Belrise Industries Reports Record Quarterly PAT of INR 1,330 Million, Secures Major New Orders

Belrise Industries , a leading auto component manufacturer, has announced impressive financial results for the latest quarter, along with significant new order wins across various segments.

Financial Highlights

Belrise Industries achieved a record quarterly performance with Profit After Tax (PAT) reaching INR 1,330.00 million. The company reported a total revenue of INR 23,535.00 million, marking a 14% year-on-year increase. This growth was primarily driven by strong demand across automotive segments and benefits from the implementation of GST 2.0.

Key Financial Metrics

Metric	Q2 FY'26	YoY Growth
Total Revenue	INR 23,535.00 million	14%
Manufacturing Revenue	INR 18,601.00 million	17%
EBITDA	INR 2,962.00 million	22%
EBITDA Margin	12.60%	-
Manufacturing EBITDA	INR 2,663.00 million	25%
Manufacturing EBITDA Margin	14.30%	-
PAT	INR 1,330.00 million	82%
PAT Margin	5.70%	-

New Order Wins

Belrise Industries has secured several significant new orders, showcasing its expanding capabilities and market reach:

EV Platform Order: The company won an order from a leading two-wheeler OEM for their EV platform, covering chassis and Body in White (BIW) components. This order has led to the establishment of a new manufacturing facility in Chennai.
SUV Platform Order: Belrise secured an order from a major Indian passenger vehicle OEM for 37 BIW parts for their upcoming SUV platform. The content per vehicle for these parts is approximately INR 2,200.00.
Three-Wheeler EV Suspension: The company received an order for three-wheeler EV suspension from one of India's fastest-growing two and three-wheeler OEMs.
Commercial Vehicle Component: Belrise won an order for long members, a high-tensile structural component used in medium and heavy commercial vehicles, marking its entry into this segment.
Solar Structures: The company initiated supplies for solar structures to a large global solar tracker manufacturer, with initial orders for North America and potential expansion to India and Europe.
Defense Sector: Belrise secured incremental orders for an armored vehicle program for a leading Indian defense OEM, involving indirect exports to multiple Asian countries.

Strategic Expansion

Belrise Industries is actively expanding its presence in the four-wheeler and commercial vehicle segments. The company aims to double its revenues from FY '25 levels in these segments over the next two years. Additionally, Belrise is diversifying into non-automotive applications, including consumer electronics, aerospace and defense, and renewables.

Future Outlook

The management expressed confidence in the company's growth trajectory, supported by strategic investments and a commitment to advancing products and technologies. Belrise Industries is well-positioned to capitalize on the growing demand in the automotive sector and emerging opportunities in new segments.

As the auto component industry continues to evolve, Belrise Industries' focus on innovation, quality, and customer integration is expected to drive its growth across multiple segments in the coming years.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.11%	-0.66%	+3.45%	+56.30%	+64.15%	+64.15%

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

Particulars (₹ in crore)	Q2 FY26	Q2 FY25	YoY Change
Revenue from Operations	23,535.00	20,687.00	13.8%
EBITDA	2,962.00	2,433.00	21.8%
EBITDA Margin	12.6%	11.8%	+80 bps
Profit After Tax	1,330.00	732.00	81.5%
PAT Margin	5.7%	3.5%	+220 bps

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:

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.
Finalized an order with a top e-2W OEM for plastic molded parts from the Aurangabad facility.
Started production at the Bhiwadi plant, supplying plastic molded parts to a Japanese four-wheeler OEM.
Secured an order from a large Indian PV OEM for over 37 BIW parts for upcoming SUV platforms.
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:

Consolidation of businesses with similar product lines
Cost savings and improved operational efficiency
Simplification of the corporate structure
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.