Talbros Automotive Q2 PAT Rises 43% To Rs 33 Crore

Talbros Automotive Components Limited (TACL) reported a 23% year-on-year increase in consolidated revenue from operations to Rs 267.5 crore in Q2 FY27, while profit after tax (PAT) rose 43% to Rs 32.9 crore for the quarter ended September 30, 2026.

EBITDA increased 33% to Rs 47.2 crore, compared with Rs 35.6 crore in the corresponding quarter last year. EBITDA margin expanded to 17.6% from 16.4%, an improvement of 120 basis points. Profit before tax increased 43% to Rs 42 crore.

The growth in profitability outpaced revenue growth during the quarter, with PAT increasing at a faster rate than EBITDA. However, the company's investor release does not provide a detailed breakdown of individual expense heads or a reconciliation explaining the difference in their respective growth rates. It attributes the operating performance to higher volumes from recently commercialised orders, improved recovery of price increases and contributions from its business divisions.

Gasket, Forgings and Joint Ventures Drive Revenue Growth

The Gasket and Heat Shield business recorded a 23% year-on-year increase in income to Rs 176.4 crore in Q2 FY27. The company attributed the growth to sustained OEM demand and improved recovery of price increases.

The Forgings business also grew 23% to Rs 92.5 crore. Among the joint ventures, Marelli Talbros Chassis Systems (MTCS) recorded 54% growth in proportionate revenue to Rs 60.8 crore, while Talbros Marugo Rubber (TMR) grew 33% to Rs 23.3 crore.

Exports accounted for 28% of income from operations during the quarter, compared with 25% in Q2 FY26. Forgings had the highest export contribution among the reported businesses, with exports accounting for 57% of its revenue. The corresponding contribution was 15% for Gaskets and Heat Shields, 27% for MTCS and 7% for TMR.

Original equipment manufacturers accounted for 62% of revenue by market segment, while exports contributed 28%. The aftermarket accounted for 2%, with other sources making up the remaining 8%.

New Orders Worth Over Rs 1,000 Crore Secured

Talbros said it has secured new orders worth more than Rs 1,000 crore, together with its joint ventures, to be executed over the next five years. These include approximately Rs 700 crore in export orders and Rs 100 crore from the electric vehicle segment.

The company also reported increasing business from newer applications such as data centres, where its gaskets are used in engines powering backup generators. This adds a non-traditional automotive application to its existing product portfolio.

According to managing director Anuj Talwar, orders secured over the past two years that were awaiting customer launch schedules have started entering commercial production across chassis, forgings and heat shields. Their production ramp-up has contributed to the quarter's revenue growth.

The company also cited freight, energy, steel and other commodity prices as near-term cost pressures, adding that it is focusing on cost optimisation and execution to protect margins.

H1 FY27 Revenue Grows 19%

For the first half of FY27, Talbros reported consolidated revenue from operations of Rs 509.7 crore, up 19% from Rs 427.4 crore in H1 FY26. EBITDA increased 28% to Rs 89.9 crore, while EBITDA margin improved to 17.6% from 16.5%.

PAT for the six-month period rose 39% to Rs 63 crore, compared with Rs 45.3 crore in the corresponding period last year. PAT margin increased to 12.4% from 10.6%.

The company expects H2 FY27 to be stronger than H1, supported by the ramp-up of recently commercialised orders and contributions from new business wins.

Talbros operates across gaskets, heat shields, forgings, suspension systems, anti-vibration products and hoses. Together with its joint ventures, it has 11 manufacturing facilities across Haryana, Uttarakhand and Maharashtra.