is summarised below:
| Q4 Metric: |
Q4 FY26 |
Q4 FY25 |
| Revenue: |
₹1,137.98 million |
₹640.86 million |
| EBITDA: |
₹216 million |
₹86 million |
| EBITDA Margin: |
20.1% |
14.75% |
| Net Profit: |
₹154.81 million |
₹53.52 million |
Strategic Initiatives
Divgi TorqTransfer Systems Limited signed a Memorandum of Understanding (MoU) with BITS Pilani to establish a Centre of Excellence for Automotive Transmission Engineering (CREATE). This collaboration aims to focus on next-generation transmission technologies, including EV, automatic, and manual systems. The Board also approved the incorporation of a Wholly Owned Subsidiary in the United States of America with an initial investment of up to ₹3 crore to strengthen its long-term capital base and support business development, sales, and marketing.
Management highlighted that the company delivered the highest ever total revenue in its history, crossing INR375 crores. The quarterly revenue run rate nearly doubled over the last few quarters, increasing from around INR55 crores to over INR110 crores in Q4 FY26. The Transfer Case business emerged as the primary growth driver, supported by increasing adoption of 4-wheel drive systems and successful new vehicle launches. The company secured Transfer Case orders for Mahindra's Scorpio pickup and Tata Motors' Yodha pickup platforms. Additionally, the company received a nomination from a leading Japanese OEM for the development of transfer cases for an iconic global pickup truck platform, with SOP targeted in FY28.
The Components and Exports segment nearly doubled in revenue during the year, with exports increasing sharply to nearly 18% of total revenue. The company is actively evaluating opportunities in the 3-wheeler electrification segment and is in advanced discussions for a technology transfer agreement with a leading global OEM to bring automatic transmission technology to India. The Board has recommended a final dividend of INR3.27 per equity share of INR5 each for FY26, subject to shareholders' approval.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE753U01022/da092e2e6b1e462c.pdf
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