NDR Auto Components Reports Q1 FY27 Growth, Approves Rs 8 Crore Subsidiary Investment
"NDR Auto Components reported higher consolidated revenue and profit in Q1 FY27 and approved fresh funding for its wholly-owned subsidiary."
NDR Auto Components Posts Q1 Growth, Approves Fresh Investment in Subsidiary
NDR Auto Components Ltd. announced the outcome of its board meeting held on August 10, 2026, where it approved the unaudited financial results for the quarter ended June 30, 2026. The board also cleared an Rs 8 crore investment in its wholly-owned subsidiary to support its ongoing projects.
Q1 Financial Performance and Subsidiary Investment
- Consolidated Revenue: Revenue from operations increased to Rs 221.45 crore in Q1 FY27 from Rs 185.22 crore in Q1 FY26.
- Consolidated Profit: Net profit rose to Rs 16.40 crore, compared with Rs 13.60 crore a year earlier.
- Auditor's Review: The Limited Review Report contained no qualifications or adverse remarks.
- Subsidiary Investment: The board approved Rs 8 crore investment in NDR Auto Components South Private Limited.
- Purpose of Funds: The investment will be made through a rights issue and will help fund the subsidiary's ongoing projects.
What to Watch Next
Investors will track the company's ability to sustain its growth momentum and the progress of projects being undertaken by its wholly-owned subsidiary following the fresh capital infusion.
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