Automotive Axles LimitedQ1 FY27 Results & Financial Update
Automotive Axles Limited: Q1 FY27 standalone results and company financials – revenue ₹516.82 Cr, PAT ₹45.60 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Automotive Axles price & chart
Market priceLoading…
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Automotive Axles 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
Automotive Axles Limited posted revenue from operations of INR 516.821 crore for the quarter ended June 30, 2026, marking an increase compared to INR 489.376 crore in the corresponding quarter of the previous year, though moderating sequentially from INR 664.299 crore in the quarter ended March 31, 2026.
Total income for Q1 FY27 reached INR 527.167 crore, inclusive of INR 10.346 crore in other income. This compares with total income of INR 498.542 crore reported in Q1 FY25 [Note: Q1 FY26] and INR 669.814 crore in the preceding quarter ended March 31, 2026.
Profit before tax (PBT) for the quarter stood at INR 61.280 crore, advancing from INR 48.135 crore in the year-ago period, while decreasing from INR 72.323 crore reported in the preceding fourth quarter of FY26.
Net profit after tax (PAT) for the quarter arrived at INR 45.596 crore, translating to basic and diluted earnings per share (EPS) of INR 30.17. In the same period last year, PAT stood at INR 35.721 crore with an EPS of INR 23.64, while Q4 FY26 net profit was INR 53.894 crore with an EPS of INR 35.66.
Total expenses for the quarter were INR 465.887 crore, reflecting disciplined cost management compared to INR 597.491 crore in Q4 FY26. Cost of raw materials consumed was INR 384.631 crore, accompanied by a negative inventory adjustment of INR 50.588 crore reflecting a buildup in finished goods and work-in-progress inventories.
Employee benefits expense for the quarter was INR 41.569 crore, easing from INR 47.357 crore in the March 2026 quarter but higher than INR 34.624 crore in the year-ago period. Finance costs remained subdued at INR 0.419 crore, while depreciation and amortization expenses stood at INR 8.547 crore.
Tax expense for the current quarter totaled INR 15.684 crore, comprising current tax of INR 14.975 crore and deferred tax of INR 0.709 crore. Other comprehensive income showed a minor net loss of INR 0.395 crore after tax, primarily driven by remeasurements of defined benefit plans.
01 · Business model
What does Automotive Axles do?
Automotive Axles Limited operates as a manufacturer of automotive components, focusing primarily on drive axles, front steering axles, and related parts for the commercial vehicle segment. The company serves major vehicle manufacturers from its registered manufacturing facility located at the Hootagalli Industrial Area in Mysuru, Karnataka.
The operational footprint centers on heavy-duty and medium-duty axle assemblies, catering to trucks and buses. The company's economic model relies heavily on commercial vehicle production cycles, commercial fleet operators' demand, and raw material cost dynamics, primarily steel and related ferrous inputs.
The chief operating decision maker reviews the company's operations as a single reportable operating segment representing automotive components, maintaining standard quality certifications including ISO 9001, IATF 16949, ISO 14001, and ISO 45001.
02 · Historical context
What shaped the business before this quarter
Since its establishment, the company has operated as a key specialized manufacturer of drive axles and related components for the Indian commercial vehicle sector from its primary manufacturing unit in Mysuru, Karnataka.
During FY26, the company incurred a non-recurring exceptional expense of INR 11.987 million following the enactment of the new Labour Codes notified by the Government of India on November 21, 2025, which introduced enhanced gratuity past-service cost and leave liabilities.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹516.82 Cr |
| Total income | ₹527.17 Cr |
| Profit before tax | ₹61.28 Cr |
| Profit after tax | ₹45.60 Cr |
| EPS | ₹30.17 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 8.8% 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 11.9% 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 ₹10.35 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 516.821 crore in Q1 FY27, compared to INR 489.376 crore in the corresponding period of the previous year and INR 664.299 crore in the preceding quarter.
Other income contributed INR 10.346 crore to the total income of INR 527.167 crore during the quarter.
What drove margins
Cost of raw materials consumed stood at INR 384.631 crore, offset by a positive inventory movement of finished goods and work-in-progress amounting to a negative expense adjustment of INR 50.588 crore.
Employee benefits expense settled at INR 41.569 crore, while other expenses aggregated to INR 81.309 crore for the quarter.
Depreciation and amortization expenses were reported at INR 8.547 crore, and finance costs were maintained at a minimal INR 0.419 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
In accordance with Ind AS 108, the Chief Operating Decision Maker reviews operations as a single reportable segment encompassing automotive components, rendering separate segment reporting inapplicable.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The company confirmed that it has no subsidiary, associate, or joint venture companies as of June 30, 2026, maintaining a standalone operational structure.
07 · Reported developments
What changed operationally
Net profit for Q1 FY27 increased to INR 45.596 crore from INR 35.721 crore in the corresponding period of the previous year, with EPS rising to INR 30.17 from INR 23.64.
08 · Items worth noticing
The line items that can distort a quick read
As disclosed in FY26, the company recognized a non-recurring exceptional expense of INR 11.987 crore during the year ended March 31, 2026, due to increased gratuity past-service cost and leave liabilities resulting from the new Labour Codes.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor Review
The unaudited financial results for the quarter ended June 30, 2026, were subjected to a limited review by statutory auditors S R Batliboi & Associates LLP and approved by the Board of Directors on August 5, 2026.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations moderated from INR 664.299 crore in Q4 FY26 to INR 516.821 crore in Q1 FY27, accompanied by a decrease in PBT from INR 72.323 crore to INR 61.280 crore.
11 · Key Q&A
The quarter, answered directly
What does Automotive Axles do?
Automotive Axles Limited operates as a manufacturer of automotive components, focusing primarily on drive axles, front steering axles, and related parts for the commercial vehicle segment. The company serves major vehicle manufacturers from its registered manufacturing facility located at the Hootagalli Industrial Area in Mysuru, Karnataka.
What is the clearest takeaway from Q1 FY27?
Automotive Axles Limited posted revenue from operations of INR 516.821 crore for the quarter ended June 30, 2026, marking an increase compared to INR 489.376 crore in the corresponding quarter of the previous year, though moderating sequentially from INR 664.299 crore in the quarter ended March 31, 2026.
What drove revenue or demand?
Revenue from operations reached INR 516.821 crore in Q1 FY27, compared to INR 489.376 crore in the corresponding period of the previous year and INR 664.299 crore in the preceding quarter.
What mattered most for margins or profitability?
Cost of raw materials consumed stood at INR 384.631 crore, offset by a positive inventory movement of finished goods and work-in-progress amounting to a negative expense adjustment of INR 50.588 crore.
What changed operationally beyond the headline numbers?
The company confirmed that it has no subsidiary, associate, or joint venture companies as of June 30, 2026, maintaining a standalone operational structure.
What should the next disclosure help confirm?
Monitor upcoming quarterly production volumes and demand cycles across the domestic commercial vehicle sector.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
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.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Commercial Vehicle Demand Trends: Monitor upcoming quarterly production volumes and demand cycles across the domestic commercial vehicle sector.
- 02
Labour Code Evolution: Track ongoing developments and final implementation rules pertaining to the new Labour Codes and any potential further evaluations on employee benefit liabilities.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.