Honda India Power Products reported a 22% year-on-year rise in revenue to ₹189.25 crore for the quarter ended June 30, 2026, driven by a sharp increase in export sales. Net profit grew 17% to ₹11.10 crore, while EBITDA expanded 71% to ₹14.40 crore as operating margins improved. The Board of Directors also approved the appointment of Sameer Jain as Chief Financial Officer, succeeding Vinay Mittal who is retiring.

Q1FY27 Financial Highlights

The company’s top-line growth was primarily fueled by international markets, where revenue surged nearly fourfold compared to the previous year. Domestic revenue remained relatively flat, indicating that the overall growth momentum is currently dependent on overseas demand. The following table outlines the key financial metrics for the quarter:

Export-Led Growth Trajectory

Revenue from contracts with customers outside India jumped to ₹58.40 crore in Q1FY27, up from ₹15.83 crore in the same period last year. In contrast, domestic revenue from India stood at ₹128.21 crore, slightly down from ₹137.62 crore year-on-year. This divergence highlights a strategic shift or market-specific strength in international territories, which accounted for approximately 31% of total contract revenue this quarter, compared to just 10% in Q1FY26.

Leadership Transition

The Board approved the appointment of Sameer Jain as Chief Financial Officer, effective October 1, 2026. He will replace Vinay Mittal, who is retiring from the company on September 30, 2026. Additionally, Mittal has resigned from his position as Whole Time Director, effective September 1, 2026. Jain brings nearly three decades of experience in business planning, treasury operations, and tax compliance, having previously been honored as "Finance Leader of the Year - Auto 2023".

Operational Efficiency and Margins

The significant expansion in EBITDA margin to 7.62% from 5.45% reflects improved cost management and operational leverage. While employee benefits expenses increased slightly to ₹35.06 crore from ₹34.13 crore, other expenses rose to ₹33.33 crore from ₹26.67 crore. Despite higher other expenses, the substantial volume growth in high-margin export sales helped drive overall profitability. The statutory auditors, B S R & Co. LLP, issued an unmodified limited review report on the unaudited financial results.

Honda India Power Products Limited has scheduled its 41st Annual General Meeting (AGM) for August 26, 2026, to be conducted through video conferencing and other audio-visual means. The meeting will allow shareholders to transact business without physical presence, in accordance with a Ministry of Corporate Affairs circular dated September 22, 2025.

The Board of Directors, at its meeting on May 26, 2026, recommended a final dividend of ₹23.00 per equity share (230%) for the financial year ended March 31, 2026. This dividend, if approved, will be paid to shareholders whose names appear in the register of members on August 19, 2026, which is the record date.

Shareholders can participate in the AGM and cast votes on resolutions using the remote e-voting system facilitated by National Securities Depository Limited (NSDL). The notice of the AGM and the Annual Report for 2025-26 are available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.

Members who have not registered their email addresses with the company or depository are requested to send their details to receive the AGM notice, annual report, and login credentials. The company has engaged M/s KFin Technologies Limited as the Registrar and Share Transfer Agent to assist with e-voting and dividend-related queries.

Key AGM Details

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE634A01018/15bf79d5537e44b6.pdf