Belrise Industries Q3 FY26: Revenue up 8% to ₹2,340.5 Crore, PAT grows 26%
Belrise Industries reported Q3 FY26 revenue of ₹2,340.5 crore, up 8% YoY. Adjusted PAT grew 26% to ₹126.8 crore. The company is merging promoter entities Badve Autocomps and Eximius Infra Tech, expected to be EPS accretive. Strategic moves include entering aerospace/defense via SDM acquisition and a Plasan Sasa partnership.
The merger of promoter entities, acquisition in aerospace, and strategic partnership in defense are significant corporate actions that are expected to have a substantial impact on the company's future growth and financial performance.
The company reported positive year-on-year growth in revenue and profit, and announced a strategic merger and acquisitions that are expected to be value-accretive.
Belrise Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a total revenue from operations of INR 23,405 million (₹2,340.5 crore) for Q3 FY26, an increase of 8% year-on-year. Manufacturing revenue grew by 5% year-on-year to INR 18,660 million (₹1,866 crore).
EBITDA stood at INR 2,869 million (₹286.9 crore), with EBITDA margins at 12.3%. Manufacturing EBITDA was INR 2,579 million (₹257.9 crore), and manufacturing EBITDA margins were 14.0%. Adjusted Profit After Tax (PAT) saw a significant rise of 26% year-on-year to INR 1,268 million (₹126.8 crore), with PAT margins at 5.4% (adjusted for an exceptional item of INR 64.1 million).
For the nine months ended December 31, 2025, total revenues increased by 16% year-on-year to INR 69,563 million (₹6,956.3 crore). Manufacturing revenue also grew by 16% to INR 55,583 million (₹5,558.3 crore). EBITDA rose by 16% to INR 8,636 million (₹863.6 crore), and adjusted PAT surged by 51% to INR 3,714 million (₹371.4 crore).
The company also announced the merger of promoter entities Badve Autocomps Private Limited and Eximius Infra Tech Solutions Private Limited with Belrise Industries Limited. This merger is expected to be EPS and value-accretive from day one, significantly simplifying the group structure and increasing content per vehicle by over INR 3,000 to INR 20,300. The combined entity will command approximately a 25% market share in the 2-wheeler plastic components segment.
In addition to financial updates, Belrise Industries highlighted strategic developments including a new manufacturing plant in Haridwar for a 2-wheeler OEM, ramp-up of production at its Chennai plant for an EV platform, and supplies for a premium Japanese model from its Bhiwadi plant. The company also announced its entry into the aerospace and defense sector through the acquisition of French company SDM and a strategic partnership with Israel's Plasan Sasa for the ATEMM platform.
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