Munjal Auto Q1 Results: Consolidated profit rises 48% YoY

2 min read     Updated on 12 Aug 2026, 05:04 PM
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Munjal Auto Industries posted a 48% YoY rise in consolidated net profit to ₹285.03 lakh in Q1FY27, driven by a 42% jump in revenue to ₹699.01 crore. Standalone profits more than doubled, aided by ₹16.23 crore in unrealized investment gains. The Board approved the results on August 12, 2026, reviewed by statutory auditors K C Mehta & Co LLP.

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Munjal Auto Industries reported a consolidated net profit of ₹285.03 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 48% increase from ₹193.14 lakh in the same period last year. Revenue from operations grew 42% year-on-year to ₹699.01 crore, reflecting strong demand across its manufacturing segments. Standalone net profit rose 140% YoY to ₹200.71 lakh, supported by higher operational efficiency and significant unrealized gains on investments.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 12, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, K C Mehta & Co LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Ind AS-34 "Interim Financial Reporting" and other accounting principles generally accepted in India.

Financial Performance

Consolidated revenue from operations stood at ₹699.01 crore in Q1FY27, compared to ₹491.01 crore in Q1FY26. Other income contributed ₹20.38 crore, bringing total income to ₹719.40 crore. Total expenses were ₹684.19 crore, resulting in a profit before tax of ₹352.10 crore. After accounting for tax expenses of ₹67.06 crore, the consolidated profit after tax reached ₹285.03 crore.

Metric Q1FY27 (₹ Cr) Q1FY26 (₹ Cr) YoY Change
Revenue from Operations 699.01 491.02 +42%
Profit Before Tax 35.21 17.58 +100%
Net Profit After Tax 28.50 19.31 +48%

On a standalone basis, revenue from operations increased to ₹415.39 crore from ₹296.76 crore in the previous year. Standalone profit before tax was ₹23.76 crore, leading to a net profit of ₹20.07 crore. Basic earnings per share (EPS) stood at ₹2.01, up from ₹0.84 in Q1FY26.

Segment Analysis

The Group operates through two reportable segments: Manufacturing of Auto Components and Manufacturing of Composite Products & Moulds. Both segments contributed significantly to the revenue growth. Auto Components segment revenue rose to ₹415.39 crore, while Composite Products and Moulds segment revenue grew to ₹283.63 crore.

Segment profit before tax and interest for Auto Components was ₹22.76 crore, compared to ₹8.97 crore in Q1FY26. The Composite Products and Moulds segment reported a segment profit of ₹22.84 crore, down from ₹17.13 crore in the prior year quarter, indicating stable profitability despite volume changes. Total segment assets increased to ₹1,633.39 crore from ₹1,416.31 crore in Q1FY26.

What the Numbers Show

The surge in standalone net profit was partly driven by non-operational factors. During Q1FY27, the Company recognized an unrealized mark-to-market gain of ₹16.23 crore on its mutual fund investments, classified under Other Income. This contrasts with a mark-to-market loss of ₹14.06 crore recognized in the preceding quarter. While operational revenues grew robustly, the volatility in investment gains highlights the impact of market fluctuations on the bottom line. Additionally, the Company continues to monitor developments regarding the new Labour Codes effective from November 21, 2025, which led to provisions for past service costs related to gratuity and leave encashment in the previous fiscal year.

Historical Stock Returns for Munjal Auto Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.15%-4.06%-5.54%+25.64%+34.91%+64.74%

How sustainable is the 42% revenue growth given the current automotive demand cycles, and what is the company's guidance for Q2FY27?

What is the expected impact of the new Labour Codes effective November 2025 on Munjal Auto's long-term operational costs and margin structure?

Will management continue to rely on mark-to-market gains from mutual fund investments to boost standalone profits, or will they adjust their investment strategy?

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Munjal Auto Industries Announces 41st AGM, E-Voting Window and Book Closure Details

3 min read     Updated on 08 Aug 2026, 01:01 PM
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Munjal Auto Industries Limited has scheduled its 41st Annual General Meeting for August 31, 2026, via Video Conferencing/OAVM, with remote e-voting facilitated through CDSL from August 28 to August 30, 2026. The Board has recommended a dividend of Rs. 1/- per equity share of face value Rs. 2/- each for the financial year ended March 31, 2026, subject to AGM approval. The record date for dividend entitlement has been fixed as August 20, 2026, and the share transfer books will remain closed from August 21 to August 31, 2026. The AGM notice was published in Business Standard (Ahmedabad Edition) and Loksatta-Jansatta (Vadodara Edition) on August 8, 2026.

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Munjal Auto Industries Limited has announced the convening of its 41st Annual General Meeting, scheduled for Monday, August 31, 2026, at 3.00 p.m. (IST). The meeting will be held through Video Conferencing ('VC') / Other Audio-Visual Means ('OAVM'), in line with applicable regulatory provisions. The company dispatched the Notice of the 41st AGM along with a web-link to access the Annual Report 2025-26 on Friday, August 07, 2026, through electronic mode to members whose e-mail addresses are registered with the Company, Registrar & Transfer Agent, or Depository Participants.

The Annual Report 2025-26, along with the Notice and Explanatory Statement of the 41st AGM, is available on the company's website at https://munjalauto.com/finance/annual-reports/ and on the websites of the stock exchanges at www.bseindia.com and www.nseindia.com . A copy is also available on the website of Central Depository Services (India) Limited ('CDSL') at www.evotingindia.com . Members who have not registered their email addresses may access the Annual Report through the web-link communicated as per Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remote E-Voting Facility

In compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has appointed CDSL to facilitate voting through electronic means. The remote e-voting facility will be available both before and during the AGM. The following table outlines the key e-voting schedule and cut-off date:

Parameter: Details
Commencement of Remote E-Voting: Friday, August 28, 2026, at 9:00 A.M. (IST)
Conclusion of Remote E-Voting: Sunday, August 30, 2026, at 5:00 P.M. (IST)
Cut-off Date (Voting Rights): Thursday, August 20, 2026
Scrutiniser: Mr. Devesh A. Pathak, M/s. Devesh Pathak & Associates (FCS 4559)

Members are advised that voting rights will be in proportion to their share of the paid-up equity share capital as on the cut-off date of Thursday, August 20, 2026. Once a vote is cast, it cannot be changed subsequently. Members who have cast their vote by remote e-voting prior to the meeting may attend the meeting electronically but shall not be entitled to vote on such resolutions again.

Dividend and Record Date

The Board of Directors, at its meeting held on May 27, 2026, has recommended a dividend of Rs. 1/- per equity share having a face value of Rs. 2/- each for the financial year ended March 31, 2026. The dividend, if approved at the AGM, will be paid subject to deduction of tax at source ('TDS') within 30 days of declaration. The company has fixed Thursday, August 20, 2026, as the Record Date for determining the entitlement of members to the dividend.

Book Closure

Pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the Listing Regulations, the register of members and share transfer books of the company will remain closed for the purpose of the 41st AGM as detailed below:

Parameter: Details
Book Closure Start Date: Friday, August 21, 2026
Book Closure End Date: Monday, August 31, 2026 (both days inclusive)
Purpose: 41st Annual General Meeting

Helpdesk Information

Members requiring assistance with the remote e-voting process may contact CDSL or the respective depositories through the following channels:

Login Type: Helpdesk Details
Securities with NSDL: evoting@nsdl.com or call 022-4886 7000 / 022-2499 7000
Securities with CDSL: helpdesk.evoting@cdsindia.com or call 1800 21 09911
General E-Voting Queries: helpdesk.evoting@cdsindia.com or call 1800225533 / 022-23023333

The newspaper publication of the AGM notice, e-voting information, and book closure details was published in Business Standard, Ahmedabad Edition (English Language) and Loksatta-Jansatta, Vadodara Edition (Gujarati Language) on Saturday, August 8, 2026. The communication was signed by Gauri Y. Bapat, Company Secretary (ACS 22782), on behalf of Munjal Auto Industries Limited.

Historical Stock Returns for Munjal Auto Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.15%-4.06%-5.54%+25.64%+34.91%+64.74%

How does the recommended dividend of Rs. 1 per share compare to Munjal Auto's payout ratios in previous years, and what does this signal about management's confidence in future cash flows?

Given the automotive sector's current transition toward EVs, what specific capital expenditure or strategic initiatives are likely to be highlighted in the Annual Report 2025-26?

Will the board propose any new resolutions regarding share buybacks, rights issues, or changes in directorship that could impact shareholder value at this AGM?

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