Dhoot Transmission Limited announced its financial results for the second quarter and first half of FY27. The company reported a robust 61% year-over-year revenue growth in Q2 FY27, reaching ₹18,272 million. For the first half of FY27, revenue grew by 56% year-over-year to ₹32,736 million. The company also highlighted strategic priorities in electrification, diversification, and technology, along with strong performance in its EV segment.
Dhoot Transmission Reports Strong Financial Performance for Q2 and H1 FY27
Dhoot Transmission Limited has unveiled its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2026-27, showcasing significant year-over-year growth in revenue and profitability. The company’s performance reflects strong momentum driven by its strategic focus on key growth areas and expanding market presence.
Q2 FY27 Financial Highlights
In the second quarter of FY27, Dhoot Transmission reported a revenue from operations of ₹18,272 million, marking a substantial 61% increase compared to ₹11,370 million in Q2 FY26. The reported EBITDA for the quarter stood at ₹2,618 million, with a margin of 14.3%. Adjusted Profit After Tax (PAT) saw a healthy 30% YoY increase to ₹1,615 million. Notably, EV revenue contributed significantly, growing by 108% YoY to ₹5,701 million, representing 31% of the total revenue.
H1 FY27 Financial Performance
For the first half of FY27, the company’s revenue from operations reached ₹32,736 million, a 56% increase from ₹21,031 million in H1 FY26. Reported EBITDA for H1 FY27 was ₹4,802 million, with a margin of 14.7%. The Adjusted PAT for the half-year increased by 33% YoY to ₹2,964 million. EV revenue for H1 FY27 was ₹9,394 million, accounting for 29% of the total revenue.
Strategic Priorities and Business Outlook
Dhoot Transmission outlined four key strategic priorities: Strengthening the core business in two- and three-wheelers, Electrification, Diversification into new product segments and geographies, and Technology advancement. The company is focused on deepening its leadership in the 2W and 3W segments, becoming an electrical backbone for auto OEMs, broadening its product and customer base, and enhancing its R&D capabilities. Investments in new manufacturing facilities and capacity expansion, particularly in battery manufacturing and wiring harness production, are underway to meet growing demand.
EV and Diversification Growth
The electrification segment continues to be a major growth driver, with EV revenue forming 31% of Q2 FY27 revenue. The company is also expanding its product mix beyond traditional wiring harnesses, with non-harness products constituting 31% of Q2 revenue, driven by the integration of Multilink. Diversification efforts include expanding into CV, off-highway, and farming sectors, as well as developing a pipeline for passenger vehicles and 4W EV products.
Technological Advancement
With a strong engineering team of 237 employees, Dhoot Transmission emphasizes in-house development from concept to serial production. The company is focusing on R&D in electrification, connection systems, safety critical electronics, and premiumisation. A significant development is the formation of a joint venture with Ride Vision to bring advanced safety and control devices, such as camera and controller systems, to the Indian market, localizing currently imported ADAS/ARAS technology.
Balance Sheet and Cash Flow
As of September 26, 2026, Dhoot Transmission maintained a healthy net cash position excluding leases of -₹9,037 million, with cash and bank balances at ₹11,275 million. The company reported strong annualised ROCE of 20% and RONA of 34%. Operating cash flow for H1 FY27 was ₹402 million, with free cash flow at ₹3,331 million, supported by significant IPO proceeds received.
Source: BSE
