Announced Thu, 30 Jul · 18:21 IST
Q1 profit up 17%, WTD Vinay Mittal resigns, Sameer Jain named new CFO
HONDAPOWER · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹2123.00
prior close
₹2123.00
base price
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AI summary
Honda India Power Products reported Q1 FY27 revenue of Rs 189 crore, up 22% year on year. Profit rose 17% to Rs 11.1 crore. Mr Vinay Mittal resigns as Whole Time Director from September 1, 2026 due to superannuation. He will also step down as CFO on September 30. Mr Sameer Jain, with nearly three decades of finance experience, will take over as CFO from October 1, 2026.
Likely market impact
Smooth leadership transition with a successor already lined up. Solid 22% revenue growth signals business momentum, though profit growth of 17% is moderate.