Divgi TorqTransfer Systems Q4 FY26: record revenue, steadier mix, and exports take a bigger role

FY26 total income was INR 375.2 crore, EBITDA was INR 92.3 crore (24.6% margin), and PAT was INR 46.9 crore (12.5% margin).

Q4FY26 total income was INR 113.8 crore versus INR 64.1 crore in Q4FY25 (78% YoY). Q4FY26 EBITDA was INR 27.8 crore (92% YoY) and PAT was INR 15.5 crore (189% YoY).

FY26 mix disclosed was Transfer Case 49% (INR 183.0 crore), Components 30% (INR 112.2 crore), E-Gear Drive 8% (INR 28.5 crore) and Others 13% (INR 66.9 crore).

Exports revenue was INR 66.90 crore in FY26, with exports share stated at 18% of total revenue; management discussed a medium-term target of 20% to 25% export contribution.

The presentation states customer approval for production supplies and SOP expected to commence from Q2 FY27. Management said ramp-up was delayed due to longer customer vehicle testing, but production part approval is now received.

The board approved setting up a 100% wholly owned subsidiary in the US to strengthen presence and expand opportunities in the US market; management said two team members are expected to be on ground by Jul-Aug 2026.

Yes. The Board recommended a final dividend of INR 3.27 per equity share of face value INR 5, subject to shareholder approval.