Medium-term revenue growth of 15-18%
Management expects 15-18% revenue growth from new business wins, contingent on market recovery.
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growth
Capex of ₹300 crore in FY26 (excluding solar)
Capital expenditure plan of ₹300 crore for the year, with ₹120 crore already spent in Q1.
PV segment to reach 8-10% of revenue in 2 years
Passenger vehicle segment expected to grow from 6% to 8-10% of total revenues over next two years.
Front axle beam revenue of ₹30-40 crore in FY26
Front axle beam business expected to generate ₹30-40 crore revenue this year, ramping to ₹50-60 crore next year.
Revenue run-rate improvement from Q4 FY26
Management expects better revenue run-rate from Q4 FY26, driven by new project ramp-ups starting Q3.
PV segment to contribute 8-10% of revenue within 2 years
Passenger vehicle segment, currently 5% of revenue, is expected to reach 8-10% within two years, supported by SUV platform ramp-up.
₹650 crore capex program on schedule
The strategic capex program is progressing on schedule, with first phase (₹550 crore) expected to be operational from Q3 FY27.
Inorganic acquisition likely in 6-8 months
Management is evaluating 2-3 opportunities and expects to close a strategically aligned acquisition in the next 6-8 months.
FY27 Capex of ~₹400 crore (excluding solar)
Management expects total capex for FY27 to be close to ₹400 crore, excluding solar project; including solar it will be ~₹480 crore.
Incremental annual business of ₹800 crore from FY27
New and incremental peak annual business of approximately ₹800 crore expected to commence from FY27, scaling over 2-3 years, with 80-85% execution by FY28.
EBITDA margin range of 29-31% medium-term
Management expects EBITDA margins to remain in a sustained range of 29-31% over the medium term, with potential improvement from export mix and solar project.
Solar project to reduce power cost by ₹25-30 crore annually
Captive solar plant (80 acres) expected to be operational from Q3 FY28, reducing power cost by ₹25-30 crore per annum on full utilization.