NDR Auto Components Q2 FY27 results: net profit up 33.2% to ₹19.78 crore, revenue up 22.0%

How did NDR Auto Components perform in Q2 FY27?

NDR Auto Components reported consolidated revenue of ₹244.02 crore in Q2 FY27, up 22.0% from ₹199.96 crore in Q2 FY26 and 10.2% from ₹221.45 crore in Q1 FY27. Total income was ₹247.86 crore, while EBITDA rose 8.5% year on year to ₹23.63 crore but fell 6.8% from ₹25.35 crore in the previous quarter. The EBITDA margin declined 1.2 percentage points year on year to 9.7%.

Profit before tax was ₹19.75 crore, up 17.9% from ₹16.75 crore in Q2 FY26 and 2.2% from ₹19.32 crore in Q1 FY27. Net profit rose to ₹19.78 crore from ₹14.85 crore a year earlier and ₹16.40 crore in the previous quarter, while basic EPS was ₹8.32 compared with ₹6.24 and ₹6.90. On a standalone basis, revenue was ₹236.05 crore and net profit was ₹17.6 crore.

What changed in NDR Auto Components' costs and profit?

Total expenses increased 24.0% year on year to ₹228.11 crore, higher than the 22.0% rise in revenue. Cost of materials was ₹181.73 crore, up ₹31.29 crore from ₹150.44 crore in Q2 FY26, while employee cost rose ₹1.09 crore to ₹8.41 crore. Finance costs were ₹1.08 crore, depreciation was ₹6.64 crore and other expenses were ₹30.86 crore, up ₹8.98 crore from ₹21.88 crore. No exceptional item was reported.

Other income was ₹3.84 crore in Q2 FY27, up ₹3.03 crore from ₹0.81 crore in Q2 FY26 and ₹2.74 crore from ₹1.10 crore in Q1 FY27. Tax expense was ₹5.17 crore, compared with ₹4.76 crore a year earlier and ₹4.70 crore in the previous quarter. The filing does not provide a reason for the movements in these cost and income lines.

How did the first half of FY27 go?

For H1 FY27, NDR Auto Components reported revenue of ₹465.47 crore, up 20.8% from ₹385.18 crore in H1 FY26, while total income rose 21.7% to ₹470.41 crore from ₹386.58 crore. Profit before tax increased 23.0% to ₹39.07 crore from ₹31.77 crore.

Net profit for the first half rose 27.2% to ₹36.18 crore from ₹28.44 crore, while basic EPS increased to ₹15.21 from ₹11.96.

What do the balance sheet and cash flow show?

Total assets increased to ₹607.36 crore as of 30 September 2026 from ₹563.02 crore as of 31 March 2026, and total equity rose to ₹384.49 crore from ₹357.72 crore. The company reported no borrowings at either date. Cash fell to ₹5.05 crore from ₹15.1 crore, while inventories rose to ₹52.39 crore from ₹47.71 crore.

Trade receivables increased to ₹136.27 crore from ₹100.82 crore and trade payables to ₹149.39 crore from ₹124.96 crore. For H1 FY27, operating cash flow was ₹23.89 crore compared with negative ₹15.44 crore in H1 FY26; investing cash flow was negative ₹21.2 crore against negative ₹12.21 crore, and financing cash flow was negative ₹12.75 crore against negative ₹9.96 crore. Capital expenditure was ₹31.71 crore, compared with ₹39.51 crore.

How has NDR Auto Components done over the last 8 quarters?

Revenue increased year on year in each of the last eight quarters. It rose from ₹199.96 crore in Q2 FY26 to ₹244.02 crore in Q2 FY27, the highest point in the series, although it fell from ₹229.07 crore in Q4 FY26 and ₹221.45 crore in Q1 FY27. Net profit also rose year on year in each of the last eight quarters and reached ₹19.78 crore in Q2 FY27.

The EBITDA margin peaked at 11.6% in Q4 FY26 and bottomed at 10.6% in Q3 FY25. It declined from 11.4% in Q1 FY27 to 9.7% in Q2 FY27, while net profit rose from ₹16.40 crore to ₹19.78 crore.

What else did the company announce?

The board approved additional capital expenditure of ₹11.34 crore for the Naviyani plant in Gujarat and ₹7.19 crore for the Kharkhoda plant in Haryana for new programmes of Maruti Suzuki India and Suzuki Motorcycle India. It also approved an investment of ₹36.30 Lakhs in a special purpose vehicle for sourcing power through captive solar energy.

The board approved a joint venture agreement with DYA Co., Ltd. to design, manufacture and supply passenger car seats in India, primarily for Kia India and Hyundai India. NDR Auto Components will hold 51% and DYA 49% in the proposed Indian joint venture, which will become a subsidiary. The company also sought shareholder approval by postal ballot to enhance material related-party transaction limits with Bharat Seats Limited and alter the object clause of its memorandum of association. No dividend or fund raise was announced in the cited filings.

What did the auditors point out?

S.R. Batliboi & Co. LLP did not express an audit opinion and reported that nothing had come to its attention indicating that the unaudited interim financial statements failed to disclose required information or contained a material misstatement. The limited review report did not contain any qualification, adverse remark or modified opinion, according to the board filing.

The auditors included an emphasis of matter titled “Income Tax Search,” drawing attention to uncertainty concerning the outcome of an Income Tax Department search conducted in an earlier year under Section 132 of the Income Tax Act, 1961. The search covered premises including manufacturing locations and the residence of a few employees and key managerial personnel. The auditors stated that their conclusion was not modified in respect of this matter.

What did NDR Auto Components' management say?

Management said no FY27 or FY28 revenue range was provided because ramp-ups and model mix limit visibility. It identified environmental and supply-chain challenges, order conversion and plant ramp-up timing, limited revenue visibility, wage inflation that had not yet been passed through to OEMs, and tougher OEM entry for new seating entrants as risks. It also said the board had approved brownfield expansion of the Gujarat and Karkoda facilities for seat frames, trims and other auto ancillaries.

How did NDR Auto Components shares react?

NDRAUTO rose 0.2% after five minutes, 0.7% after 15 minutes and 4.0% after 30 minutes from the price when the filing appeared. The stock closed the reaction day 3.3% above its previous close of ₹743.00. By the next day's close, the cumulative gain from that pre-results close was 0.9%.

On the reaction day, the stock’s 3.3% gain was 1.9 percentage points above the 1.4% median move for the other Auto Components & Equipments stocks. By the next day, the stock’s cumulative gain was 1.7 percentage points below the sector median of 2.6%. Earlier reaction-day moves were 3.2% on 10 August 2026, 3.8% on 11 May 2026 and negative 1.8% on 4 February 2026.

How did other Auto Components & Equipments companies do?

Among 61 other Auto Components & Equipments companies that had filed for the quarter, the median revenue growth was 33.6%, compared with NDR Auto Components’ revenue growth of 22.0%. Of the peers compared, 20 grew slower than the company and 41 grew faster. The profit comparison covered 62 peers, of which 48 reported higher profit.