Igarashi Motors India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
IGARASHI · price
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Igarashi Motors India reported FY2026 revenue of Rs 86,591.89 lakhs, up 3.28% from Rs 83,842.11 lakhs in FY2025. However, Profit After Tax (PAT) declined sharply by about 50% to Rs 1,214.66 lakhs from Rs 2,416.83 lakhs in the prior year. EBITDA margin compressed from approximately 11.6% to 9.7%, driven primarily by increased cost of materials (Rs 56,818.01 lakhs vs Rs 54,479.07 lakhs). The Board recommended a final dividend of Rs 1.30 per equity share of face value Rs 10. The statutory auditor BS R & Co. LLP issued an unqualified opinion, and the CFO confirmed unmodified audit opinion. The company also appointed Sharp & Tannan as Internal Auditor and B Y & Associates as Cost Auditor for FY2026-27.
The sharp PAT decline despite modest revenue growth signals margin pressure from input costs, which could weigh on the stock in the short term. However, the dividend recommendation and clean audit provide some comfort to shareholders regarding corporate governance.