Kheria Autocomp H1 FY27 Revenue Rises 31.4%

Kheria Autocomp Limited reported revenue from operations of ₹72.27 crore for the half year ended September 30, 2026, up from ₹55.01 crore in the corresponding period a year earlier. The 31.38% year-on-year increase came as the company operated its existing facility at 98.9% capacity utilisation. Its production during H1 FY27 stood at 2,673 metric tonnes. The company has also outlined a capacity expansion at Sanand-II to address the constraint at its current plant.

Results approved on October 29

The board meeting held on October 29, 2026 considered and approved the unaudited half-yearly financial results for the period ended September 2026. The company’s earlier exchange intimation had stated that the meeting would consider the financial results and other business matters. The results update said H1 FY27 revenue increased 31.38% year on year. It also reported profit after tax of ₹6.28 crore, compared with ₹4.53 crore in the prior-year period. This represents a 38.7% increase in reported profit after tax.

Revenue reaches ₹72.27 crore

Revenue from operations rose to ₹72.27 crore in H1 FY27 from ₹55.01 crore in H1 FY26. The increase was ₹17.26 crore on a year-on-year basis. The available business update does not provide a split between volume growth and changes in realisation. It also does not disclose customer concentration or whether additional capacity is backed by firm orders. These disclosures will remain relevant when assessing the composition and sustainability of growth.

Profit and margin data

The half-yearly summary shows operating profit of about ₹13 crore in H1 FY27, compared with about ₹10 crore a year earlier. The operating profit margin was shown at 17% in both periods. Reported profit before tax was about ₹9 crore, while interest and depreciation were about ₹2 crore each. Tax rate was shown at 26%, compared with 25% in the previous year. Net profit was shown at about ₹6 crore, with earnings per share of ₹3.96 versus ₹4.03.

EBITDA calculation in the results material

Based on the figures supplied in the results statement, EBITDA is calculated at ₹10.65 crore. This calculation adds profit before tax of ₹8.53 crore, finance costs of ₹2.11 crore and depreciation of ₹2.10 crore, then deducts other income of ₹0.13 crore. Against revenue of ₹72.27 crore, the implied EBITDA margin is approximately 14.75%. The company has not published an earnings-call transcript for this reporting period. Therefore, the available figures reflect the results statement and business update rather than management guidance.

Key H1 FY27 figures

Existing facility nears full utilisation

Kheria Autocomp said its installed capacity is 5,400 metric tonnes per annum. Production of 2,673 MT in the first half of FY27 translates to reported utilisation of 98.9%. This high utilisation level provides the immediate context for the expansion plan. It also means that further output growth from the existing site may be limited without additional capacity. The company’s update frames Sanand-II as the next step in increasing manufacturing capacity.

Sanand-II project adds 2,400 MTPA

The new Sanand-II facility is planned to add 2,400 MTPA of capacity. This would increase total installed capacity from 5,400 MTPA to 7,800 MTPA, an expansion of 44%. Kheria Autocomp has targeted commercial production from the facility in January 2027. The stated capital expenditure for the project exceeds ₹65 crore. Execution against the January 2027 commissioning target will be an important disclosed operational milestone.

Funding mix for the expansion

The company said ₹39.96 crore of the Sanand-II project cost will be funded through IPO proceeds. A further ₹25.04 crore is to come from promoter infusion. The disclosed funding components together amount to ₹65 crore. No debt funding was mentioned in the supplied funding mix. The company listed on September 24, 2026, and the October 29 update said utilisation of IPO proceeds had been certified.

What the market data shows

The reported revenue growth, capacity utilisation and expansion plan are the central disclosed factors for investors. Revenue growth of 31.38% and profit growth of 38.7% indicate higher reported earnings over the comparable half-year period. At the same time, the available update does not provide H1 EBITDA, a volume-versus-realisation breakdown, or customer-level exposure. It also does not state the pricing or detailed terms of the promoter infusion. Those details could add context when the company makes further disclosures.

FY26 provides the comparison base

The supplied material cites FY26 revenue of ₹120.01 crore. It also refers to an FY26 EBITDA margin of 19.1% and a PAT margin of 9.5%. These annual figures provide a reference point, but they should not be treated as guidance for FY27. The H1 FY27 operating profit margin in the half-yearly summary was 17%. The difference between period-level metrics and the calculation-based EBITDA figure highlights the need to distinguish reported line items from derived measures.

Next disclosures to watch

Kheria Autocomp had scheduled an H1 FY27 earnings conference call for November 2, 2026. The company’s next operational update may provide additional information on margins, commissioning progress and capacity ramp-up. Commercial production at Sanand-II remains targeted for January 2027. Until further disclosures are made, the reported H1 revenue, profit, utilisation and funding plan remain the principal confirmed indicators from the company’s results statement.

Conclusion

Kheria Autocomp closed H1 FY27 with revenue of ₹72.27 crore, up 31.38% year on year, and reported profit after tax of ₹6.28 crore. With the existing facility operating at 98.9% utilisation, the planned 44% capacity increase at Sanand-II is central to the company’s stated expansion plan. The next confirmed milestone is the planned January 2027 start of commercial production at the new facility.