Belrise Industries reported a revenue of INR23,405 million for Q3 FY26, an increase of 8% year-over-year. The company’s adjusted PAT grew by 26% to INR1,268 million. Belrise has also completed its first international acquisition in the aerospace segment, acquiring SDM. The company expects to become a meaningful revenue contributor in the defense and aerospace segment in the coming years.
Financial Performance
Belrise Industries announced its financial results for Q3 FY26:
- Total revenue stood at INR23,405 million, up 8% year-on-year.
- Manufacturing revenue increased by 5% year-on-year to INR18,660 million.
- EBITDA reached INR2,869 million with a margin of 12.3%.
- Adjusted PAT grew by 26% to INR1,268 million.
Merger Announcement
The Board approved the merger of Badve Autocomps Private Limited and Eximius Infra Tech Solutions Private Limited with Belrise Industries. This merger is expected to:
- Increase the company’s market share in 2-wheeler plastic components to nearly 25%.
- Increase content per vehicle by over INR3,000.
- Add approximately 2,000 employees to the Belrise family.
- Add an incremental INR10 billion of revenue, net of related party eliminations.
Strategic Initiatives
Belrise Industries is focusing on expanding into the defense and aerospace sectors:
- The company entered a strategic collaboration agreement with Plasan Sasa, an Israel-based defense company.
- Belrise completed its first international acquisition in the aerospace segment through the acquisition of SDM, a European aerospace manufacturer.
Segmental Performance
On the manufacturing front for Q3 FY26:
- 2-wheelers and 3-wheelers contributed 80.6%.
- Passenger vehicles contributed 4.9%.
- Commercial vehicles contributed 7.9%.
9M FY26 Highlights
- Total revenues for 9M FY26 were INR69,563 million, up 16% Y-o-Y.
- Manufacturing revenue increased by 16% Y-o-Y to INR55,583 million.
- Adjusted PAT stood at INR3,714 million, up 51% Y-o-Y.
Guidance and Outlook
The company is maintaining its guidance to outperform the two-wheeler industry substantially and is maintaining its mid-teens revenue growth projection.
Source: BSE
