NDR Auto Components Limited – Q4 FY26 Results

key financial highlights

• Revenue from Operations:
  • Revenue (Q4 FY26): ₹22,906.85 Lakhs
    • QoQ Change: +10.94%
    • YoY Change: +19.28%
  • Previous Quarter (Q3 FY26): ₹20,829.39 Lakhs
  • Previous Year (Q4 FY25): ₹19,204.26 Lakhs
• Profit After Tax (PAT):
  • PAT (Q4 FY26): ₹1,845.23 Lakhs
    • QoQ Change: +21.44%
    • YoY Change: +12.56%
  • Previous Quarter (Q3 FY26): ₹1,519.41 Lakhs
  • Previous Year (Q4 FY25): ₹1,639.28 Lakhs
• QoQ Performance:
  • Revenue Trend: Revenue improved sequentially because of stronger operational execution and higher business activity during Q4 FY26.
    
  • Profit Trend: Profit growth outpaced revenue growth on a QoQ basis, indicating improved earnings efficiency during the quarter.

Margin Analysis

Drivers:

• Cost of materials consumed increased to ₹16,913.59 Lakhs during Q4 FY26.
• Employee benefit expenses remained relatively controlled compared to revenue growth.
• Depreciation and amortisation expenses increased because of expansion in fixed assets and right-of-use assets.
• Associate income positively supported overall profitability.
• Finance costs remained manageable despite higher lease liabilities.

Insight:

• The company maintained stable profitability despite elevated material and depreciation expenses, reflecting reasonable operational efficiency.

Earning quality check

Key Drivers:

• Revenue growth remained supported by operational business expansion.
• Share of profit from associates contributed ₹380.70 Lakhs during Q4 FY26.
• Other comprehensive income remained positive.
• Operating cash flow turned negative due to working capital stress.
• Trade receivables and other financial assets increased significantly.

Interpretations:

• Accounting profitability remained healthy, but weak operating cash flow indicates elevated working capital pressure and slower cash conversion efficiency.

balance sheet Analysis

• Total Assets: ₹56,301.97 Lakhs
• Total Equity: ₹35,771.87 Lakhs
• Total Current Liabilities: ₹14,819.57 Lakhs
• Total Non-Current Liabilities: ₹5,710.53 Lakhs

Insight:

• The company significantly expanded its asset base during FY26 through investments in property, right-of-use assets and equity-accounted investments. Equity also strengthened materially due to retained earnings growth.

key risks

• Operating cash flow turned negative during FY26.
• Trade receivables increased substantially, impacting liquidity.
• Higher lease liabilities increased fixed financial commitments.
• Working capital requirements remain elevated.
• Dependence on associate and joint venture contribution may increase earnings volatility.

management strategy signals

Focus Area:

• Expansion of manufacturing and operational assets.
• Scaling associate and joint venture participation.
• Strengthening long-term business growth.
• Managing working capital and receivable cycles.
• Enhancing operational efficiency.

Financial metrics table

Quarterly Performance Context