Belrise Industries Limited has informed the Exchange about Transcript
BELRISE · price
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Belrise Industries posted Q1 FY26 total revenue of INR 22,622 million, up ~21-27% YoY, with manufacturing revenue rising 29% YoY to INR 18,323 million, driven by two-wheeler growth, exports, Chennai facility ramp-up, and H-One integration. EBITDA was INR 2,805 million with margins at 12.4%, broadly stable versus FY25's 12.3%, and management guides for stable consolidated EBITDA margins going forward. The company fully repaid INR 15,960 million in debt using IPO proceeds, bringing net debt to INR 7,698 million, and outlined INR 8,000 million of capex over two years funded largely by internal accruals. Key wins include maiden entry into the M&HCV segment via long-member orders, new defense orders including from an Israeli OEM, a general purchase agreement with a top-4 electric two-wheeler OEM, and serial production of its patented combination braking system. Management reaffirmed guidance to double 4W/CV revenue within 2-2.5 years and lift two-wheeler content per vehicle from INR 12,500 to INR 17,300.
A solid quarter with strong revenue growth, margin stability, and a cleaner balance sheet after IPO-led debt repayment, which should support lower interest costs in coming quarters. New order wins across CV, EV two-wheelers, and defense broaden the growth runway, though near-term EV volumes face a minor headwind from rare-earth shortages and H-One is still in early ramp-up stages.