Q1 FY27 results, preferential issue and HL Mando acquisition approved
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Board approved Q1 FY27 results. Standalone revenue Rs 12,742 million (up 5.3 percent YoY), PAT Rs 760 million (up 14.9 percent). Consolidated revenue Rs 14,257 million, PAT Rs 1,073 million. Also approved acquiring 28.99 percent in HL Mando ANAND India from promoter for Rs 2,231 crore (Rs 350 crore cash plus preferential shares) and 30 percent in HL Klemove India for USD 98.44 million. Prior periods restated under NCLT demerger scheme.
Equity dilution via preferential issue and large acquisitions may weigh short term. Strategic auto components consolidation could drive long term value.