Igarashi Motors India Limited has informed the Exchange regarding Board meeting held on August 07, 2025.
IGARASHI · price
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Igarashi Motors India Limited submitted its Q1 FY26 results approved at the board meeting on August 7, 2025, reviewed (unqualified) by statutory auditors B S R & Co. LLP. Revenue from operations stood at Rs 20,471.25 lakhs, down about 7.8% from Rs 22,207.06 lakhs in Q1 FY25 but up roughly 8% from the previous quarter (Rs 18,947.34 lakhs). The non-automotive segment saw a sharp drop (~41% YoY) while the automotive segment remained broadly flat. Profit before tax fell steeply to Rs 336.23 lakhs from Rs 1,092.24 lakhs a year ago, and profit after tax declined to Rs 250.97 lakhs (vs Rs 816.03 lakhs in Q1 FY25), a ~69% YoY fall. EPS for the quarter stood at Rs 0.80 versus Rs 2.59 in the same quarter last year.
Despite a sequential improvement in revenue, the sharp YoY decline in both top line and profitability — driven mainly by weak non-automotive demand and margin compression — is negative for near-term sentiment. Shareholders should watch for recovery in the non-automotive segment and any improvement in margins in upcoming quarters.