Results - Analysis
Uniparts India As on : 05-Aug-26  11:06

On consolidated basis

Quarter ended June 2026 compared with Quarter ended June 2025.

Net sales (including other operating income) of Uniparts India has increased 26.94% to Rs 347.38 crore.''Operating profit margin has jumped from 19.11% to 23.60%, leading to 56.76% rise in operating profit to Rs 81.97 crore.''Raw material cost as a % of total sales (net of stock adjustments) decreased from 36.10% to 33.60%. ''Employee cost decreased from 22.21% to 20.56%. ''Other expenses fell from 23.07% to 22.31%. ''

Other income rose 41.92% to Rs 7.82 crore.''PBIDT rose 55.35% to Rs 89.79 crore.''Provision for interest rose 63.16% to Rs 3.41 crore.''

PBDT rose 55.05% to Rs 86.38 crore.''Provision for depreciation rose 6.87% to Rs 11.82 crore.''

Profit before tax grew 66.99% to Rs 74.56 crore.''Share of profit/loss were nil in both the periods.''Provision for tax was expense of Rs 17.95 crore, compared to Rs 10.19 crore.''Effective tax rate was 24.07% compared to 22.82%.

Minority interest was nil in both the periods.''Net profit attributable to owners of the company increased 64.28% to Rs 56.61 crore.''

Promoters' stake was 65.88% as of 30 June 2026 ,compared to 65.66% as of 30 June 2025 .''

Full year results analysis.

Net sales (including other operating income) of Uniparts India has increased 21.45% to Rs 1170.4 crore.''Operating profit margin has jumped from 15.11% to 21.12%, leading to 69.79% rise in operating profit to Rs 247.20 crore.''Raw material cost as a % of total sales (net of stock adjustments) increased from 33.87% to 35.23%. ''Employee cost decreased from 24.94% to 21.23%. ''Other expenses fell from 25.37% to 23.04%. ''

Other income fell 17.01% to Rs 17.61 crore.''PBIDT rose 58.75% to Rs 264.81 crore.''Provision for interest rose 26.21% to Rs 10.45 crore.''Loan funds rose to Rs 154.69 crore as of 31 March 2026 from Rs 119.91 crore as of 31 March 2025.''Inventories rose to Rs 430.08 crore as of 31 March 2026 from Rs 385.79 crore as of 31 March 2025.''Sundry debtors were higher at Rs 141.25 crore as of 31 March 2026 compared to Rs 112.60 crore as of 31 March 2025.''Cash and bank balance rose to Rs 47.27 crore as of 31 March 2026 from Rs 33.07 crore as of 31 March 2025.''Investments declined from Rs 245.21 crore as of 31 March 2025 to Rs 205.04 crore as of 31 March 2026.''

PBDT rose 60.45% to Rs 254.36 crore.''Provision for depreciation rose 2.33% to Rs 45.29 crore.''Fixed assets increased to Rs 284.19 crore as of 31 March 2026 from Rs 266.72 crore as of 31 March 2025.''Intangible assets increased from Rs 70.45 crore to Rs 77.81 crore.''

Profit before tax grew 82.96% to Rs 209.07 crore.''Share of profit/loss were nil in both the periods.''Provision for tax was expense of Rs 47.33 crore, compared to Rs 26.27 crore.''Effective tax rate was 23.01% compared to 22.99%.

Minority interest was nil in both the periods.''Net profit attributable to owners of the company increased 79.91% to Rs 158.32 crore.''

Equity capital increased from Rs 45.13 crore as of 31 March 2025 to Rs 45.14 crore as of 31 March 2026.''Per share face Value remained same at Rs 10.00.''

Promoters' stake was 65.88% as of 31 March 2026 ,compared to 65.66% as of 31 March 2025 .''

Cash flow from operating activities decreased to Rs 173.64 crore for year ended March 2026 from Rs 181.99 crore for year ended March 2025.''Cash flow used in acquiring fixed assets during the year ended March 2026 stood at Rs 30.14 crore, compared to Rs 32.64 crore during the year ended March 2025.''

Other highlights

The Board declared a first interim dividend of Rs 9 per equity share (90% of the face value of Rs 10) for FY27. August 12, 2026 has been fixed as the record date.

The company allotted 17,913 equity shares under its Employee Stock Option Scheme (ESOS) 2023 following the exercise of vested stock options by eligible employees. Consequently, the paid-up equity share capital increased from Rs. 45.14 crore to Rs. 45.16 crore.

In Q1 FY27, Americas contributed 60.6% to revenue, Europe 21.2%, Japan 4.2%, India 12.3%, and RoW 1.8%.

In Q1 FY27, Agriculture segment contributed 53.8% to revenue, and CFM segment 46.2%.

Management Comments :
Mr. Gurdeep Soni, Promoter, Chairman & Managing Director said, 'The first quarter of FY27 reflects the divergent dynamics currently shaping our end markets and, importantly, how we are navigating them. Central to this is the operational rigour our teams have demonstrated in ensuring we continue to meet customer expectations without exception. On that note, the restoration of the finishing shop at our Ludhiana facility is progressing well and on schedule, and I am pleased to report that customer supply has remained uninterrupted throughout. Equally, our Mexico operations are on track, with first customer deliveries from the warehouse expected in Q3. This is a meaningful milestone in our journey as a global supply partner. Turning to Q1 FY27 performance we are pleased to report revenue growth of 27% year-on-year, EBITDA growth of 55% year-on year and a PAT growth of 64% year-on-year. This performance is in line with the quarter on quarter guidance we had shared but better than the annual guidance we had given, and reflects the quality of execution by the team across a quarter that was not without its challenges. The ongoing West Asia situation has continued to exert pressure on input costs and supply chains. Our teams have navigated this with discipline, working closely with vendors and ensuring that our delivery commitments were met without disruption. On a trailing twelve-month basis, our EPS stands at Rs 39.97, and our ROCE is north of 27%, with ROE at 20%. Our net cash position at the end of Q1 stands at INR 190 crore, reflecting the continued strength of our cash generation. To put this in context: when we declared the special dividend of INR 101cr in October 2025, our cash balance was approximately Rs 210 crore. In ten months, through focussed operations and business growth, we have rebuilt to that level. Our balance sheet is in excellent health, and we continue to actively evaluate acquisition opportunities that can accelerate our strategic agenda. On the business development front, our trailing twelve-month new business order book remains robust at over Rs 225 crore, with a healthy pipeline. These wins span segments and geographies and reflect continued customer confidence in our capabilities across our three product platforms 3PL, PMP, and fabrications. We are continuing to invest in growing our construction and large agricultural equipment businesses, given that small ag is already a segment where we hold significant global market share. The new business momentum is structural, and we intend to build on it.'

Uniparts India : Consolidated Results

' Quarter ended Year ended Particulars 202606 202506 Var.(%) 202603 202503 Var.(%) Net Sales (including other operating income) 347.38 273.65 26.94 1,170.40 963.70 21.45 OPM (%) 23.60 19.11 449 bps 21.12 15.11 601 bps OP 81.97 52.29 56.76 247.20 145.59 69.79 Other Inc. 7.82 5.51 41.92 17.61 21.22 -17.01 PBIDT 89.79 57.80 55.35 264.81 166.81 58.75 Interest 3.41 2.09 63.16 10.45 8.28 26.21 PBDT 86.38 55.71 55.05 254.36 158.53 60.45 Depreciation 11.82 11.06 6.87 45.29 44.26 2.33 PBT 74.56 44.65 66.99 209.07 114.27 82.96 Share of Profit/(Loss) from Associates 0 0 - 0 0 - PBT before EO 74.56 44.65 66.99 209.07 114.27 82.96 EO Income 0 0 - -3.42 0 - PBT after EO 74.56 44.65 66.99 205.65 114.27 79.97 Taxation 17.95 10.19 76.15 47.33 26.27 80.17 PAT 56.61 34.46 64.28 158.32 88 79.91 Minority Interest (MI) 0 0 - 0 0 - Net profit 56.61 34.46 64.28 158.32 88 79.91 P/(L) from discontinued operations net of tax 0 0 - 0 0 - Net profit after discontinued operations 56.61 34.46 64.28 158.32 88 79.91 EPS (Rs)* 12.54 7.63 64.28 35.65 19.49 82.90 * EPS is on current equity of Rs 45.16 crore, Face value of Rs 10, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

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