Dhoot Transmission Ltd (DHOOTTRANS) Q2 FY27 Financial Results: PAT ₹1,327 Cr & Revenue ₹14,464 Cr(4 announcements)
Investor Takeaways
Overall Tone: Positive based on the numbers only.
Key Financial Highlights
| Metric | Value | YoY Change |
|---|---|---|
| Revenue | ₹14,464 Cr | 49.7% |
| Net Profit | ₹1,327 Cr | 37.8% |
| EBITDA | ₹2,184 Cr | 29.0% |
| EPS | ₹7.04 | |
| OPM | 15.1% |
What Changed
Dhoot Transmission Limited delivered robust financial performance in Q1 FY27, with consolidated revenue surging 49.7% YoY to ₹14,464 Cr. This growth was primarily fueled by strong demand in electric vehicle (EV) components, which now account for 27% of total revenue. EBITDA grew 29.0% YoY to ₹2,184 Cr, and the EBITDA margin improved to 15.1% from previous periods. Net profit increased 37.8% YoY to ₹1,327 Cr, supported by operational efficiency and revenue diversification. The company also reported progress on integrating the Multilink acquisition, with completion expected by Q3 or early Q4 FY27. These results indicate successful scaling in both domestic and international markets, particularly in the high-growth EV segment.
Peer Comparison
| Company | P/E | ROE | ROCE | Market Cap (₹ Cr) |
|---|---|---|---|---|
| Dhoot Transmission | Not available | Not available | Not available | 30,323.5 |
| Hindustan Aeronautics Ltd (HAL) | 34.8 | 22.71% | 30.31% | 3,24,355.88 |
| Bharat Electronics Ltd (BEL) | 48.24 | 25.46% | 34.08% | 2,96,192.24 |
| Solar Industries India Ltd (SOLARINDS) | 97.52 | 32.66% | 38.01% | 1,94,191.66 |
Dhoot Transmission is trading at a P/B ratio of 12.46, which is significantly higher than peers' P/E ratios, suggesting market expectations of future growth. The company's debt-to-equity ratio of 0.35 is moderate compared to peers with zero or low leverage.
Risks & Concerns
Quarterly Trend
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) | OPM% |
|---|---|---|---|
| Q1FY27 | 1,446.42 | 132.67 | 12.36 |
| Q4FY26 | 1,277.28 | 95.38 | 11.27 |
| Q1FY26 | 966.33 | 96.25 | 14.78 |
The company demonstrated sequential revenue and profit growth, with OPM improving from 11.27% in Q4FY26 to 12.36% in Q1FY27, though slightly below the 14.78% recorded in the same quarter last year. The upward trend in profitability metrics aligns with the strong YoY growth reported.
Investor Takeaways
Overall Tone: Neutral
Key Financial Highlights
| Metric | Value | YoY Change |
|---|---|---|
| Revenue | ₹1,4600.7 Cr | 13.7% |
| Net Profit | ₹1,326.7 Cr | 3.3% |
| EPS | ₹7.04 | — |
| OPM | 12.36% | — |
What Changed
Dhoot Transmission Limited reported consolidated unaudited revenue of ₹14,600.70 million for Q1 FY2026-27, up 13.7% from ₹12,844.60 million in the same quarter of the previous year. Standalone revenue increased 9.0% YoY to ₹10,825.85 million, primarily due to operational expansion and contributions from newly integrated subsidiaries. Net profit after tax rose 3.3% YoY to ₹1,326.70 million on a consolidated basis, compared to ₹1,284.77 million in the prior-year quarter. Standalone net profit was ₹572.37 million. The results include a one-time exceptional item of ₹30 million related to labor code compliance and advisory expenses. The company completed its IPO in August 2026 and restructured its share capital, which impacted EPS calculations. Financials were reviewed by Price Waterhouse but not audited, with limited assurance provided. No specific revenue or profit targets were disclosed for future periods.
Peer Comparison
| Company | P/E | ROE | ROCE | Market Cap (₹ Cr) |
|---|---|---|---|---|
| Dhoot Transmission | — | — | — | 30,323.5 |
| Hindustan Aeronautics | 34.8 | 22.71% | 30.31% | 3,24,355.88 |
| Bharat Electronics | 48.24 | 25.46% | 34.08% | 2,96,192.24 |
| Solar Industries India | 97.52 | 32.66% | 38.01% | 1,94,191.66 |
Dhoot Transmission's P/B ratio of 12.46 is significantly higher than peers' P/E ratios, indicating market expectations may be priced at a premium relative to earnings. The company's debt-to-equity ratio of 0.35 is moderate compared to peers with zero or low leverage.
Risks & Concerns
Quarterly Trend
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) | OPM% |
|---|---|---|---|
| Q1FY27 | 1,446.42 | 132.67 | 12.36 |
| Q4FY26 | 1,277.28 | 95.38 | 11.27 |
| Q1FY26 | 966.33 | 96.25 | 14.78 |
Revenue and profit have shown sequential growth from Q1FY26 to Q1FY27, with OPM declining slightly from 14.78% to 12.36%, indicating margin pressure despite top-line expansion.
CRITICAL: If quarterly trend data is not provided in the context, do NOT include the Quarterly Trend section at all. Never fabricate quarterly numbers.
Dhoot Transmission reported consolidated revenue of ₹14,464 million for Q1 FY27, up 49.7% YoY, driven by strong EV growth and Multilink acquisition integration. EBITDA rose 29% YoY to ₹2,184 million with a 15.1% margin. EV revenue now represents 27% of total revenue, up from 24% in FY26. The company completed Multilink acquisition control in June 2026 and paid the majority of consideration by August. Non-wiring harness revenue grew 67.7% YoY excluding Multilink. The business is positioned to benefit from India's expanding EV market, which now accounts for 24% of total revenue.
Dhoot Transmission Ltd announced the audio recording of its Q1 FY2026-27 earnings call held on September 4, 2026, and made it available on its website for investors and analysts to access.
About Dhoot Transmission Ltd (DHOOTTRANS)
Capital Goods · Capital Goods - Electrical Equipment · Listed on BSE
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📊 More DHOOTTRANS filings
- 🔴 Financial Results — 12 September 2026 Dhoot Transmission Ltd updated its Corporate Identification Number (CIN) and listing status with the...
- 🔴 Financial Results — 10 September 2026 Dhoot Transmission reported strong Q1 FY27 growth with revenue up 49.6% YoY to ₹1,448 crores, driven...
- 🔴 Announcement — 1 September 2026 Dhoot Transmission Limited announced its Q1 FY2026-27 earnings call on September 4, 2026 at 3:00 p.m...
- 🟡 Board Meeting — 31 August 2026 Dhoot Transmission announced its board will meet on September 4, 2026, to approve unaudited standalo...
- 🔴 Corporate Action — 28 August 2026 Dhoot Transmission Ltd announced it acquired 75,000 shares in its UK subsidiary Dhoot Transmission U...
🔥 Also filed on 4 September 2026
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.
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