• Q1 financial performance: Consolidated profit after tax grew nearly 300% year-on-year to ₹46.88 crore, revenue from operations increased nearly 20% to ₹1,216 crore, and EBITDA rose 46% to ₹222 crore with margins expanding to 18.2%.
• Capacity expansion plans: The company approved a ₹170 crore capital expenditure funded via internal accruals to add passenger vehicle capabilities this fiscal year and a 4,000-ton forging line next fiscal year, together expected to add ₹250 to 300 crore in revenue at an 18% to 20% EBITDA margin.
• Debt reduction target: Current debt stands at roughly ₹1,900 crore after a ₹100 crore reduction, with management remaining on track to cut total debt by ₹500 crore over the full financial year.
• Long-term growth outlook: The company targets a 15% to 20% CAGR over the next 3 to 5 years, expects EV revenue share to increase from 1% to 2% up to 5% to 10% in the next 1 to 2 years, while closely tracking tariffs and geopolitical risks in West Asia.