Remsons Industries Q1FY27 Revenue Up 20% to ₹119.7 Crore; Secures ₹300 Crore Stellantis Order
Remsons Industries reported Q1FY27 revenue of ₹119.7 crore, a 20% YoY increase. Key wins include a ₹300 crore Stellantis order and a ₹160 crore global CV pedal box program. The company appointed Rahul Prabhakar Desai as CEO and plans ₹100 crore capex. Remsons aims for ₹900-1,000 crore revenue by FY30.
The substantial new orders, revenue growth, strategic expansion plans, and leadership appointment are material developments that are likely to significantly impact the company's future performance and investor outlook.
The company reported strong revenue growth, secured significant new orders, and announced strategic expansion plans and leadership changes, all indicating positive momentum and future growth prospects.
Remsons Industries Limited announced its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's revenue from operations grew by 20% year-on-year to ₹1,197 million (₹119.7 crore). EBITDA stood at approximately ₹104 million (₹10.4 crore) with a margin of around 9%, and Net Profit After Tax attributable to shareholders was ₹29 million (₹2.9 crore), resulting in a diluted EPS of ₹0.82.
The company has secured significant new orders, including a landmark ₹3,000 million (₹300 crore), 7-year order from Stellantis N.V. for control cables, with deliveries commencing in FY27. Additionally, Remsons Automotive Ltd. (UK) has been nominated for a 10-year pedal box program by a global commercial vehicle OEM, estimated to be worth ₹1,600 million (₹160 crore), with production starting in Q4 CY2028. BEE Lighting Ltd. received a ₹120 million (₹12 crore) order for exterior vehicle lighting, and a leading Commercial Vehicle Indian OEM awarded a ₹600 million (₹60 crore) contract for Gear Shifters with Push Pull Cables over five years.
In a key leadership transition, Remsons Industries appointed Mr. Rahul Prabhakar Desai as Chief Executive Officer (CEO) effective August 3, 2026, to spearhead the company's next growth phase. Mr. Amit Srivastava will resign from his position on September 4, 2026.
Strategically, Remsons is expanding its manufacturing capacity in the National Capital Region by identifying an additional 20,000 sq. ft. of property, supporting its vision to reach ₹9,000-10,000 million (₹900-1,000 crore) in revenue by 2030. The company plans a Capex of ₹1,000 million (₹100 crore) over three years for plant upgrades in India and the UK, focusing on EV-compatible parts, sensors, and tyre mobility kits.
The management highlighted that revenue growth was driven by new order book activation, product mix premiumisation, and export tailwinds, benefiting from the China+1 sourcing strategy. Despite challenges like raw material inflation and geopolitical tensions impacting freight rates, the company remains confident in achieving its FY30 revenue aspiration due to its strategic priorities, including scaling up the Stellantis program, geographic diversification of manufacturing, customer diversification, and selective M&A opportunities.
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