Belrise Industries Limited , a leading automotive component manufacturer, has reported a strong financial performance for the second quarter of fiscal year 2026, with consolidated revenue growing by 20% year-on-year. The company has also announced plans to merge with its wholly-owned subsidiary, H-One India Private Limited, in a move aimed at streamlining operations and enhancing synergies.

Financial Highlights

For Q2 FY26, Belrise Industries posted consolidated revenue of ₹23,535.00 crore, marking a 20% increase from ₹20,687.00 crore in the same quarter last year. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 21.8% to ₹2,962.00 crore, with the EBITDA margin improving by 80 basis points to 12.6%.

Profit After Tax (PAT) saw a significant jump of 81.5% to ₹1,330.00 crore, compared to ₹732.00 crore in Q2 FY25. The PAT margin expanded by 220 basis points to 5.7%.

Key Performance Metrics

Operational Highlights

Belrise Industries' manufacturing revenue grew by 17% to ₹18,601.00 crore in Q2 FY26. The company's focus on high-margin specialty compounds and engineering plastics has contributed to its strong performance. Manufacturing EBITDA increased by 24.6% to ₹2,663.00 crore, with the manufacturing EBITDA margin improving to 14.3% from 13.4% in the same quarter last year.

The company reported that 73.1% of its manufacturing revenue comes from powertrain-neutral products, positioning it well for the evolving automotive landscape.

Expansion and New Orders

Belrise Industries has made significant strides in expanding its operations and securing new orders:

1. Commenced setup of a new facility in Chennai for a leading two-wheeler OEM to supply chassis systems and BIW parts for its EV platform.
2. Finalized an order with a top e-2W OEM for plastic molded parts from the Aurangabad facility.
3. Started production at the Bhiwadi plant, supplying plastic molded parts to a Japanese four-wheeler OEM.
4. Secured an order from a large Indian PV OEM for over 37 BIW parts for upcoming SUV platforms.
5. Ramped up facility supplying high-tensile long members for the M&HCV segment.

Merger Announcement

In a strategic move, Belrise Industries has announced plans to merge its wholly-owned subsidiary, H-One India Private Limited, with itself. The merger is expected to create synergies, optimize resource utilization, and streamline operations. Key benefits of the merger include:

1. Consolidation of businesses with similar product lines
2. Cost savings and improved operational efficiency
3. Simplification of the corporate structure
4. Better utilization of human resources and access to a larger talent pool

The merger is subject to necessary statutory and regulatory approvals.

Management Commentary

Shrikant Shankar Badve, Managing Director of Belrise Industries Limited, commented on the results: "We are pleased to announce that our H1 FY26 performance was marked by strong execution and growing customer confidence. We continued to build on our strengths in innovation, quality, and system integration. The positive demand environment, aided by the festive period, the GST 2.0 rollout, and favorable monsoon, further lifted industry sentiment, translating into solid business traction for us."

Outlook

With a strong order book and strategic initiatives in place, Belrise Industries appears well-positioned for continued growth. The company's focus on powertrain-agnostic products and expansion into new segments like EVs and defense bodes well for its future prospects in the evolving automotive landscape.

Investors and analysts will be watching closely to see how the proposed merger with H-One India Private Limited unfolds and its impact on the company's long-term growth trajectory.

Belrise Industries Limited , a leading automotive component manufacturer, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with key corporate developments.

Financial Performance

For the second quarter of FY26, Belrise Industries reported the following standalone results:

• Revenue from operations: Rs. 1,802.02 million
• Profit after tax: Rs. 1,225.63 million
• Earnings per share: Rs. 1.50 (face value of Rs. 5 per share)

For the half-year period ended September 30, 2025, the company achieved:

• Standalone revenue: Rs. 3,539.99 million
• Profit after tax: Rs. 2,253.91 million

Corporate Developments

Merger Scheme Approval

The Board of Directors has approved a scheme of amalgamation between H One India Private Limited, a wholly-owned subsidiary, and Belrise Industries Limited.

New Subsidiary

In August 2025, the company incorporated a new wholly-owned subsidiary named Belrise Defence and Aerospace Private Limited, potentially expanding its business interests into new sectors.

Business Overview

Belrise Industries specializes in manufacturing safety-critical systems and engineering solutions for various vehicle segments, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. The company's diverse product portfolio and focus on critical automotive components have likely contributed to its financial performance.

Market Implications

The financial results and corporate actions may impact investor sentiment towards Belrise Industries. The merger scheme and the establishment of a new subsidiary in the defence and aerospace sector could indicate the company's strategic expansion plans.

Future Outlook

The Q2 performance and corporate developments set a foundation for potential growth. Investors and analysts will likely monitor Belrise Industries' ability to leverage these changes and maintain its performance in the coming quarters.

As the automotive industry continues to evolve, Belrise Industries' ability to innovate and adapt to changing market demands, along with its expansion into new sectors, will be crucial for its future growth trajectory.