Board approves Q2 results, capex, solar SPV investment, Korea JV and postal ballot
NDR Auto's board approved unaudited Q2/H1 FY27 results, capex of Rs. 11.34 crore (Gujarat) and Rs. 7.19 crore (Haryana), a Rs. 36.30 Lakhs solar SPV investment, and a JV with Korea's DYA where NDR will hold 51%.
By ScoutQuest · · 2 min read
- Consolidated Revenue from Operations (Q2)
- Rs. 24,401.81 lakhs
- Consolidated Net Profit (Q2)
- Rs. 1,977.98 lakhs
- Additional Capex Approved
- Rs. 11.34 crore (Gujarat) and Rs. 7.19 crore (Haryana)
NDR Auto Components' board met on November 4, 2026 and approved its September-quarter results along with capex, a solar SPV investment, a postal ballot and a Korea joint venture.
Results
- Approved unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The statutory auditors' limited review report did not contain any qualification or adverse remark/modified opinion.
- Consolidated revenue from operations for the quarter was Rs. 24,401.81 lakhs and consolidated net profit was Rs. 1,977.98 lakhs.
- Standalone revenue from operations was Rs. 23,605.24 lakhs and standalone net profit was Rs. 1,759.54 lakhs.
Capex
- Additional capital expenditure approved: Rs. 11.34 crore for the Naviyani, Gujarat plant and Rs. 7.19 crore for the Kharkhoda, Haryana plant.
- The company said this is for new programmes of Maruti Suzuki India Limited and Suzuki Motorcycle India Private Limited, in the ordinary course of business.
Solar SPV
- Approved investment in equity shares of a Special Purpose Vehicle amounting to Rs. 36.30 Lakhs, in tranches, for sourcing power through captive solar power energy.
Joint venture
- Approved entering into a Joint Venture Agreement with DYA Co., Ltd., a company incorporated under the laws of the Republic of Korea and listed on the Korean Exchange.
- The JV is for design, manufacture and supply of passenger car seats in India, primarily for Kia India and Hyundai India.
- A joint venture company is proposed to be incorporated in India. NDR will hold 51% shares; DYA will hold the remaining stake. The JV company will become a subsidiary of NDR upon incorporation.
Postal ballot
- Approved notice of postal ballot seeking shareholders' approval for enhancement of the limit of Material Related Party Transactions with Bharat Seats Limited, and alteration of Object clause 3(a) of the Memorandum of Association.
- The Object clause change adds a sub-clause to provide consultancy, advisory and support services to the automotive sector, among other services. Existing sub-clauses (3) and (4) are to be re-numbered as (4) and (5) without change.
Tax matter
- The auditors' review reports include an emphasis of matter on uncertainty relating to the outcome of an Income Tax Department search conducted in an earlier year under Section 132 of the Income Tax Act, 1961, at certain premises including manufacturing locations and residences of some employees/key managerial personnel.
- The auditors' conclusion is not modified in respect of this matter.
Also from NDR Auto Components
Board approves MoA object clause change, fresh capex, solar SPV investment and Korea seat JV
4 Nov 2026
September quarter results, capex for two plants, DYA joint venture and postal ballot
4 Nov 2026
NDR Auto Q2 & H1 FY27: revenue up 22.0%, PAT up 33.2%, order book at Rs. 1,150 crore
4 Nov 2026
More numbers
- Additional capex for Naviyani, Gujarat plantRs. 11.34 crore
- Additional capex for Kharkhoda, Haryana plantRs. 7.19 crore
- Investment in equity shares of solar SPVRs. 36.30 Lakhs
- NDR shareholding in proposed JV51%
- Consolidated revenue from operations, Q2 FY2724,401.81 lakhs
- Consolidated net profit, Q2 FY271,977.98 lakhs
- Standalone revenue from operations, Q2 FY2723,605.24 lakhs
- Standalone net profit, Q2 FY271,759.54 lakhs
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