NDR Auto Components reported a stable Q1 FY27 with INR 221.45 crore revenue and INR 16.40 crore profit. Expansion plans include new facilities and a FY30 revenue target of INR 3,000 crore.
NDR Auto Components Q1 FY27 Results
Revenue: INR 221.45 crore PAT: INR 16.40 crore Reader Takeaway: Stable margins and expansion are positives, but JV losses and client concentration are concerns. ## What just happened NDR Auto Components reported its financial results for the first quarter of FY27. The company posted a revenue of INR 221.45 crore and a Profit After Tax (PAT) of INR 16.40 crore. EBITDA stood at INR 26.44 crore, with an EBITDA margin of 11.88%. The company also highlighted an order book of INR 650 crore. ## Why this matters The results indicate operational stability for NDR Auto Components. The maintained EBITDA margin suggests consistent profitability despite higher 'other expenses', which management attributes to growth-oriented R&D and marketing. The company is actively expanding its manufacturing capabilities with new facilities like NDR Hayashi and NDR Auto South, aiming to significantly increase revenue by 2030. ## The backstory NDR Auto Components is focused on automotive components, including sunshades and seat trims. The company has been investing in expanding its capacities and diversifying its product lines. Earlier expansions and strategic initiatives have paved the way for the current growth phase and future targets. ## What changes now With the operational commencement of NDR Hayashi in June 2026 and expected SOP at NDR Auto South in Q2 FY27, the company is poised for increased production. The ongoing capex of INR 40-50 crore annually for the next two years will support this expansion. Management guidance points towards aggressive growth, targeting INR 3,000 crore revenue by FY30. ## Risks to watch Consolidated losses from joint ventures, amounting to INR 0.58 crore in Q1 FY27, are expected to continue for a few quarters. A delay in business from Toyota's Aurangabad plant also poses a risk to facility utilization timelines. The company's current reliance on Maruti as a core client, despite bidding for new OEMs, presents a customer diversification risk. ## Peer comparison While specific peer performance data is not provided in the filing, NDR Auto Components aims for an 11-12% EBITDA margin, which is a key performance indicator in the automotive components sector. The company's expansion strategy and revenue targets will be benchmarked against industry growth and competitor activities. ## Context metrics (time-bound) The Q1 FY27 revenue stood at INR 221.45 crore. The company's order book is INR 650 crore. Anantapur facility SOP is expected in Q2 FY27. The FY30 revenue target is INR 3,000 crore, with INR 1,000 crore from inorganic sources. ## What to track next Investors will be monitoring the ramp-up of new facilities, the achievement of JV break-even points, and the success in diversifying the customer base beyond Maruti. Progress towards the ambitious INR 3,000 crore revenue target by FY30 will also be a key focus.
