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
-0.27%	+6.54%	+7.17%	+65.18%	+65.18%	+65.18%

Belrise Industries , a recent entrant to the public markets, has submitted its quarterly IPO fund utilization report for the September quarter, demonstrating adherence to its stated objectives. The company, which raised Rs 21,500 million through its initial public offering (IPO) in May, has reported no deviations in the use of funds.

Key Highlights of Fund Utilization

Debt Repayment: The company utilized Rs 15,960.21 million for repayment of outstanding borrowings, slightly lower than the initially allocated Rs 16,181.27 million.
General Corporate Purposes: Rs 2,532.03 million was deployed for general corporate purposes during the quarter, bringing the total utilization under this category to Rs 4,321.64 million.
Remaining Funds: As of September 30, Rs 956.13 million remains unutilized and is parked in bank accounts.

Detailed Breakdown of Fund Utilization

Particulars	Original Allocation (Rs million)	Amount Utilized (Rs million)	Unutilized Amount (Rs million)
Debt Repayment	15,960.21	15,960.21	0.00
General Corporate Purposes	4,325.91	4,321.64	4.27
Issue Expenses	1,213.88	262.02	951.86
Total	21,500.00	20,543.87	956.13

Monitoring Agency Confirmation

CRISIL, the appointed monitoring agency, has confirmed the proper utilization of the IPO proceeds. The company's adherence to its stated objectives underscores its commitment to transparency and responsible financial management.

General Corporate Purposes Utilization

The funds allocated for general corporate purposes were utilized as follows:

Rs 1,353.18 million for maintenance and upkeep of manufacturing facilities
Rs 962.55 million for working capital requirements, including raw material purchases and statutory payments
Rs 216.30 million for meeting corporate contingencies and ordinary business expenses

Management Statement

In its filing with the stock exchanges, Belrise Industries stated, "The issue was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. The unutilised proceeds have been temporarily invested/parked in bank accounts, deposits, bonds and commercial paper."

The company's proactive disclosure and adherence to its stated objectives may instill confidence among investors regarding its financial discipline and transparency. As Belrise Industries continues to deploy the remaining funds, market observers will likely keep a close watch on how these investments translate into the company's operational and financial performance in the coming quarters.

Note: All figures are based on the company's regulatory filings and are subject to audit and further financial reporting.