Belrise Industries Ltd

🚀 Belrise Industries Q2 FY '26: Record PAT, New Orders & Strategic Expansions

- Record PAT of ₹1,330M in Q2 FY '26.

- Total revenue up 14% YoY to ₹23,535M.

- EBITDA at ₹2,962M (12.6% margin); manufacturing EBITDA margins at 14.3%.

- ROCE improved from 14.4% to 15.3% in six months.

- New orders: EV platform (₹1,500M peak revenue), M&HCV entry (₹120M/month peak), and defense growth (armored vehicles + Israeli OEM talks).

- Facility expansions: New Chennai plant, Bhiwadi & Pune ramp-up.

- Diversification into solar structures for North America, potential India/Europe expansion.

- H-One subsidiary (acquired March 2025) reported ₹600M revenue in Q2, could double in 24 months.

- Capex guidance: ₹8,000M over FY '26–27.

- Focus on proprietary products (suspension, braking, steering) and high-tensile steel.

- Net debt: ₹9,614M as of Sept 30, 2025.

- Planned mergers: Badve Autocomp & Eximius LLP by FY '26.