Igarashi Motors India Limited reported a sharp recovery in profitability for the first quarter of FY26, with net profit rising 170% year-on-year to ₹67.67 lakh. The Chennai-based manufacturer posted revenue from operations of ₹2,508.68 lakh, up 22.5% from ₹2,047.13 lakh in the corresponding quarter of the previous year. EBITDA for the quarter improved to ₹245M from ₹196M in the year-ago period, with EBITDA margin expanding to 9.77% from 9.60%. The strong bottom-line performance was underpinned by robust demand in the automotive segment and favorable tax adjustments.

The Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, at a meeting held on August 6, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by B S R & Co. LLP, the company's statutory auditors, who issued an unqualified report. The filing was submitted pursuant to Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations grew to ₹2,508.68 lakh in Q1FY26 from ₹2,047.13 lakh in Q1FY25. Total income stood at ₹2,518.37 lakh, including other income of ₹9.70 lakh. Profit before tax more than doubled to ₹71.57 lakh from ₹33.62 lakh in the prior-year period. Net profit after tax reached ₹67.67 lakh, compared to ₹25.10 lakh in Q1FY25. Earnings per share (basic and diluted) rose to ₹2.15 from ₹0.80. The income tax expense for the quarter was ₹3.90 lakh, which included a reversal of prior-year tax provision of ₹14.30 lakh arising from a favorable tax order.

The following table summarizes the key financial metrics for the quarter:

Segment Analysis

The company operates in two segments: Automotive and Non-Automotive. The Automotive segment remained the primary growth driver, contributing ₹21,803.59 lakh in revenue, up 22.9% from ₹177.30 million in Q1FY25. Segment results for Automotive rose to ₹280.80 lakh from ₹232.00 lakh. The Non-Automotive segment generated revenue of ₹3,283.23 lakh but returned to profitability with segment results of ₹2.40 lakh, compared to a loss of ₹5.90 lakh in Q1FY25.

What the Numbers Show

The significant jump in net profit relative to revenue growth indicates improved operational efficiency and margin expansion. While revenue grew by 22.5%, profit before tax surged by over 112%, and EBITDA margin expanded to 9.77% from 9.60%, suggesting better cost control or a higher-margin mix within the automotive component business. The reversal of ₹14.30 lakh in prior-year tax provisions provided an additional tailwind to the bottom line, though the core operating improvement remains the dominant factor. The return to profitability in the Non-Automotive segment further stabilizes the overall earnings profile.

Igarashi Motors India Limited will conduct its 34th Annual General Meeting (AGM) on Friday, August 07, 2026, at 10.00 a.m. IST via video conferencing and other audio-visual means. In compliance with MCA General Circular No. 03/2025, the meeting will be held without a physical venue, with the Registered Office serving as the deemed venue. The company has dispatched the Annual Report for FY 2025-26 and the AGM notice electronically to members on July 03, 2026.

The Register of Members will remain closed from August 01, 2026, to August 07, 2026, for the purpose of the final dividend for the financial year ended March 31, 2026, and the AGM. Shareholders whose names appear on the register of members as on July 31, 2026, the record date, will be entitled to the final dividend if declared at the meeting. The dividend will be paid on or after August 07, 2026.

E-Voting and Participation Details

The company has provided facilities for remote e-voting and e-voting during the AGM. Members eligible to vote are those whose names appear in the register of members or the register of beneficial owners maintained by depositories as on the cut-off date of July 31, 2026. CDSL has been engaged to facilitate the remote e-voting and e-voting system during the AGM.

Members who cast their vote via remote e-voting prior to the AGM may attend the meeting but will not be entitled to vote again. Those who have not voted remotely can vote through e-voting during the AGM. M/s. BP & Associates, Company Secretaries, has been appointed as the scrutinizer to ensure the e-voting process is conducted fairly and transparently.

The results of the e-voting will be announced within two working days from the conclusion of the AGM and will be communicated to the stock exchanges. The company has advised members who have not registered their email addresses to update them with their Depository Participant or Registrar & Share Transfer Agent to receive communications.