SAL Automotive Reports Q2 Growth, Approves Expansion Plans

SAL Automotive Limited , a key player in the automobile components and agriculture implements sectors, has reported a robust performance for the second quarter and half-year ended September 30, 2025. The company's Board of Directors has also given the green light to significant expansion plans, signaling confidence in future growth prospects.

Financial Highlights

For the quarter ended September 30, 2025, SAL Automotive reported:

Particulars	Q2 2025 (Rs. in lakhs)	Q2 2024 (Rs. in lakhs)	YoY Change
Income from Operations	10,784.00	9,441.00	14.2%
Total Income	10,805.00	9,457.00	14.3%
Net Profit After Tax	186.00	157.00	18.5%

The company's performance shows a notable year-on-year improvement, with income from operations increasing by 14.2% and net profit after tax growing by 18.5% compared to the same quarter in the previous year.

Half-Year Performance

For the half-year ended September 30, 2025:

Particulars	H1 2025 (Rs. in lakhs)	H1 2024 (Rs. in lakhs)	YoY Change
Income from Operations	20,787.00	19,463.00	6.8%
Total Income	20,825.00	19,493.00	6.8%
Net Profit After Tax	272.00	305.00	-10.8%

While the half-yearly results show growth in income, there has been a slight decline in net profit after tax compared to the previous year.

Segment-wise Performance

SAL Automotive operates in two primary segments:

Automobile Components: This segment, which includes tractor seats, LCV seats, seat mechanisms, and seat frames for passenger and commercial vehicles, reported revenue of Rs. 8,794.00 lakhs for H1 2025.
Agriculture Implements: This segment, comprising rotavators, tractor trailers, box scrappers, and rotary tillers, generated revenue of Rs. 11,993.00 lakhs for H1 2025.

Expansion Plans

The Board of Directors has approved two significant expansion initiatives:

A new satellite plant at Haridwar for the seat frames business.
A new shed at the Nabha plant with a 1,00,000 square feet area for capacity enhancement.

These expansions aim to boost the company's production capabilities and meet growing market demands.

Capital Structure Update

In April 2025, SAL Automotive issued bonus shares in the ratio of 1:1, allotting 23,97,713 equity shares to eligible shareholders. This has resulted in an increase in the number of fully paid equity shares and a corresponding increase in paid-up share capital.

Financial Position

As of September 30, 2025:

Total Assets: Rs. 14,513.00 lakhs
Total Equity: Rs. 4,454.00 lakhs
Current Liabilities: Rs. 9,465.00 lakhs

The company maintains a strong balance sheet, providing a solid foundation for its expansion plans.

SAL Automotive's Q2 results and expansion plans reflect its commitment to growth and adaptation to market demands in both the automobile components and agriculture implements sectors. The approved expansions are expected to strengthen the company's market position and potentially drive future revenue growth.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.68%	+3.54%	-1.30%	-8.01%	-16.56%	+221.58%

SAL Automotive Limited has announced significant board-level changes and released its financial results for the first quarter of the fiscal year 2025-26. The company's Board of Directors made these decisions during a meeting held on August 12, 2025.

Board Reappointments

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has approved two key reappointments, subject to shareholder approval:

Mr. Kailash Nath Agarwal (DIN: 08829437) has been reappointed as an independent director for a second term of five years, effective from August 20, 2025, to August 19, 2030. Mr. Agarwal, a practicing advocate and retired Assistant Labour Commissioner from the UP Government, brings over 35 years of experience in the Labour Department to the board.
Ms. Namrata Jain (DIN: 07310949) has been reappointed as a whole-time director, designated as Executive Director Finance & CFO, for a term from November 11, 2025, to November 10, 2028. Ms. Jain is a finance professional with over 15 years of experience in corporate finance, project evaluation, and capital structuring.

Q1 FY2026 Financial Highlights

SAL Automotive Limited has also released its unaudited financial results for the quarter ended June 30, 2025:

Particulars (Rs. in Lakhs)	Q1 FY2026	Q1 FY2025	YoY Change
Income from Operations	10,003.00	8,811.00	13.53%
Total Income	10,036.00	8,935.00	12.32%
Total Expenses	9,826.00	8,789.00	11.80%
Profit Before Tax	210.00	146.00	43.84%
Net Profit After Tax	148.00	94.00	57.45%
EPS (Basic & Diluted)*	1.79	3.44	-47.97%

*The company issued bonus shares on April 4, 2025, in the ratio of 1:1, which has impacted the EPS calculation.

Segment-wise Performance

SAL Automotive operates in two segments:

Automobile Components: This segment, which includes tractor seats, LCV seats, seat mechanisms, and seat frames for passenger and commercial vehicles, reported revenue of Rs. 4,101.00 lakhs.
Agriculture Implements: This segment, comprising rotavators, tractor trailers, box scrappers, and rotary tillers, generated revenue of Rs. 5,626.00 lakhs.

The company's total income from operations for Q1 FY2026 stood at Rs. 10,003.00 lakhs, showing a year-on-year growth of 13.53%. The net profit after tax increased significantly by 57.45% to Rs. 148.00 lakhs, compared to Rs. 94.00 lakhs in the same quarter of the previous year.

SAL Automotive's Board meeting, which started at 02:30 P.M., concluded at 5:30 P.M. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors. Mangla Associates, Chartered Accountants, the company's statutory auditors, have conducted a limited review of the financial results.

The reappointments of key directors and the robust financial performance demonstrate SAL Automotive's commitment to strong governance and sustained growth in the automotive and agricultural implement sectors.