2 weeks ago
Belrise Industries eyes expansion after ₹1,700-crore QIP, Hyva acquisition
Belrise Industries is a company in India that makes parts for cars, trucks and motorcycles.
For the first three months of its new business year, it made more profit than it did at the same time last year.
The company also received a big amount of money from investors, called a QIP, which it plans to use to grow.
Belrise is buying the tipper-truck business of another company called Hyva India.
It has also won new orders to make parts for electric vehicles and for a popular small vehicle model.
Belrise is even building a factory to make metal parts for solar panels, which help collect energy from the sun.
The company's leader says they want to grow and make bigger, better vehicle parts.
Belrise used to spend its money paying off loans, but now it wants to invest in expansion.
Belrise Industries reported Q1 FY27 profit after tax of ₹121.7 crore, up 8.9% year-on-year from ₹111.7 crore, with consolidated revenue up 12.6% to ₹2,546.5 crore.
The Pune-based auto component maker completed a ₹1,700-crore qualified institutional placement (QIP) in July 2026 to fund acquisitions and expansion.
Belrise is acquiring Hyva India's tipper-body business, adding three manufacturing facilities in Pune, Jamshedpur and Bengaluru and gaining access to a new European commercial-vehicle OEM.
New orders include a chassis programme for a two- and three-wheeler OEM carrying over ₹65 crore in annual revenue potential and a 59-assembly EV localisation programme for a leading Indian four-wheeler OEM.
Belrise is setting up a facility for a US-based solar-tracker manufacturer supporting about 2.5 GW of annual supplies, with peak revenue potential exceeding ₹150 crore.
Consolidated EBITDA rose 4.5% to ₹293.3 crore, with EBITDA margin easing to 11.5% from 12.4%, while the company guided for mid-teens revenue growth in FY27.
- Who
- Belrise Industries, a Pune-based auto component manufacturer led by Managing Director Shrikant Badve.
- What
- Reported higher Q1 profit while shifting strategy from debt reduction to expansion, backed by a ₹1,700-crore QIP and the acquisition of Hyva India's tipper-body business.
- Where
- India, involving facilities in Pune, Jamshedpur and Bengaluru, plus a new plant for a US-based solar-tracker manufacturer.
- When
- Q1 ended June 2026, with the QIP completed in July 2026; the report was published on August 15, 2026.
- Why
- To fund acquisitions, build manufacturing capabilities and increase content per vehicle as it moves towards a Tier-0.5 supplier model.
Key facts
- Company
- Belrise Industries
- Q1 FY27 Profit After Tax
- ₹121.7 crore (up 8.9% YoY from ₹111.7 crore)
- Q1 FY27 Consolidated Revenue
- ₹2,546.5 crore (up 12.6% YoY)
- QIP Proceeds
- ₹1,700 crore, completed July 2026
- Acquisition
- Hyva India's tipper-body business with plants in Pune, Jamshedpur and Bengaluru
- Consolidated EBITDA
- ₹293.3 crore, margin 11.5%
- IPO (May 2025)
- ₹2,150 crore; ~₹1,596 crore deployed towards debt repayment
- FY27 Outlook
- Mid-teens revenue growth with broadly stable EBITDA margins
Quotes
Shrikant Badve
Managing Director of Belrise Industries
“"The fund raise provides us with the agility to invest in capacity and capabilities, and pursue acquisitions that can accelerate our strategic objectives for long‑term growth"”
thehindubusinessline.com
“"Our focus remains on moving beyond individual components towards larger assemblies and proprietary products, while increasing our content per vehicle"”
thehindubusinessline.com
Sources
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