Igarashi Motors India LimitedQ1 FY27 Results & Financial Update
Igarashi Motors India Limited: Q1 FY27 standalone results and company financials – revenue ₹250.87 Cr, PAT ₹6.77 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.
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Quarterly Results AnalysisExplore Igarashi Motors India 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
Igarashi Motors India Limited reported a standalone revenue from operations of INR 250.87 crore for the first quarter ended June 30, 2026, alongside total income of INR 251.84 crore.
Profitability for the quarter registered a profit before tax of INR 7.16 crore and a net profit (PAT) of INR 6.77 crore, translating to basic and diluted earnings per share of INR 2.15.
The bottom-line performance benefited from a favorable tax order during the period, which included a reversal of prior-year tax provisions amounting to INR 1.43 crore, significantly lowering the total income tax expense to INR 0.39 crore.
Operating expenses for the quarter stood at INR 244.68 crore, led by material consumption of INR 164.78 crore and employee benefit expenses of INR 23.43 crore.
Depreciation and amortization charges for the quarter were recorded at INR 15.70 crore, while finance costs stood at INR 2.63 crore.
Segment-wise, the Automotive division generated revenue of INR 218.04 crore with segment results of INR 28.08 crore, whereas the Non-automotive division delivered revenue of INR 32.83 crore with segment results of INR 0.24 crore.
Other comprehensive income was reported at INR 1.70 crore, largely driven by effective portions of gains on hedging instruments in cash flow hedges, taking total comprehensive income to INR 8.47 crore.
Igarashi Motors India Limited reported standalone revenue from operations of INR 250.87 crore for the first quarter ended June 30, 2026.
01 · Business model
What does Igarashi Motors India do?
Igarashi Motors India Limited is an established manufacturer specializing in precision automotive components, particularly permanent magnet DC motors and associated sub-assemblies for the automotive industry.
The company structures its operations into two primary reporting segments: Automotive components and Non-automotive components, catering to varied industrial and vehicular applications from its registered and manufacturing facilities located in Tamil Nadu, India.
The economic and operating model relies heavily on high-precision engineering, cost-efficient raw material procurement, and sustaining supplier relationships with major global and domestic automotive original equipment manufacturers.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹250.87 Cr |
| Total income | ₹251.84 Cr |
| Profit before tax | ₹7.16 Cr |
| Profit after tax | ₹6.77 Cr |
| EPS | ₹2.15 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 2.7% 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 2.9% 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 ₹0.97 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.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
The automotive component division remained the primary revenue engine, contributing INR 218.04 crore to segment revenue during Q1 FY27.
Non-automotive operations provided supplementary top-line support, generating INR 32.83 crore in revenue during the quarter.
Automotive operations generated INR 218.04 crore in revenue during Q1 FY27, underpinning the company's top-line performance.
Non-automotive operations contributed INR 32.83 crore to the total revenue pool for the quarter.
What drove margins
Cost of materials consumed represented the largest single expense item at INR 164.78 crore, reflecting core manufacturing input requirements.
Cost of materials consumed for the quarter stood at INR 164.78 crore.
Employee expenses were recorded at INR 23.43 crore for the reporting period.
Depreciation and amortization expenses totaled INR 15.70 crore for Q1 FY27.
The company incurred finance costs of INR 2.63 crore during the quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Automotive manufacturing recorded INR 218.04 crore in revenue and delivered a segment result of INR 28.08 crore.
Non-automotive operations registered INR 32.83 crore in revenue with a positive segment result of INR 0.24 crore.
05 · Reported developments
What changed operationally
The company secured a favorable tax order resulting in the reversal of prior-year tax provisions amounting to INR 1.43 crore during the quarter.
06 · Items worth noticing
The line items that can distort a quick read
Current tax expense for Q1 FY27 includes a reversal of prior-year tax provision of INR 1.43 crore arising from a favorable tax order.
Current tax expense includes a one-off reversal of prior-year tax provisions worth INR 1.43 crore due to a favorable tax order.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Unqualified review report
Statutory auditors B S R & Co. LLP issued an unqualified limited review report on the unaudited financial results for the quarter ended June 30, 2026.
Reported update
Auditor Review
The financial results for Q1 FY27 were reviewed by statutory auditors B S R & Co. LLP, who issued an unmodified review report.
08 · Key Q&A
The quarter, answered directly
What does Igarashi Motors India do?
Igarashi Motors India Limited is an established manufacturer specializing in precision automotive components, particularly permanent magnet DC motors and associated sub-assemblies for the automotive industry.
What is the clearest takeaway from Q1 FY27?
Igarashi Motors India Limited reported a standalone revenue from operations of INR 250.87 crore for the first quarter ended June 30, 2026, alongside total income of INR 251.84 crore.
What drove revenue or demand?
The automotive component division remained the primary revenue engine, contributing INR 218.04 crore to segment revenue during Q1 FY27.
What mattered most for margins or profitability?
Cost of materials consumed represented the largest single expense item at INR 164.78 crore, reflecting core manufacturing input requirements.
What changed operationally beyond the headline numbers?
Statutory auditors B S R & Co. LLP issued an unqualified limited review report on the unaudited financial results for the quarter ended June 30, 2026.
What should the next disclosure help confirm?
Monitor upcoming financial results and segmental performance trends in future quarterly disclosures.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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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
Subsequent quarterly disclosures: Monitor upcoming financial results and segmental performance trends in future quarterly disclosures.
- 02
Subsequent Quarterly Disclosures: Monitor upcoming quarterly financial filings for consistency in automotive segment margins and input cost trends.
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