India Motor Parts & Accessories reported a year-on-year improvement in profitability and top-line growth for the quarter ended June 30, 2026, with net profit rising to ₹21.70 crore, up from ₹20.41 crore in the corresponding period of the previous year. Revenue from operations expanded by 19.1% to ₹234.29 crore, reflecting strong demand in its automotive spares segment.

The Board of Directors approved the unaudited standalone financial results on July 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Statutory Auditors, M/s Brahmayya & Co., Chartered Accountants, under Standard on Review Engagement (SRE) 2410.

Q1FY27 Financial Performance

The company’s net revenue from operations stood at ₹234.29 crore, compared to ₹196.69 crore in Q1FY26. Other income contributed ₹9.67 crore, bringing total income to ₹243.96 crore. Total expenses increased to ₹216.52 crore from ₹182.99 crore, primarily due to higher cost of materials consumed at ₹196.96 crore and purchases of stock-in-trade at ₹197.63 crore.

Profit before tax rose to ₹27.44 crore from ₹25.67 crore. After accounting for a total tax expense of ₹5.74 crore, profit after tax reached ₹21.70 crore. Earnings per share (basic and diluted) were ₹17.38, up from ₹16.35 in the prior year quarter.

Operational Insights

The company operates exclusively in the sale and distribution of automotive spares. The increase in revenue was accompanied by a proportional rise in material costs, indicating healthy order inflows. Employee benefits expense increased modestly to ₹10.68 crore from ₹9.56 crore, while depreciation remained stable at ₹0.41 crore. Finance costs remained nil, highlighting the company’s debt-free operational structure.

What the Numbers Show

The divergence between revenue growth (19.1%) and net profit growth (6.3%) suggests margin compression due to higher input costs. However, the absolute profit increase confirms volume-driven growth in the automotive aftermarket sector. The significant positive movement in other comprehensive income, driven by fair value changes in equity instruments, boosted total comprehensive income to ₹179.13 crore, though this is non-operational in nature.

India Motor Parts & Accessories Limited held its 72nd Annual General Meeting on July 21, 2026, through video conferencing, where shareholders approved the audited financial statements for the year ended March 31, 2026. The company reported a revenue growth of 6.12% for the financial year 2025-2026, despite competitive pressures and the West Asia crisis. To maintain market share, the firm expanded its distribution network by opening ten additional branches, bringing the total count to 80 branches across the country.

The Board recommended a final dividend of ₹23 per share, subject to shareholder approval. This follows an interim dividend of ₹10 per share paid in February 2026, aggregating the total dividend for FY26 to ₹33 per share. The company also approved a material related party transaction with Brakes India Private Limited valued at ₹500 crores.

Business Transacted

The meeting transacted four key resolutions, including the adoption of financial statements and the re-appointment of Srivats Ram as Director, who retires by rotation. The statutory auditors, Brahmayya & Co., presented an unmodified report on the financial statements. The scrutinizer for the e-voting process was M Damodaran of M Damodaran & Associates LLP.

Outlook

Looking ahead to 2026-27, the company expects sustained growth in the automotive aftermarket driven by expanding service networks and the increasing vehicle parc in both passenger and commercial vehicle segments. Management noted that liquidity remains tight but is expected to improve in the second half of the financial year. However, the El Nino phenomenon poses a potential risk to consumption in rural and farm sectors due to a delayed monsoon.