Divgi Torqtransfer Systems Limited has informed the Exchange about Transcript
DIVGIITTS · price
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Divgi Torqtransfer reported its highest-ever quarterly revenue of INR96.3 crores in Q3 FY26, up 68% year-on-year and 9% sequentially. EBITDA came in at INR23.4 crores (72% YoY) with margins of 24.3%, and profit after tax grew 125% YoY to INR11.8 crores. For 9M FY26, total income rose 48% YoY to INR261.4 crores, the Components business grew 117% YoY led by exports, and Transfer Case volumes recovered to near FY23 levels. Key announcements include exclusive transfer case supply wins from Mahindra and Tata Motors for pickup truck exports to Indonesia (35,000 units each, production starting FY27), a new engagement with a leading Japanese OEM for an iconic pickup platform (SOP in H1 FY28), and evaluation of a U.S. manufacturing footprint. Management reiterated its 12-15% revenue CAGR aspiration over 5 years from FY20 base, sees Components business scaling toward INR200 crores, and expects exports to reach 20-25% of revenue mix.
Strong quarterly performance with record revenue and 125% PAT growth signals robust business momentum. New export order wins from Mahindra/Tata and Japanese OEM engagement materially strengthen medium-term volume visibility, likely supporting positive stock sentiment. However, management's conservative stance on margin expansion beyond the 20%+ range may temper near-term earnings upgrade expectations.