Federal-Mogul Goetze standalone profit rises, group falls 27%

Federal-Mogul Goetze (India) Limited reported standalone profit after tax of Rs 53.70 crore for the quarter ended 30 September 2026, up 4% year on year, while Federal-Mogul Goetze’s consolidated profit after tax fell 27% to Rs 37.25 crore despite consolidated revenue rising 15% to Rs 562.59 crore.

What were Federal-Mogul Goetze’s September-quarter results?

Federal-Mogul Goetze recorded higher revenue on both reporting bases in the quarter ended 30 September 2026, but standalone and consolidated profits moved in opposite directions. Standalone revenue from operations increased to Rs 547.36 crore from Rs 481.28 crore a year earlier, while profit after tax rose from Rs 51.42 crore to Rs 53.70 crore. Consolidated revenue rose from Rs 490.50 crore to Rs 562.59 crore, while consolidated profit after tax declined from Rs 51.31 crore to Rs 37.25 crore.

The pre-tax comparison showed the same split. Standalone profit before tax rose to Rs 72.18 crore from Rs 69.29 crore, whereas consolidated profit before tax fell to Rs 55.30 crore from Rs 70.01 crore. The consolidated results include Federal-Mogul Goetze and its subsidiary, Federal-Mogul TPR (India) Limited, while the standalone results cover the parent company.

Standalone basic and diluted earnings per share were Rs 9.65, compared with Rs 9.24 in the September 2025 quarter. Consolidated basic and diluted earnings per share were Rs 6.48, down from Rs 8.85. The filing states that per-share figures are not annualised except for the year ended 31 March 2026.

Why did Federal-Mogul Goetze’s profits diverge?

Federal-Mogul Goetze did not provide a management explanation for the divergent profit movements, but its filing shows substantially different other-income figures on the two reporting bases. Standalone other income was Rs 37.94 crore in the September 2026 quarter, compared with Rs 19.73 crore a year earlier. Consolidated other income was Rs 14.88 crore, compared with Rs 12.33 crore in the prior-year quarter.

Standalone other income exceeded consolidated other income by Rs 23.06 crore in the latest quarter. The standalone cash-flow statement records dividend income from investment in a subsidiary of Rs 19.89 crore in the half year ended 30 September 2026, compared with Rs 5.36 crore in the corresponding prior-year half. The quarterly statement does not separately identify the timing or amount of that dividend income, so it does not establish its contribution to the September-quarter result.

At the group level, profit attributable to owners of Federal-Mogul Goetze declined to Rs 36.04 crore from Rs 49.22 crore. Profit attributable to non-controlling interests fell to Rs 1.21 crore from Rs 2.09 crore. Together, those components made up consolidated profit after tax of Rs 37.25 crore for the latest quarter.

How did Federal-Mogul Goetze’s costs change?

Federal-Mogul Goetze’s consolidated total expenses increased by Rs 89.34 crore to Rs 522.17 crore in the September 2026 quarter, exceeding the Rs 72.08 crore increase in revenue from operations. Standalone total expenses increased by Rs 81.41 crore to Rs 513.13 crore, while standalone revenue rose by Rs 66.08 crore. The reported increases in expenses were larger than the increases in revenue on both bases.

Materials remained the largest expense line. Consolidated cost of materials consumed increased to Rs 240.20 crore from Rs 193.21 crore, while standalone material cost rose to Rs 243.48 crore from Rs 201.68 crore. Consolidated employee benefits expense increased to Rs 110.36 crore from Rs 105.68 crore and other expenses rose to Rs 141.66 crore from Rs 129.56 crore.

Consolidated finance costs were Rs 4.49 crore, compared with Rs 1.57 crore a year earlier, while depreciation and amortisation declined to Rs 20.87 crore from Rs 22.37 crore. In the standalone accounts, finance costs rose to Rs 4.49 crore from Rs 1.57 crore and depreciation and amortisation fell to Rs 18.82 crore from Rs 20.53 crore.

What does Federal-Mogul Goetze’s first-half performance show?

Federal-Mogul Goetze’s half-year figures mirror the quarterly divergence, with revenue growing at both levels but only standalone profit increasing. Standalone revenue from operations for the six months ended 30 September 2026 reached Rs 1,063.17 crore, compared with Rs 956.63 crore a year earlier. Standalone profit after tax increased to Rs 95.07 crore from Rs 92.85 crore.

Consolidated revenue from operations rose to Rs 1,088.85 crore from Rs 974.17 crore in the half year. However, consolidated profit after tax fell to Rs 82.58 crore from Rs 96.46 crore, while consolidated profit before tax declined to Rs 116.54 crore from Rs 131.02 crore. This compared with a Rs 2.22 crore rise in standalone half-year profit after tax.

Federal-Mogul Goetze classifies its activity predominantly in one reportable business segment, manufacturing and sale of auto components. It identifies India and countries outside India as its two principal geographical areas, but the filing does not give separate quarterly revenue or profit figures for either geography.

How did dividends and cash flows affect Federal-Mogul Goetze?

Federal-Mogul Goetze paid Rs 522.94 crore in interim and special dividends during the half year ended 30 September 2026. The board declared a total dividend of Rs 94 per equity share on 27 August 2026, comprising a Rs 7.50 interim dividend and a Rs 86.50 special dividend. The consolidated filing identifies 4 September 2026 as the record date.

Consolidated net cash generated from operating activities was Rs 25.58 crore in the latest half year, down from Rs 75.02 crore in the year-earlier period. Payments towards property, plant and equipment were Rs 108.00 crore, compared with Rs 35.69 crore. Net cash used in financing activities was Rs 549.35 crore, including the parent’s Rs 522.94 crore dividend payment and Rs 19.11 crore of dividend paid by the subsidiary.

Consolidated cash and cash equivalents at the end of the half year were Rs 224.31 crore in the cash-flow statement, compared with Rs 656.97 crore at the end of the prior-year half. The balance sheet showed trade receivables of Rs 334.46 crore at 30 September 2026, up from Rs 266.44 crore at 31 March 2026, while inventories rose to Rs 277.02 crore from Rs 224.79 crore.

Conclusion

Federal-Mogul Goetze’s September-quarter filing shows sales growth at both the parent and group levels, but a material gap in profit outcomes. Standalone profit after tax increased to Rs 53.70 crore as standalone other income reached Rs 37.94 crore, while consolidated profit after tax declined to Rs 37.25 crore and consolidated profit before tax fell by Rs 14.71 crore year on year.

The next disclosure will show how the group’s operating cash generation develops after Rs 108.00 crore of first-half capital expenditure and the Rs 522.94 crore parent dividend payment. Federal-Mogul Goetze disclosed no earnings target, while receivables of Rs 334.46 crore and inventories of Rs 277.02 crore at 30 September 2026 provide further balances for comparison in subsequent results.