Belrise Industries Limited Q2 FY27 Results Due November 13

Belrise Industries Limited is scheduled to consider its Q2 FY27 results on November 13, 2026, following June-quarter consolidated sales of ₹2,546 crore, up 13% year on year. The September-quarter announcement will show whether revenue growth moved towards management's mid-teens FY27 objective while margins faced higher raw-material costs.

When will Belrise Industries announce Q2 FY27 results?

Belrise Industries is scheduled to announce unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, after its board meeting in Pune on Friday, November 13. The filing covers the July-September 2026 period, which is the second quarter of FY27.

The results are due 44 days after the September quarter ended. An earlier preview noted that listed companies had until November 14, 2026, to publish September-quarter results under the applicable 45-day timeline. The company has also scheduled an analyst and investor conference call for November 16, 2026, at 9:30 am IST. Its presentation is expected to be available on the company website before the call.

No verified analyst consensus estimate for the coming quarter was provided in the available information. Therefore, the scheduled release, rather than an earnings forecast, is the relevant reference point for investors awaiting reported revenue, operating profit and net profit.

What did Belrise Industries report in the previous quarter?

Belrise Industries reported consolidated sales of ₹2,546 crore in Q1 FY27, a 13% increase from ₹2,262 crore in Q1 FY26. EBITDA rose 5% to ₹293 crore, while net profit increased 9% to ₹122 crore from ₹112 crore a year earlier.

The quarterly sales figure was marginally lower than ₹2,553 crore in the preceding March 2026 quarter. Net profit also declined from ₹130 crore sequentially, and earnings per share were ₹1.37 compared with ₹1.53 in the March quarter. The reported EBITDA margin was 11.52%, below the FY26 base margin of 12.1% cited in management's FY27 framework.

The September-quarter comparison base is Q2 FY26, when Belrise Industries reported revenue of ₹2,354 crore and profit of ₹133 crore. This base is important because the June quarter's profit was below that earlier quarterly profit despite revenue growing from the June 2025 level.

What operating trends will matter in the September quarter?

Belrise Industries' Q2 FY27 numbers will be assessed against management's aim of mid-teens revenue growth for FY27 and EBITDA margin broadly stable versus FY26's 12.1%. The June quarter delivered 12.57% revenue growth and an 11.52% operating margin, leaving a margin gap that management had linked to anticipated commodity pass-throughs.

Raw-material conditions were challenging during the quarter. Domestic hot-rolled coil prices reached ₹62,000 per tonne in early September and ₹64,000 per tonne by September 22, representing a 25% year-on-year increase. Polypropylene was reported up 41% year on year, while PVC rose from ₹78 per kg in early July to ₹94 per kg in September. Management has indicated that pass-throughs could arrive in coming quarters but did not quantify their effect.

Demand indicators were mixed. SIAM two-wheeler dispatches grew 15.2% year on year in Q2, below the 20.3% growth recorded in Q1 and below the 20-25% industry pace cited by management. Commercial-vehicle dispatches increased 28.7% year on year, supporting the direction of the company's four-wheeler and commercial-vehicle expansion plans.

How do the results affect Belrise Industries investors and operations?

The release will provide an updated view of whether Belrise Industries can sustain its growth targets while commissioning capacity. The company supplies sheet-metal chassis, body-in-white and other components to Indian two-wheeler and four-wheeler original equipment manufacturers. It operates 27 plants and has a stated 24% share of Indian two-wheeler metal components.

Six facilities are being ramped simultaneously, including sites in Chennai, Pune and Bhiwadi, a new Chennai facility, and two H-One facilities. Management has said these facilities initially operate with less-than-optimal EBITDA margins. That makes the September-quarter margin and management commentary relevant to the pace at which newer operations can improve profitability.

The four-wheeler and commercial-vehicle business is another key operating measure. Management has targeted 40-45% revenue growth in this segment during FY27, but Q1 growth was 18%. The expected Q3 FY27 completion of Hyva tipper-body consolidation is also part of the reported expansion plan, so investors may seek clarity on its timing and contribution.

What financial targets and market measures are being tracked?

Belrise Industries has outlined capital expenditure of 6-6.5% of manufacturing revenue for FY27 within an FY26-FY27 programme of ₹800 crore. It has also referred to a high-teens return on capital employed objective over 18-24 months from November 2025. Annualised return on average capital employed in Q1 was reported at 13.10%.

The available market data placed the company's market capitalisation between ₹20,661 crore and ₹20,987 crore, with the share price cited between ₹213.63 and ₹217 in the materials provided. These are reference figures from before the results and do not establish a post-results market reaction. The reported valuation measures included a price-to-earnings ratio of 36.3, return on equity of 9.7%, return on capital employed of 13.4%, and FY26 dividend yield of 0.25%.

The company also reported nil deviation in the use of ₹2,150 crore of IPO proceeds for Q1 FY27. For the September-quarter release, the reported numbers and the November 16 earnings call will be the principal sources for updates on commodity recovery, capital spending, capacity ramp-up and segment growth.

Conclusion

Belrise Industries enters its Q2 FY27 announcement with June-quarter sales growth of 13% but EBITDA growth of 5%, reflecting pressure on profitability as material costs rose. The September result matters because it will provide the first reported indication of whether pricing actions and higher vehicle demand have supported the company's mid-teens revenue-growth and stable-margin framework.

Investors will next watch the November 16, 2026, earnings call for management's comments on commodity pass-throughs, the six-facility ramp-up, four-wheeler and commercial-vehicle growth, and the planned Hyva tipper-body consolidation in Q3 FY27.