Talbros Automotive Reports Strongest-Ever Quarterly Performance; Net Profit Surges 35% YoY to ₹30 Crore

Auto component maker Talbros Automotive Components Limited (TACL) [BSE: 500219 / NSE: TALBROAUTO] has announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27), achieving its highest-ever quarterly financial performance.

The company posted double-digit expansion across revenue, operating profit, and net earnings, driven by resilient domestic demand and robust momentum in exports and joint ventures.

Key Financial Highlights

Total Revenue from Operations: Reached ₹242.2 crore in Q1 FY27, delivering a 15% year-on-year (YoY) increase compared to ₹210.5 crore in Q1 FY26.

EBITDA: Advanced 23% YoY to ₹42.7 crore, up from ₹34.8 crore in the corresponding quarter of the previous year.

EBITDA Margin: Expanded by 110 basis points YoY to 17.6% (vs. 16.5% in Q1 FY26), despite headwinds from minimum wage increases, annual increment cycles, and higher West Asia crisis-related input costs.

Profit Before Tax (PBT): Climbed 35% YoY to ₹38 crore.

Profit After Tax (PAT): Surged 35% YoY to ₹30.0 crore compared to ₹22.2 crore in Q1 FY26.

PAT Margin: Improved to 12.4%, up from 10.5% in Q1 FY26.

Business Division & Joint Venture Performance

Talbros recorded solid revenue and EBITDA performance across its core divisions and joint ventures (on a proportionate basis):

1. Gasket & Heat Shield Business

Total Income: ₹163.7 crore (+21% YoY vs. ₹135.1 crore in Q1 FY26)

EBITDA: ₹29.2 crore (+32% YoY vs. ₹22.2 crore in Q1 FY26)

Export Share: Exports contributed 13% of total division revenue.

2. Forgings Business

Total Income: ₹78.4 crore (+4% YoY vs. ₹75.3 crore in Q1 FY26)

EBITDA: ₹13.5 crore (+7% YoY vs. ₹12.7 crore in Q1 FY26)

Export Share: Exports accounted for 57% of division revenue, returning to a quarterly run rate of ₹43-45 crore.

3. Marelli Talbros Chassis Systems (MTCS) JV

Total Income: ₹52.4 crore (+43% YoY vs. ₹36.2 crore in Q1 FY26)

EBITDA: ₹8.4 crore (+31% YoY vs. ₹6.4 crore in Q1 FY26)

Export Share: Exports contributed 22% of total division revenue.

4. Talbros Marugo Rubber (TMR) JV

Total Income: ₹19.8 crore (+31% YoY vs. ₹15.2 crore in Q1 FY26)

EBITDA: ₹2.8 crore (+57% YoY vs. ₹1.8 crore in Q1 FY26)

Export Share: Exports accounted for 5% of total division revenue.

Revenue Distribution Profile

By Vehicle Segment (Proportionate Share of JVs)

Passenger Vehicles: 34% (vs. 33% in Q1 FY26)

HCV & LCV: 24% (vs. 25% in Q1 FY26)

2 & 3 Wheelers: 15% (vs. 15% in Q1 FY26)

Agricultural & Off-Loaders: 13% (vs. 14% in Q1 FY26)

Others: 14% (vs. 13% in Q1 FY26)

By Market Type

Original Equipment Manufacturers (OEMs): 64% (vs. 61% in Q1 FY26)

Exports: 25% (vs. 28% in Q1 FY26)

Aftermarket: 3% (vs. 3% in Q1 FY26)

Others: 8% (vs. 8% in Q1 FY26)

Management Outlook & Guidance

Commenting on the results, Mr. Anuj Talwar, Managing Director of TACL, noted that cost discipline, execution, and export run-rate recoveries were major growth drivers.

Despite near-term macroeconomic headwinds around freight costs, elevated commodity prices, and high energy costs, management maintains an optimistic guidance for FY27, targeting 18-20% YoY group revenue growth while sustaining healthy EBITDA margins.

Commenting on the performance Mr. Anuj Talwar, Managing Director, TACL said, "TACL delivered its strongest ever quarterly performance, surpassing the highs of Q4 FY26. Total revenue for QI FY27 stood at Rs. 242 crores, growing 15% YoY, while EBITDA grew 23% Yoy to Rs. 43 crores, with an EBITDA margin of 17.6%. Margins saw some impact from higher employee costs tied to the annual increment cycle, increase in minimum wages and elevated input costs due to the West Asia crisis. Profit After Tax stood at Rs. 30 crores, up 35% YoY from Rs. 22 crores, driven by continued cost discipline and strong execution across our portfolio.

Our Gasket & Heat Shield division delivered 21% YoY growth on sustained demand from OEM and domestic markets. The Forgings division has turned the corner, delivering 4% YoY growth despite a high base in QI FY26, driven by execution of recently secured orders and strong export demand. The exports from this division has returned to its Rs. 43-45 crore quarterly run rate, reflecting structural tailwinds and recovery for the segment. Our JV companies also contributed meaningfully to growth, with MTCS growing 43% YoY on strong domestic and export demand, and TMR growing 31% YoY.

The operating environment remains challenging, with near-term pressures from freight costs, high energy costs, inflationary trends and elevated commodity prices. Despite this, we remain optimistic on the growth outlook for FY27, supported by improving industry demand and the ramp-up of recently secured business. We expect the group revenue growth of 18-20% YoY while maintaining our EBITDA margins. As we continue to invest in expanding our capabilities, strengthening customer relationships and enhancing operational excellence, we remain confident of sustaining profitable growth."

Source : Equity Bulls

Keywords

TalbrosAutomotiveComponents Q1FY27 Q1FY2027 ResultUpdate