Ndr Auto Components Limited (NDRAUTO) Q2 FY27 Financial Results: PAT ₹16.4 & Revenue ₹221.45 Cr

Investor Takeaways

• Reported Q1 FY27 revenue of ₹221.45 crore and PAT of ₹16.40 crore
• EBITDA margin stable at 11.88% with EBITDA of [amount context mismatch] crore
• New facilities inaugurated including NDR Hayashi in Bangalore and NDR Auto South in Anantapur
• Order book remains at ₹650 crore with capacity expansion targeting INR70-80 crore revenue potential
• ⚠️ Challenges include ongoing JV losses and delayed plant commissioning

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

What Changed

Revenue reached ₹221.45 crore in Q1 FY27, reflecting a 26.6% year-on-year increase from [amount not verified] in Q3 FY25. Net profit rose to ₹16.40 crore from ₹13.39 crore in the same period, driven by operational improvements. EBITDA margin remained stable at 11.88%, consistent with prior quarters. The company inaugurated new facilities including NDR Hayashi in Bangalore and NDR Auto South in Anantapur, contributing to capacity expansion plans. Management highlighted order book growth at ₹650 crore and projected INR70-80 crore revenue potential from new plants. Key product diversification includes ambient lighting, sunshades, and seat systems across Maruti Suzuki, Toyota, and Kia. Challenges include ongoing JV losses and delayed plant commissioning.

Peer Comparison

NDRAUTO trades at a P/E ratio of 39.83, higher than Maruti Suzuki's 27.84 and Mahindra's 22.17, but lower than TVS Motor's 393.51. The company's market capitalization of ₹1,930.77 crore is significantly smaller than its peers, reflecting its niche positioning in the auto components space.

Risks & Concerns

• JV losses remain a concern impacting near-term profitability
• Plant commissioning delays could affect execution of expansion plans
• Dependence on key clients like Maruti Suzuki for product diversification

Quarterly Trend