Fiem Industries Limited, a leading automotive lighting manufacturer, has reported a robust financial performance for the first quarter of fiscal year 2026, with significant growth in revenue and profit.

Financial Highlights

• Revenue increased by 13.16% year-over-year to Rs. 649.07 crore, up from Rs. 573.61 crore in Q1 FY25.
• Profit After Tax (PAT) grew by 13.92% to Rs. 56.05 crore, compared to Rs. 49.20 crore in the same period last year.
• EBITDA reached Rs. 87.36 crore with a margin of 13.46%.

LED Lighting Dominance

LED lighting continues to be a major growth driver for Fiem Industries, now representing 63.92% of the company's total automotive lighting sales. This shift towards LED technology is expected to further boost the company's revenue and market position.

Strong Customer Demand

The company's growth was fueled by robust demand from key OEM customers, including:

• TVS
• Royal Enfield
• Yamaha (sales increased by 20% year-over-year)

Four-Wheeler Business Expansion

Fiem Industries is making significant strides in expanding its four-wheeler business:

• Received development orders for three additional products from Force Motors.
• Commenced commercial production for Mahindra, with the first product being an LED license plate lamp.

Technology Investments

The company is investing in cutting-edge technology to maintain its competitive edge:

• Installing an EMC/EMI electronic validation laboratory, set to be the first of its kind in the Indian automotive lighting industry.
• Planning to add 10 new SMT lines over the next 1-2 years.

Future Outlook

• Management maintains confidence in achieving 15-20% annual growth.
• The two-wheeler industry is expected to grow by 6-10% in the current fiscal year.
• Fiem Industries is well-positioned to capitalize on the industry's recovery through its technology investments and customer partnerships.

CAPEX Plans

The company has outlined a CAPEX plan of Rs. 75-100 crores for the current year, which includes:

• New facility planning
• Investment in SMT lines
• Other growth-oriented initiatives

Fiem Industries' strong performance in Q1 FY26 demonstrates its resilience and strategic positioning in the automotive lighting sector. With its focus on LED technology, expansion into the four-wheeler segment, and ongoing investments in advanced manufacturing capabilities, the company is well-prepared to capitalize on the growing demand in the automotive industry.

Fiem Industries Limited, a leading manufacturer of automotive lighting and signaling equipment, has reported strong financial results for the first quarter, demonstrating robust growth in both revenue and profitability.

Revenue Growth

The company achieved total sales of Rs 649.07 crore in Q1, representing a significant 13.16% growth compared to Rs 573.61 crore in the same quarter last year. This impressive performance was primarily driven by the automotive segment, which saw a 13.27% increase in sales, reaching Rs 647.26 crore compared to Rs 571.45 crore in the corresponding quarter of the previous year.

Profit Enhancement

Fiem Industries' net profit for Q1 rose to Rs 56.05 crore, marking a 13.92% increase from Rs 49.20 crore in the corresponding quarter of the previous year. This growth in profitability aligns well with the company's revenue expansion, indicating improved operational efficiency.

Segment Performance

The automotive segment, which comprises automotive lighting, signaling equipment, rear view mirrors, and plastic molded parts, continued to be the primary growth driver for Fiem Industries. This segment accounted for 99.72% of the company's total sales in Q1, underlining its significance in the overall business strategy.

Sequential Performance

Compared to the previous quarter, Fiem Industries demonstrated steady growth:

• Total sales increased by 2.41%, from Rs 633.80 crore to Rs 649.07 crore.
• The automotive segment grew by 2.36%, from Rs 632.33 crore to Rs 647.26 crore.

Financial Highlights

Outlook

The strong start positions Fiem Industries well for the remainder of the fiscal year. The company's continued dominance in the automotive segment, particularly in lighting and signaling equipment, indicates a positive outlook for sustained growth. However, investors and analysts will likely keep a close watch on factors such as raw material costs, industry demand, and broader economic conditions that could impact future performance.

Fiem Industries' ability to maintain its growth trajectory and further improve profitability will be crucial as it navigates the evolving automotive components landscape in the coming quarters.