Belrise Industries Q2 FY27 Adj. PAT up 25% to ₹1,663 Mn; Manufacturing Revenue up 26%
Belrise Industries reported Q2 FY27 unaudited consolidated results with Adjusted PAT up 25% YoY to ₹1,663 million and Manufacturing Revenue up 26% YoY to ₹23,441 million. The company entered electronics manufacturing via an LoI with a US smartphone partner's ecosystem player and secured a technology partnership with Yamato, Japan.
The diversification into electronics manufacturing with a major smartphone player's partner and the technology partnership with Yamato, Japan, along with new order wins in commercial vehicles and 3W body manufacturing, are significant strategic moves that will likely impact future growth.
The company reported strong year-on-year growth in Adjusted PAT and Manufacturing Revenue, alongside significant diversification into new sectors like electronics and strategic partnerships.
Belrise Industries Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a 25% year-on-year (YoY) growth in Adjusted Profit After Tax (PAT) to ₹1,663 million for Q2 FY27, with manufacturing revenue increasing by 26% YoY to ₹23,441 million.
Consolidated revenue from operations for Q2 FY27 stood at ₹27,463.8 million, a 16.7% increase from ₹23,535.4 million in Q2 FY26. Gross profit grew by 23.1% YoY to ₹5,582.6 million, and EBITDA rose by 11.6% YoY to ₹3,306.2 million. Adjusted PAT for the half-year ended H1 FY27 was ₹2,879.2 million, up 17.7% YoY.
Key operational highlights for Q2 FY27 include entry into electronics manufacturing with a Letter of Intent (LoI) from an ecosystem partner of a major American smartphone company for CNC fixtures. Chester Hall, the UK-based subsidiary, secured an incremental order for track beams for a legacy aircraft platform. Post the quarter, Belrise entered a technology partnership with Yamato Co., Ltd., Japan, for the manufacturing and sale of air filters, oil filters, and resin air intake manifolds in India.
In terms of new order wins, the company secured a program from a leading Indian CV OEM to supply complete chassis frame assemblies, with an expected peak annual revenue potential of ₹1,500 –2,000 million, starting from Q1 FY28. Belrise also entered complete 3W body manufacturing, selected as a second source for body and chassis assemblies for a high-selling 3W model, with a peak annual revenue potential of ₹1,000 –1,200 million, also expected to ramp up from Q1 FY28. The company also expanded its suspension portfolio by onboarding a new OEM customer and securing additional orders from another.
Mr. Shrikant Badve, Managing Director, commented, "Q2 FY27 was a quarter of strong execution supported by a healthy demand environment. Manufacturing revenue grew 26% year-on-year to ₹23,441 million, and adjusted PAT grew 25% to ₹1,663 million. This quarter, Belrise stepped into a new industry altogether. We secured our maiden LoI for the supply of CNC fixtures from an ecosystem partner of one of the largest American smartphone companies."
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