Automotive Axles Q2 profit rose 67% to Rs 60.14 crore

Automotive Axles Limited reported profit of Rs 60.14 crore for the quarter ended September 30, 2026, up 67% from Rs 35.95 crore a year earlier, as revenue from operations rose 43% to Rs 662.56 crore. Earnings per share increased to Rs 39.79 from Rs 23.79 in the September 2025 quarter.

How did Automotive Axles perform in the September 2026 quarter?

Automotive Axles reported revenue from operations of Rs 662.56 crore in the quarter ended September 30, 2026, compared with Rs 461.76 crore in the corresponding quarter of 2025 and Rs 516.82 crore in the June 2026 quarter. Total income reached Rs 670.96 crore, including other income of Rs 8.40 crore.

Profit before tax rose to Rs 80.71 crore from Rs 48.12 crore a year earlier and Rs 61.28 crore in the preceding quarter. Profit for the period was Rs 60.14 crore, compared with Rs 35.95 crore in September 2025 and Rs 45.60 crore in June 2026. The company reported no exceptional item in any of those three quarters.

The year-on-year increase in profit exceeded the increase in revenue: profit rose 67% while operating revenue rose 43%. Total comprehensive income was Rs 60.70 crore in the latest quarter, against Rs 35.22 crore a year earlier, reflecting Rs 0.56 crore of other comprehensive income after tax.

What drove Automotive Axles’ quarterly costs and profit?

Automotive Axles recorded total expenses of Rs 590.25 crore in the September 2026 quarter, up from Rs 422.51 crore in the September 2025 quarter. Raw-material consumption increased to Rs 431.24 crore from Rs 300.26 crore, while other expenses rose to Rs 92.92 crore from Rs 65.63 crore.

Employee-benefit expense was Rs 42.34 crore, compared with Rs 37.21 crore a year earlier, and depreciation and amortisation was Rs 9.86 crore against Rs 8.70 crore. Finance costs were Rs 0.46 crore, up from Rs 0.35 crore. Changes in inventories of finished goods and work in progress were an expense of Rs 13.43 crore, compared with Rs 10.37 crore a year earlier.

Tax expense increased to Rs 20.58 crore from Rs 12.17 crore as profit before tax increased. Current tax accounted for Rs 19.57 crore and deferred tax for Rs 1.01 crore in the latest quarter. Other income declined to Rs 8.40 crore from Rs 8.87 crore a year earlier and Rs 10.35 crore in the June 2026 quarter.

How did Automotive Axles perform in the first six months?

Automotive Axles reported revenue from operations of Rs 1,179.38 crore for the six months ended September 30, 2026, compared with Rs 951.14 crore in the corresponding 2025 period. Profit for the six months increased to Rs 105.73 crore from Rs 71.68 crore, while earnings per share rose to Rs 69.96 from Rs 47.43.

Total income for the six-month period was Rs 1,198.12 crore, against Rs 969.17 crore a year earlier, and total expenses rose to Rs 1,056.13 crore from Rs 872.92 crore. Profit before tax consequently increased to Rs 141.99 crore from Rs 96.26 crore. The six-month result combines the September quarter with the June 2026 quarter, when revenue was Rs 516.82 crore.

Operating cash flow was Rs 86.06 crore for the six months, compared with Rs 80.34 crore in the prior-year period. Automotive Axles spent Rs 44.75 crore on property, plant, equipment and intangible assets, versus Rs 18.92 crore a year earlier, and paid Rs 48.36 crore in dividends to equity holders.

What changed in Automotive Axles’ balance sheet and cash position?

Automotive Axles’ total assets were Rs 1,569.10 crore at September 30, 2026, compared with Rs 1,520.33 crore at March 31, 2026. Total equity increased to Rs 1,156.31 crore from Rs 1,098.77 crore, as other equity rose to Rs 1,141.20 crore from Rs 1,083.66 crore; paid-up share capital remained Rs 15.11 crore.

Current assets rose to Rs 1,223.52 crore from Rs 1,199.46 crore, with inventories increasing to Rs 262.58 crore from Rs 214.31 crore and investments rising to Rs 169.67 crore from Rs 140.22 crore. Trade receivables fell to Rs 440.11 crore from Rs 492.17 crore, while cash and cash equivalents declined to Rs 30.82 crore from Rs 38.19 crore.

Total liabilities declined to Rs 412.79 crore at September 30, 2026 from Rs 421.56 crore at March 31, 2026. Current liabilities were Rs 395.25 crore, down from Rs 405.39 crore, although dues to micro and small enterprises increased to Rs 71.54 crore from Rs 40.10 crore. Dues to other creditors decreased to Rs 256.52 crore from Rs 295.43 crore.

Does Automotive Axles report segments or management changes?

Automotive Axles reported automotive components as its only reportable segment under Indian Accounting Standard 108, or Ind AS 108, Operating Segments. Management said its chief operating decision maker reviews operations as a manufacturer of automotive components, so the September 2026 results include no separate product, customer or geographical segment figures.

Automotive Axles had no subsidiary, associate or joint venture as of September 30, 2026. The board appointed Raman K as chief financial officer and key managerial personnel in a regular capacity effective November 12, 2026, replacing his interim designation held from February 4, 2026.

The audit committee reviewed the September 2026 results on November 11, 2026, and the board approved them on November 12, 2026. S.R. Batliboi & Associates LLP issued its limited-review report on November 12, 2026 and stated that nothing had come to its attention indicating that the results contained a material misstatement.

Conclusion

Automotive Axles delivered higher revenue and profit in both the September quarter and the first six months of fiscal 2027. September-quarter revenue increased by 43% to Rs 662.56 crore and profit rose by 67% to Rs 60.14 crore, while first-half profit increased to Rs 105.73 crore from Rs 71.68 crore.

The disclosed matter to watch is Automotive Axles’ continuing assessment of the Labour Codes’ effect on employee-benefit liabilities. The company recorded a Rs 11.99 crore exceptional expense in the year ended March 31, 2026 for higher gratuity and leave liabilities, and said it would evaluate any further measurement effect in ensuing quarters.