NDR Auto Components Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript NDR Auto Components Ltd filed with BSE on 17 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
NDR Auto Components reported Q1 FY27 revenue of INR221.45 crore with EBITDA margin of 11.88%, and EBITDA and PAT of INR26.44 crore and INR16.40 crore respectively. Management commenced operations at the NDR Hayashi sunshade facility in Bangalore and inaugurated the NDR Auto South facility in Anantapur, with SOP expected in Q2 FY27. Management also discussed the order book of INR650 crore, a long-term revenue target, and updates on new product lines including seat inserts, seat latch, and seatbelt reminder systems.
Numbers mentioned
Revenue: INR221.45 crore (Q1 FY27)
p. 2
“Revenue, driven by execution of our strong order book, stood at INR221.45 crore for the period under review.”
Pranav Relan, page 2 of the filed PDF · View the filing
EBITDA margin: 11.88% (Q1 FY27)
p. 2
“Our EBITDA margins remained healthy at 11.88%, despite the environmental and supply chain challenges the sector has been faced with.”
Pranav Relan, page 2 of the filed PDF · View the filing
EBITDA: INR26.44 crore (Q1 FY27)
p. 2
“Q1 FY27 EBITDA and PAT stood at INR26.44 crore and INR16.40 crore, respectively.”
Pranav Relan, page 2 of the filed PDF · View the filing
PAT: INR16.40 crore (Q1 FY27)
p. 2
“Q1 FY27 EBITDA and PAT stood at INR26.44 crore and INR16.40 crore, respectively.”
Pranav Relan, page 2 of the filed PDF · View the filing
Loss from joint ventures: INR58 lakh (Q1 FY27)
p. 10
“The consolidated loss for the quarter across our JVs is INR 58 lakh.”
Pranav Relan, page 10 of the filed PDF · View the filing
Current quarterly revenue: INR220 crore (Q1 FY27)
p. 7
“Our current revenue is about INR220 crore quarterly.”
Pranav Relan, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue target — INR3,000 crore · by 2030
stated as an aspiration by Pranav Relan
p. 3
“The INR3,000 crore target continues to be our endeavor and we will update you on that progress.”
Pranav Relan, page 3 of the filed PDF · View the filing
Bharat Seats revenue target — INR3,500 crore · by 2030
stated as an aspiration by Pranav Relan
p. 7
“That should be about INR3,500 crore for Bharat Seats by 2030.”
Pranav Relan, page 7 of the filed PDF · View the filing
EBITDA margin — 11% to 12%
stated firmly by Pranav Relan
p. 5
“Our EBITDA margin should be at the similar level, should be at about 11% to 12% and all our commodities are indexed and that is why we are able to maintain these margins.”
Pranav Relan, page 5 of the filed PDF · View the filing
NDR South plant revenue potential — INR70 crore to INR80 crore
stated conditionally by Pranav Relan
p. 5
“The revenue potential for that plant is about INR70 crore to INR80 crore, subject to how the model performs.”
Pranav Relan, page 5 of the filed PDF · View the filing
Capex — INR40 crore to INR50 crore · next couple of years annually
stated firmly by Pranav Relan
p. 8
“The capex should be about INR40 crore to INR50 crore for the next couple of years annually.”
Pranav Relan, page 8 of the filed PDF · View the filing
Asset turnover on capex — approximately 4x
stated as an aspiration by Pranav Relan
p. 8
“So, it should be approximately 4x.”
Pranav Relan, page 8 of the filed PDF · View the filing
NDR Hayashi JV break-even revenue — INR100 crore to INR150 crore
stated as an aspiration by Pranav Relan
p. 12
“So, it should be about INR100 crore to INR150 crore that it should break-even in.”
Pranav Relan, page 12 of the filed PDF · View the filing
NDR Hayashi JV revenue potential — INR200 crore to INR300 crore · over five to six years
stated as an aspiration by Pranav Relan
p. 12
“The potential that we were targeting is about INR200 crore to INR300 crore, but that was over the course of five to six years.”
Pranav Relan, page 12 of the filed PDF · View the filing
Ambient lighting business for Maruti Suzuki — 2028
stated firmly by Pranav Relan
p. 4
“So, we have got a couple of new models for Maruti Suzuki. The size is a little small, but it should be starting in 2028.”
Pranav Relan, page 4 of the filed PDF · View the filing
NDR South and new plant ramp-up impact on growth
stated firmly by Pranav Relan
p. 4
“So, as soon as our new projects start, I think our South project is starting sometime this quarter and then we have NDR Safety and SBR and Latch starting sometime early next year. We should have an uptick to this number.”
Pranav Relan, page 4 of the filed PDF · View the filing
Revenue growth uptick
stated as an aspiration by Pranav Relan
p. 6
“It should have a slight uptick going ahead.”
Pranav Relan, page 6 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the target remains an endeavor and the order book adds to existing revenue.
Answered by Pranav Relan
Asked by Tanish Vhora: What is the pathway for the INR3,000 crore target and is order book recurring or one-time revenue?
p. 3
“The INR3,000 crore target continues to be our endeavor and we will update you on that progress.”
Pranav Relan, page 3 of the filed PDF · View the filing
Management said they are bidding for more business and will update on confirmations quarterly.
Answered by Pranav Relan
Asked by Jatin Chawla: Has the order book changed from last quarter's INR650 crore level?
p. 4
“So, we are actually bidding for a lot more business. So, as confirmations come, then we will share that quarterly.”
Pranav Relan, page 4 of the filed PDF · View the filing
Management confirmed continued full supply.
Answered by Pranav Relan
Asked by Jatin Chawla: Are they continuing to supply 100% of the outgoing Brezza model?
p. 4
“Yes, we continue to supply 100% of the model.”
Pranav Relan, page 4 of the filed PDF · View the filing
Management attributed it to higher marketing and R&D spend for new customer acquisition and hiring.
Answered by Pranav Relan
Asked by Saket Kapoor: What explains the sequential rise in other expenses?
p. 6
“So, we have had a lot of marketing expenses as we are trying for a lot more customers. In addition to that, we have also had some R&D expenses because we have to make prototypes for new customers.”
Pranav Relan, page 6 of the filed PDF · View the filing
Management confirmed growth exceeded expectations and said it appears sustainable due to market conditions.
Answered by Pranav Relan
Asked by Manish Gupta: Has Bharat Seats' growth exceeded expectations and is it sustainable?
p. 6
“Yes, these numbers seem to be sustainable and it is because the market is doing quite well.”
Pranav Relan, page 6 of the filed PDF · View the filing
Management said there is no such pressure and cost increases have been offset through efficiencies.
Answered by Pranav Relan
Asked by Dhananjai B.: Are customers pressuring the company to reduce selling prices?
p. 8
“We are not facing any pressure from customers to reduce selling price. We have actually been able to set off our cost increases with operational efficiencies.”
Pranav Relan, page 8 of the filed PDF · View the filing
Management said losses will continue until the JV reaches sales break-even.
Answered by Pranav Relan
Asked by Saket Kapoor: Will the Hayashi JV continue to book losses even after ramp-up?
p. 10
“So, we will continue to have losses for some quarters until we touch a break-even point for sales.”
Pranav Relan, page 10 of the filed PDF · View the filing
Management agreed the Toyota project timeline has slipped to calendar year 2029.
Answered by Pranav Relan
Asked by Jatin Chawla: Is it now difficult to get significant Toyota business by FY30 given delays at the Aurangabad plant?
p. 11
“Yes, that seems to be correct.”
Pranav Relan, page 11 of the filed PDF · View the filing
Management said they are only giving a top-line target and not an EBITDA margin guidance.
Answered by Pranav Relan
Asked by Rajesh Agarwal: What sustainable EBITDA margin is implied by the INR3,000 crore revenue vision?
p. 12
“We have only given a top-line number as a guidance; we are not giving EBITDA margin guidance.”
Pranav Relan, page 12 of the filed PDF · View the filing
Risks flagged
Environmental and supply chain challenges affecting the sector
p. 2
“Our EBITDA margins remained healthy at 11.88%, despite the environmental and supply chain challenges the sector has been faced with.”
Pranav Relan, page 2 of the filed PDF · View the filing
Continued losses from the NDR Hayashi joint venture until break-even
p. 10
“So, actually, the loss is going to continue for some time. We have got the whole team in place right now and we are currently acquiring a lot of new business at the moment.”
Pranav Relan, page 10 of the filed PDF · View the filing
Delay in Toyota's Aurangabad plant project affecting business plans
p. 12
“We were hoping that the Toyota project would have come earlier which would have helped us a little, but I think that is also slightly delayed.”
Pranav Relan, page 12 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.