Fiem Industries Limited has informed the Exchange about Transcript
FIEMIND · price
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Awaiting price reaction for this filing.
Fiem Industries posted Q1FY26 sales of Rs. 649.07 crores, up 13.16% year-on-year, driven by strong demand from key customers TVS, Royal Enfield and Yamaha. PAT grew 13.92% to Rs. 56.05 crores, while EBITDA margin came in at 13.46% versus 13.73% in the same quarter last year. LED share in total automotive lighting stood at 63.92% and management expects this to rise to 75-80% over the next couple of years. The company commenced commercial production for Mahindra in Q1, received development orders for three products from Force Motors, and is setting up India's first EMC/EMI electronics validation lab in automotive lighting. Cash balance stood at Rs. 341 crores, with a CAPEX plan of Rs. 200 crores over three years (excluding four-wheeler). Management reiterated a 15-20% sales growth guidance and said direct US tariff exposure is negligible.
Steady double-digit revenue and profit growth, expanding LED mix, and entry into the four-wheeler segment with Mahindra and Force Motors are positive for the long-term thesis. Near-term stock reaction is likely neutral since margins dipped slightly and four-wheeler revenue contribution is still small.