News ArticleDhoot Transmission Limited Reports ₹18,272 Million Revenue with 108% Growth in EV Supplies for Q2 FY27
Adjusted profit after tax increases 30% to ₹1,615 million amid strong India and global business expansion; Multilink integration progressing
Dhoot Transmission Limited announced a 61% year-on-year increase in consolidated revenue to ₹18,272 million for Q2 FY27 driven by a 108% rise in EV-related supplies. Adjusted profit after tax grew 30% to ₹1,615 million, supported by strong India and global business performances and the ongoing integration of the Multilink acquisition.
Dhoot Transmission Limited
General / Other
Dhoot Transmission Limited recorded consolidated revenue of ₹18,272 million for the second quarter of fiscal year 2027, a 61% increase year-on-year, with electric vehicle-related supplies more than doubling to represent 31% of total revenue. Adjusted profit after tax rose 30% to ₹1,615 million.
Revenue growth was driven by a 65% increase in the India business and a 12% rise in the global business, reflecting strong demand across geographies and drivetrain types.
The company reported a consolidated EBITDA of ₹2,618 million, up 30% year-on-year, with an adjusted organic EBITDA margin of 15.2%, excluding Multilink acquisition and employee stock option costs.
Non-recurring management fees of ₹450 million and IPO-related expenses were treated as exceptional items, with adjusted profit after tax excluding these impact items.
Depreciation and amortisation expenses rose 66% due to higher capitalisation and the Multilink acquisition, while finance costs declined following debt repayment from IPO equity infusion proceeds.
The Group’s net cash and bank position stood at ₹9,037 million, excluding lease liabilities of ₹1,487 million, with interest income partly offsetting finance costs.
Highlights
- Consolidated revenue reached ₹18,272 million in Q2 FY27, a 61% year-on-year increase.
- EV-related supply revenue grew 108% and now accounts for 31% of consolidated revenue.
- Adjusted profit after tax increased by 30% to ₹1,615 million compared to Q2 FY26.
- Multilink acquisition contributed revenue of ₹1,615 million and EBITDA of ₹168 million at a 10.4% margin.
- Strong growth in India (65% YoY) and global business (12% YoY) underpinned performance.
- Net cash and bank balance was ₹9,037 million, excluding lease liabilities, with reduced finance costs after debt repayments.
Key Data Snapshot
What happened
- Dhoot Transmission Limited announced unaudited standalone and consolidated financial results for Q2 and half year ended September 30, 2026.
- Consolidated revenue increased 61% year-on-year to ₹18,272 million, driven by growth across India and global business segments.
- Electric vehicle (EV)-related supplies revenue more than doubled, increasing 108% year-on-year and constituting 31% of total revenue.
- Adjusted profit after tax increased 30% to ₹1,615 million after excluding exceptional items such as management fees and IPO expenses.
Key details
- India business revenue grew 65% year-on-year, while global business revenue rose by 12%.
- Reported EBITDA grew 30% to ₹2,618 million with an adjusted organic EBITDA margin of 15.2%, excluding Multilink acquisition and ESOP costs.
- Multilink acquisition added ₹1,615 million revenue and ₹168 million EBITDA at a 10.4% margin; integration expected to complete by Q4 FY27.
- Depreciation & amortisation increased 66% due to higher capital investments and acquisition-related amortisation.
- Finance costs declined following repayment of term debt and working capital loans from IPO proceeds.
- Net cash and bank position stood at ₹9,037 million, excluding lease liabilities classified as debt (₹1,487 million).
Background and context
- Dhoot Transmission Limited is a leader in two-wheeler and three-wheeler wiring harnesses with a 41% market share in India for FY26.
- The Group supplies wiring harnesses and electrical components for commercial vehicles and electric vehicles in India and internationally, employing over 2,500 people across 29 manufacturing facilities.
- The company’s expanded product portfolio includes electronic sensors, switches, connection systems, EV charging equipment, and lithium-ion battery assemblies.
- The recent August 2026 IPO provided equity infusion supporting debt repayment and business expansion.
Highlights
- Consolidated revenue reached ₹18,272 million in Q2 FY27, a 61% year-on-year increase.
- EV-related supply revenue grew 108% and now accounts for 31% of consolidated revenue.
- Adjusted profit after tax increased by 30% to ₹1,615 million compared to Q2 FY26.
- Multilink acquisition contributed revenue of ₹1,615 million and EBITDA of ₹168 million at a 10.4% margin.
- Strong growth in India (65% YoY) and global business (12% YoY) underpinned performance.
- Net cash and bank balance was ₹9,037 million, excluding lease liabilities, with reduced finance costs after debt repayments.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Source Information
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