NDR Auto H1 FY27 PAT rises 27.2% as EBITDA margin hits 11.5%

NDR Auto Components Limited reported H1 FY27 profit after tax (PAT) of Rs 36.18 crore, up 27.2% year on year, as earnings before interest, tax, depreciation and amortisation (EBITDA) margin rose to 11.5% from 11.1%. Revenue from operations increased 20.8% to Rs 465.47 crore, while EBITDA rose 25.3% to Rs 53.92 crore.

What drove NDR Auto’s H1 FY27 profit growth?

NDR Auto’s H1 FY27 PAT rose faster than revenue, increasing by Rs 7.74 crore to Rs 36.18 crore against a Rs 80.29 crore increase in revenue from operations to Rs 465.47 crore. EBITDA increased 25.3% to Rs 53.92 crore from Rs 43.03 crore in H1 FY26, and EBITDA margin increased by 0.4 percentage points to 11.5%.

NDR Auto reported total income of Rs 470.41 crore in H1 FY27, including other income of Rs 4.94 crore, compared with total income of Rs 386.58 crore and other income of Rs 1.40 crore a year earlier. Total expenses were Rs 431.35 crore against Rs 354.80 crore, while depreciation and amortisation expense rose by Rs 3.27 crore to Rs 13.03 crore and finance costs rose by Rs 0.33 crore to Rs 1.82 crore.

NDR Auto’s profit before tax (PBT) increased 24.3% to Rs 46.05 crore, with PBT margin rising to 9.8% from 9.6%. Tax expense was Rs 9.87 crore compared with Rs 8.59 crore in H1 FY26, and PAT margin rose by 0.3 percentage points to 7.7% from 7.4%.

How did NDR Auto perform in Q2 FY27?

NDR Auto reported Q2 FY27 PAT of Rs 19.78 crore, up 33.2% from Rs 14.85 crore in Q2 FY26, on revenue from operations of Rs 244.02 crore. Quarterly revenue increased 22.0% from Rs 199.96 crore, while total income increased 23.5% to Rs 247.86 crore.

NDR Auto’s Q2 FY27 EBITDA was Rs 27.47 crore, up 21.7% from Rs 22.58 crore a year earlier, but EBITDA margin was 11.1% compared with 11.2% in Q2 FY26. This quarterly margin movement differed from the half-year result, where the margin increased to 11.5% from 11.1%.

NDR Auto’s Q2 FY27 PBT increased 27.3% to Rs 24.95 crore from Rs 19.60 crore, and PBT margin improved to 10.1% from 9.8%. PAT margin was 8.0% compared with 7.4% a year earlier, while tax expense rose to Rs 5.17 crore from Rs 4.76 crore.

What changed in NDR Auto’s balance sheet by H1 FY27?

NDR Auto’s capital work-in-progress increased to Rs 38.97 crore at H1 FY27 from Rs 19.35 crore at FY26, while trade receivables rose to Rs 136.27 crore from Rs 100.82 crore. Total assets were Rs 607.36 crore, compared with Rs 563.02 crore at FY26 and Rs 531.70 crore at H1 FY26.

NDR Auto’s net fixed assets were Rs 193.44 crore at H1 FY27, below Rs 201.59 crore at FY26 but above Rs 186.14 crore at H1 FY26. Total non-current assets rose to Rs 401.18 crore from Rs 381.90 crore at FY26, alongside the increase in capital work-in-progress.

NDR Auto’s cash and bank balance declined to Rs 6.28 crore from Rs 23.26 crore at FY26 and Rs 18.04 crore at H1 FY26, even as total current assets rose to Rs 206.18 crore from Rs 181.12 crore. The balance-sheet snapshot also reported no total borrowings for H1 FY27, H1 FY26, FY26 or FY25, while other liabilities were Rs 222.90 crore at H1 FY27.

How does H1 FY27 compare with NDR Auto’s longer financial record?

NDR Auto’s H1 FY27 EBITDA margin of 11.5% and PAT margin of 7.7% were above its FY26 margins of 11.3% and 7.5%, respectively. The company reported FY26 revenue from operations of Rs 823 crore, EBITDA of Rs 94 crore and PAT of Rs 62 crore, compared with Rs 114 crore, Rs 14 crore and Rs 9 crore in FY21.

NDR Auto stated that revenue from operations recorded a compound annual growth rate (CAGR) of 46.61% from FY21 to FY26, while EBITDA and PAT recorded CAGRs of 46.02% and 48.66%, respectively. EBITDA margin moved from 11.6% in FY21 to 9.0% in FY22 before reaching 11.3% in FY26, while PAT margin increased from 7.0% in FY21 to 7.5% in FY26.

NDR Auto reported FY26 return on equity of 20.11, return on capital employed (ROCE) of 23.28 and adjusted ROCE of 36.22. The company defines adjusted ROCE as earnings before interest and tax excluding non-productive land income and surplus cash income, divided by average capital employed comprising net fixed assets and working capital.

NDR Auto’s working-capital days declined to 15 in FY26 from 299 in FY21, while net capital turnover increased to 23 times from 1 time. In FY26, inventory turnover was 17.88 times, trade-receivable turnover was 8.47 times and the current ratio was 1.25, compared with 19.26 times, 7.89 times and 1.39, respectively, in FY25.

Conclusion

NDR Auto’s H1 FY27 accounts show revenue growth of 20.8% to Rs 465.47 crore alongside a 27.2% increase in PAT to Rs 36.18 crore. EBITDA growth of 25.3% exceeded revenue growth and lifted the H1 EBITDA margin to 11.5%, although Q2 FY27 margin of 11.1% was 0.1 percentage point below the prior-year quarter.

The next reported balance-sheet movements will be relevant because capital work-in-progress was Rs 38.97 crore, trade receivables were Rs 136.27 crore and cash and bank balance was Rs 6.28 crore at H1 FY27. The presentation does not disclose a capital-work completion timetable, revenue target or future financial guidance range for these items.