Q3 2026 NDR Auto Components Ltd Earnings Call Transcript
Key Points
- NDR Auto Components Ltd (BOM:543214) reported a 19% year-on-year growth in total income for Q3 FY26, reaching INR208.99 crores.
- The company has a strong order book of INR450 crores, providing medium-term revenue visibility.
- CapEx plans for new product offerings such as seat inserts, ambient lighting, and sunshades are on track.
- The company is well-positioned to leverage opportunities from the reduction in GST on cars, which has improved affordability and increased OEM volumes.
- NDR Auto Components Ltd (BOM:543214) maintains a high capacity utilization rate of 80% to 85% across all plants, indicating efficient use of resources.
- The company did not secure any new orders in the last quarter, which may impact future growth if not addressed.
- Quarter-on-quarter revenue growth lagged behind some industry peers, such as Maruti and Bharat Seats.
- Profitability remained flat quarter-on-quarter, with margins under compression due to higher expenses in Q3.
- The company's growth is heavily reliant on a few key OEMs, such as Maruti Suzuki, which poses a risk if these relationships change.
- There is no immediate guidance on annual revenue growth for FY27, creating uncertainty about short-term financial performance.
Ladies and gentlemen, good day, and welcome to NDR Auto Components Q3 and 9M FY26 Earnings Conference Call. (Operator Instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Rishab Barar, CDR India. Thank you, and over to you, Mr. Barar.
Good day, everyone, and a warm welcome to all of you participating in the Q3 and nine months FY26 Earnings Conference Call of NDR Auto Components Limited. We have with us today on the call Mr. Pranav Relan, Whole-Time Director; Mr. Vikram Krishan Rathi, CFO and Vice President; Mr. Rakesh Rustagi, GM, Finance and Accounts; and Mr. Rajat Bhandari, Executive Director and Company Secretary, along with other members of the senior management team.
Before we begin, I would like to mention that some statements made in today's discussion may be forward-looking in nature and are subject to risks and uncertainties. A statement in this regard is available in the Q3 and 9 months FY26 earnings presentation shared with you earlier.
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