Divgi TorqTransfer Systems: Transcript of Q3 FY26 Earnings Call Released
Divgi TorqTransfer Systems released its Q3 FY26 earnings call transcript. Key developments include export orders from Mahindra and Tata Motors for 35,000 pickup trucks each to Indonesia. The company reported its highest-ever quarterly total income of ₹96.3 crores in Q3 FY26, with a 48% YoY growth in 9-month income to ₹261.4 crores. Divgi is exploring US manufacturing and aims for 12-15% CAGR.
The announcement includes substantial new export orders from major OEMs for a new market, record financial performance, and strategic plans for international expansion (US manufacturing), all of which are material events for the company.
The company announced significant new export orders, achieved record quarterly income, and expressed confidence in achieving long-term growth targets. Positive financial performance and strategic expansion plans contribute to a positive sentiment.
Divgi TorqTransfer Systems Limited has released the transcript of its earnings conference call held on February 13, 2026, concerning the unaudited financial results for the quarter and nine months ended December 31, 2025.
The company announced significant strategic developments, including order confirmations from Mahindra & Mahindra and Tata Motors for their respective pickup vehicle programs destined for the Indonesian market. Under these programs, both OEMs will export 35,000 units each of their pickup trucks (Scorpio for Mahindra and Yodha for Tata Motors). Production is expected to commence in calendar year 2026, with most of it occurring in FY2027. Divgi TorqTransfer Systems will act as the sole supplier of transfer case systems and allied products for these exports, marking a milestone in supporting Indian OEMs' global expansion.
Financially, the company reported its highest ever quarterly total income in Q3 FY2026, surpassing the previous record set in Q2 FY2026. The quarterly revenue run rate is approaching ₹90 to ₹100 crores. For the first nine months of FY2026, total income reached ₹261.4 crores, a 48% year-on-year growth. The company is confident in achieving its long-term growth aspiration of 12% to 15% CAGR over 5 years from FY2020 as a base year.
Key business segments showed strong performance. The Transfer Case business benefited from healthy volume uptake, with volumes approaching FY2023 levels. The Components segment, predominantly export-driven, continued its strong upward trajectory, growing 117% year-on-year in the first nine months of FY2026, with export revenues reaching a quarterly run rate of approximately ₹19 crores. The company is evaluating establishing a manufacturing footprint in the United States as part of its long-term growth strategy, with an expected conclusion by the end of Q1 FY2027.
The EV Transmission segment saw a 11% increase but remained modest due to subdued EV volumes, with an expected ramp-up supported by customer uptake and deeper integration across newer EV platforms. The SOP for a new 120-kilowatt transmission is anticipated in April 2026. The company is also exploring the feasibility of localizing automatic transmission technology, with a goal to conclude a contract by July 2026 for a launch in calendar 2028 (FY2029).
During Q3 FY2026, Divgi TorqTransfer Systems reported a total income of ₹96.3 crores, a 68% year-on-year increase. EBITDA stood at ₹23.4 crores, up 72% year-on-year, and Profit After Tax (PAT) was ₹11.8 crores, a 125% increase year-on-year. The company also recognized an incremental financial impact of ₹76.5 lakhs due to regulatory changes under the newly notified labor codes.
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Divgi Torqtransfer Systems Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Divgi Torqtransfer Systems Limited. Read the original for the full detail.