This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Q2 FY27 consolidated revenue up 18.5%, PAT down 44.9%; 430% dividend
ARE&M · price
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On the reaction day the stock moved 2.1 pts less than Nifty Smallcap 250 and 2.4 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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For the consolidated quarter ended September 30, 2026, revenue was Rs 4,108.71 crore, up 18.5% from Rs 3,467.02 crore, but profit after tax fell 44.9% to Rs 152.48 crore from Rs 276.49 crore. EBITDA margin narrowed year on year. The board declared a 430% interim dividend of Rs 4.30 per share and approved Rs 2,320 crore capex at ARACT for a 4 GWh to 9 GWh pack expansion and LFP cell plant within 30 months, funded by equity and debt.
Profit and margin declines may weigh on the stock, while the dividend supports returns; the large capex and planned borrowing add funding risk.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹4,109 Cr | ₹3,467 Cr | +18.5% |
| Operating profit | ₹185.9 Cr | ₹215.0 Cr | −13.5% |
| Profit after tax | ₹152.5 Cr | ₹276.5 Cr | −44.9% |
| EBITDA margin | 8.8% | 14.3% | −5.5 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.