Chennai-based Igarashi Motors India Ltd reported a 16.6% YoY increase in revenue from operations to ₹255.43 crore, and a 40.8% rise in net profit to ₹6.39 crore, for the second quarter of FY27 ended September 30, 2026.
PBT rose 32.3% to ₹8.17 crore. Revenue was up 1.8% from ₹250.87 crore in Q1. For H1 FY27, revenue grew 19.5% to ₹506.30 crore, net profit rose 86.7% to ₹13.16 crore and PBT increased 60.7% to ₹15.33 crore.
Automotive segment revenue rose 22.2% to ₹232.80 crore in Q2, while H1 automotive revenue grew 22.6% to ₹450.84 crore. Segment profit grew more slowly.
Q2 automotive segment results rose 8.8% to ₹30.43 crore, taking the segment margin to 13.1% from 14.7% a year earlier. H1 segment results increased 14.3% to ₹58.50 crore, with the margin at 13.0% against 13.9%.
At the company level, material costs rose 22.4% to ₹172.82 crore in Q2, faster than the 16.6% growth in revenue. The filing does not give a separate cost breakdown for the automotive segment. Finance costs declined to ₹2.67 crore from ₹3.26 crore.
The company reversed earlier-year tax provisions of ₹30.10 lakh in Q2 and ₹173.36 lakh in H1 following favourable tax orders. The effective tax rate for H1 fell to about 14.2% from 26.1% a year earlier.
Igarashi Motors India Ltd is a Chennai-based manufacturer of electric motors and related components, catering primarily to the automotive industry. Its products include permanent magnet DC motors, brushless DC motors and other customised motor solutions used in automotive applications.
The company serves domestic and international customers and operates manufacturing facilities in India. Its automotive business is the principal contributor to revenue, accounting for about 91% of its Q2 FY27 revenue.