Munjal Auto Q1 Results: Consolidated profit rises 48% YoY
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































