India Motor Parts & Accessories Limited has reported its audited standalone financial results for the quarter and year ended March 31, 2026, following a board meeting held on May 8, 2026. The company delivered solid year-on-year performance across key metrics for both the quarter and the full financial year, while also recommending a final dividend and announcing its upcoming Annual General Meeting.

Q4 Financial Performance

The company posted healthy top-line and bottom-line growth in Q4, with revenue and net profit both rising on a year-on-year basis. The following table summarises the key standalone financial metrics for the quarter:

The Q4 net profit of ₹33.46 Cr represents a significant improvement over ₹23.93 Cr in the same quarter of the previous year. It is worth noting that Q4 FY25 profit before tax included an exceptional item of ₹2.67 Cr, which was absent in Q4 FY26.

Full-Year FY26 Performance

For the full financial year ended March 31, 2026, India Motor Parts & Accessories reported broad-based growth across revenue and profitability metrics. The table below presents the annual standalone financial highlights:

The company's annual net profit rose to ₹96.55 Cr from ₹83.67 Cr in the prior year. The total tax expense for FY26 stood at ₹17.90 Cr, lower than ₹21.19 Cr in FY25, partly aided by a tax provision reversal relating to earlier years of ₹3.83 Cr. The paid-up equity share capital remained unchanged at ₹12.48 Cr, with reserves (excluding revaluation reserves) standing at ₹2,295.69 Cr as at March 31, 2026.

Balance Sheet Highlights

The standalone statement of assets and liabilities as at March 31, 2026 reflects a strong financial position. Key balance sheet metrics are presented below:

Non-current financial assets include equity instrument investments of ₹2,000.53 Cr and other investments of ₹182.79 Cr. Current assets comprised inventories of ₹97.00 Cr, trade receivables of ₹106.39 Cr, and cash and cash equivalents of ₹24.52 Cr. Total current liabilities declined sharply to ₹36.70 Cr from ₹67.38 Cr, primarily reflecting a reduction in trade payables to creditors other than micro and small enterprises from ₹52.50 Cr to ₹26.21 Cr.

Cash Flow Summary

The standalone cash flow statement for the year ended March 31, 2026 highlights the following key movements:

Dividend income received during FY26 stood at ₹25.77 Cr, while interest income from bank deposits and others amounted to ₹13.18 Cr. Investments in mutual funds and others during the year totalled ₹802.63 Cr, with proceeds from sale and redemption of such investments at ₹790.66 Cr.

Dividend and Annual General Meeting

The board of directors has recommended a final dividend of ₹23 per equity share of ₹10 each (230%) for FY2025-26, subject to shareholder approval at the ensuing 72nd Annual General Meeting. Including the interim dividend of ₹10 per share already paid, the total dividend for FY2025-26 aggregates to ₹33 per share. The record date for the purpose of dividend and AGM has been fixed as July 14, 2026, and the 72nd AGM is scheduled to be held on July 21, 2026 through Video Conferencing / Other Audio-Visual Means.

Auditor's Report and Regulatory Compliance

The standalone financial results were reviewed by the Audit Committee and subsequently approved by the board at its meeting held on May 8, 2026. The statutory auditors, M/s. Brahmayya & Co., Chartered Accountants, have issued an unmodified opinion on the standalone financial results for the year ended March 31, 2026, in accordance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates in a single segment — the sale and distribution of automotive spares — and these results have been prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013. The official communication was signed by Managing Director Mukund S Raghavan (DIN: 03411396) and Company Secretary & Compliance Officer R Swetha, from the company's registered office at Sundaram Towers, 46, Whites Road, Chennai.

India Motor Parts & Accessories Limited has announced a key leadership transition at the board level, filing an intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The development, communicated to both the National Stock Exchange of India Limited and BSE Limited, pertains to the resignation of the Company's Chairman and the subsequent appointment of a new Chairman, both effective May 2026.

Resignation of Chairman & Non-Executive Director

Sri S Ram, who served as Chairman & Non-Executive Director (DIN: 00018309), tendered his resignation with effect from the close of business hours on 8th May, 2026. In his resignation letter addressed to the Board of Directors, Sri S Ram cited his advancing age as the reason for stepping down from the position of Chairman and Director. The Board formally recorded its appreciation for the valuable guidance rendered by Sri S Ram during his tenure as Chairman of the Company.

The following table summarises the key details of the resignation as disclosed under Regulation 30:

Appointment of New Chairman

Following Sri S Ram's resignation, the Board appointed Sri Srivats Ram (DIN: 00063415), an existing Non-Executive Director of the Company, as the new Chairman. The appointment is effective from 9th May, 2026, for a term of 5 (five) years.

The key details of the appointment are as follows:

Regulatory Disclosure

The intimation was filed by R Swetha, Company Secretary & Compliance Officer of India Motor Parts & Accessories Limited, on 8th May, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023. The disclosure was simultaneously communicated to the listing departments of both the National Stock Exchange of India Limited and BSE Limited.