Fiem Industries Q2 standalone profit rises 32% to Rs 84.17 crore

Fiem Industries Limited reported standalone net profit of Rs 84.17 crore for the quarter ended September 30, 2026, up about 32% from Rs 63.78 crore a year earlier, as revenue from operations rose 31.1% to Rs 936.88 crore. The board approved the unaudited standalone results on November 12, 2026.

How did Fiem Industries perform in Q2?

Fiem Industries increased standalone revenue, profit before tax and net profit in the quarter ended September 30, 2026. Revenue from operations reached Rs 936.88 crore, compared with Rs 714.79 crore in the quarter ended September 30, 2025, while total income, including other income, rose to Rs 940.04 crore from Rs 720.33 crore. Net sales contributed Rs 931.78 crore and other operating income contributed Rs 5.10 crore to quarterly operating revenue.

Profit before tax rose 34.1% to Rs 114.01 crore from Rs 85.05 crore in the previous-year quarter. Tax expense increased to Rs 29.84 crore from Rs 21.26 crore, resulting in net profit of Rs 84.17 crore. Basic and diluted earnings per share, or EPS, increased to Rs 31.98 from Rs 24.23; the company stated that quarterly EPS is not annualised.

Fiem Industries also reported sequential growth from the quarter ended June 30, 2026. Revenue from operations rose from Rs 775.38 crore, profit before tax increased from Rs 88.58 crore, and net profit rose from Rs 65.19 crore. Other income, however, declined to Rs 3.16 crore in the September quarter from Rs 4.81 crore in the June quarter.

What drove Fiem Industries' Q2 revenue and profit?

Fiem Industries' automotive segment supplied nearly all standalone operating revenue and segment earnings in the September 2026 quarter. Automotive segment revenue, comprising sales and other operating income, rose 30.9% year on year to Rs 935.02 crore from Rs 714.07 crore. The segment includes automotive lighting and signalling equipment, rear-view mirrors, plastic-moulded parts and other automotive components.

Automotive segment result, defined by the company as profit before tax and interest from the segment, increased to Rs 121.78 crore from Rs 87.91 crore. The reported segment result exceeded company-level profit before tax because finance costs and other unallocable expenditure are deducted after segment results. Finance costs were Rs 1.10 crore in the latest quarter, compared with Rs 37.12 lakh a year earlier, while net unallocable expenditure was Rs 6.70 crore against Rs 2.37 crore.

The Others segment remained substantially smaller than automotive operations. This segment, which includes LED luminaires, indoor and outdoor lighting products, display panels and integrated passenger information systems, reported revenue of Rs 185.94 lakh, up from Rs 71.85 lakh. Its segment result turned to a profit of Rs 3.22 lakh from a loss of Rs 12.91 lakh in the quarter ended September 30, 2025.

How did Fiem Industries' costs and half-year results change?

Fiem Industries' total expenses rose to Rs 826.03 crore in the September 2026 quarter from Rs 635.29 crore a year earlier as revenue expanded. Material consumption, the largest expense line, increased to Rs 593.71 crore from Rs 439.58 crore. Employee benefits expense rose to Rs 126.07 crore from Rs 96.48 crore, while other expenses increased to Rs 85.80 crore from Rs 79.48 crore.

Depreciation and amortisation stayed broadly stable at Rs 19.12 crore, compared with Rs 19.23 crore in the prior-year quarter. Based on the reported figures, net profit represented about 9.0% of revenue from operations in the latest quarter, compared with about 8.9% a year earlier. This calculation compares the 32% rise in net profit with the 31.1% increase in operating revenue.

For the six months ended September 30, 2026, revenue from operations increased 24.7% to Rs 1,712.26 crore from Rs 1,373.11 crore in the corresponding period of 2025. Net profit rose 24.6% to Rs 149.36 crore from Rs 119.84 crore, while profit before tax increased to Rs 202.59 crore from Rs 160.79 crore. Half-year EPS was Rs 56.75, compared with Rs 45.53 in the prior-year six months.

What do Fiem Industries' cash flow and balance sheet show?

Fiem Industries generated net cash from operating activities of Rs 95.25 crore during the six months ended September 30, 2026, compared with Rs 94.12 crore in the previous corresponding period. The cash-flow statement recorded an increase of Rs 142.84 crore in trade receivables and Rs 75.85 crore in inventories. These movements were partly offset by a Rs 100.91 crore increase in trade payables.

Net cash used in investing activities rose to Rs 98.60 crore from Rs 41.68 crore. Payments for property, plant and equipment, intangible assets, capital work in progress and capital advances totalled Rs 108.17 crore, compared with Rs 56.74 crore a year earlier. Net cash used in financing activities was Rs 109.68 crore, including dividend payments of Rs 105.28 crore.

Cash and cash equivalents declined to Rs 163.42 crore at September 30, 2026 from Rs 276.45 crore at the start of the half year. Standalone total assets increased to Rs 1,874.15 crore from Rs 1,694.52 crore at March 31, 2026. Equity stood at Rs 1,252.69 crore and total liabilities were Rs 621.47 crore at the September reporting date.

What is the status of Fiem Industries' insurance claims?

Fiem Industries said the final settlement of its Unit 8 fire claim at Tapukara, Rajasthan, remains subject to the insurer's assessment. The fire occurred on August 23, 2025, and the company submitted an estimated reinstatement-value claim of Rs 82.30 crore on January 30, 2026. It had recognised an insurance-claim receivable for inventory carrying value of Rs 21.06 crore and property, plant and equipment carrying value of Rs 27.68 crore during the quarter ended September 30, 2025.

Fiem Industries also said the assessment remains under process for the June 13, 2023 fire at Unit 7 in Rai, Haryana. The company has completed reinstatement of all property, plant and equipment and received Rs 50 crore as an ad hoc or interim insurer payment during the year ended March 31, 2025. The cited carrying values were Rs 25.84 crore for inventories and Rs 25.53 crore for property, plant and equipment.

The company said any additional accounting impact from the Tapukara claim will be recorded when the insurer finalises the settlement. For the Rai claim, it said final accounting entries will be recorded on finalisation by the insurer. Both matters were disclosed alongside the September 30, 2026 standalone results, which were subject to a limited review by the statutory auditors.

Conclusion

Fiem Industries' September-quarter results showed profit growth broadly tracking revenue growth, with net profit rising about 32% to Rs 84.17 crore and revenue from operations rising 31.1% to Rs 936.88 crore. Automotive operations generated Rs 935.02 crore of segment revenue and Rs 121.78 crore of segment result, while the smaller Others segment reported Rs 185.94 lakh of revenue and a Rs 3.22 lakh profit.

The next disclosed matters to watch are the insurers' assessments of the Rs 82.30 crore estimated Tapukara claim and the Rai claim, for which Rs 50 crore has already been received as an interim payment. Fiem Industries said it will record any additional Tapukara accounting impact and the final Rai entries once the respective insurance claims are finalised.