Honda India Power Products LimitedQ1 FY27 Results & Financial Update
Honda India Power Products Limited: Q1 FY27 standalone results and company financials – revenue ₹189.25 Cr, PAT ₹11.10 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Honda India Power Products Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Honda India Power Products Limited reported total income of INR 196.67 crore for the quarter ended June 30, 2026, driven by revenue from operations of INR 189.25 crore and other income of INR 7.42 crore.
Profit before tax for Q1 FY27 stood at INR 15.10 crore, after accounting for total expenses of INR 181.57 crore during the period.
Tax expenses for the quarter amounted to INR 4.00 crore, comprising current tax of INR 3.95 crore and deferred tax of INR 0.05 crore.
Net profit (Profit for the period) reached INR 11.10 crore, translating to basic and diluted earnings per share of INR 10.94 for the quarter.
Total comprehensive income for the period was recorded at INR 10.97 crore, inclusive of other comprehensive loss items net of tax.
The board approved senior leadership changes during the quarter, including the upcoming retirement of Whole Time Director and CFO Mr. Vinay Mittal and the appointment of Mr. Sameer Jain as CFO effective October 1, 2026.
During the quarter ended 30 June 2026 (Q1 FY27), Honda India Power Products Limited reported standalone revenue from operations of INR 189.25 crore, reflecting its core business activity during the period.
Total income for Q1 FY27 stood at INR 196.67 crore, inclusive of other income amounting to INR 7.42 crore, contributing to the overall financial performance of the company.
01 · Business model
What does Honda India Power Products do?
Honda India Power Products Limited operates in the power products segment, manufacturing and marketing a diverse range of portable generators, water pumps, general-purpose engines, and brush cutters.
The company serves both domestic and international markets, utilizing its manufacturing facility located in Greater Noida, Uttar Pradesh, to supply power equipment for agricultural, industrial, and household applications.
The business model centers on leveraging Honda's engineering and brand reputation to meet mechanized power requirements across diverse end-user segments, supported by an extensive distribution network.
02 · Historical context
What shaped the business before this quarter
Previously known as Honda Siel Power Products Limited, the company changed its name to Honda India Power Products Limited to align with its parent branding.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹189.25 Cr |
| Total income | ₹196.67 Cr |
| Profit before tax | ₹15.10 Cr |
| Profit after tax | ₹11.10 Cr |
| EPS | ₹10.94 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 5.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 8.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹7.42 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations reached INR 189.25 crore for Q1 FY27, representing the aggregate of contract revenues from customers and other operating revenues.
The company recorded INR 7.42 crore in other income, supporting overall financial performance alongside core operational streams.
What drove margins
Cost of materials consumed stood at INR 127.55 crore, while purchases of stock-in-trade were INR 25.95 crore, alongside a substantial inventory change adjustment of INR -47.07 crore.
Employee benefit expenses were recorded at INR 35.06 crore, depreciation and amortisation expenses at INR 6.69 crore, and other expenses at INR 33.33 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single primary business segment defined as 'Power Products' pursuant to Ind AS-108.
Geography and market mix
Revenue from contracts with customers within India stood at INR 128.21 crore (with operating revenue of INR 128.21 crore and other operating revenue of INR 26.40 crore), while outside India (export) revenue from contracts with customers reached INR 58.40 crore.
06 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Finance costs for the quarter were minimal at INR 0.06 crore.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Board Resignation
Mr. Vinay Mittal tendered his resignation from the position of Whole Time Director effective at the close of business hours on September 1, 2026.
08 · Key Q&A
The quarter, answered directly
What does Honda India Power Products do?
Honda India Power Products Limited operates in the power products segment, manufacturing and marketing a diverse range of portable generators, water pumps, general-purpose engines, and brush cutters.
What is the clearest takeaway from Q1 FY27?
Honda India Power Products Limited reported total income of INR 196.67 crore for the quarter ended June 30, 2026, driven by revenue from operations of INR 189.25 crore and other income of INR 7.42 crore.
What drove revenue or demand?
Revenue from operations reached INR 189.25 crore for Q1 FY27, representing the aggregate of contract revenues from customers and other operating revenues.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 127.55 crore, while purchases of stock-in-trade were INR 25.95 crore, alongside a substantial inventory change adjustment of INR -47.07 crore.
What changed operationally beyond the headline numbers?
Mr. Vinay Mittal tendered his resignation from the position of Whole Time Director effective at the close of business hours on September 1, 2026.
What should the next disclosure help confirm?
Monitor the official assumption of office by incoming CFO Mr. Sameer Jain on October 1, 2026, following the retirement of Mr. Vinay Mittal.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Leadership Transition: Monitor the official assumption of office by incoming CFO Mr. Sameer Jain on October 1, 2026, following the retirement of Mr. Vinay Mittal.
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