Divgi posts Rs 25.24 cr Q1 profit as exports remain a key growth focus
Expenses of Rs 100.12 cr left operating profit at Rs 37.02 cr, while management linked upcoming growth initiatives to exports, Sigma and EV transmission programmes.
Filed 11 Aug 2026, 17:58 IST · after market close · DIVGIITTS (DIVGIITTS)
Key takeaways
- Standalone Q1FY27 operating profit of Rs 37.02 cr on revenue of Rs 137.14 cr translated into a 26.99% operating margin.
- Other income of Rs 4.62 cr supplemented standalone profit before tax of Rs 33.75 cr, while the tax rate was 25.22%.
- Management said FY27 component exports are targeted at approximately Rs 80 cr, with Sigma production expected to commence in Q2FY27 after customer approval.
Operating earnings came from a Rs 137.14 cr revenue base
The standalone quarter generated Rs 137.14 cr of revenue and Rs 25.24 cr of net profit. Expenses of Rs 100.12 cr left Rs 37.02 cr of operating profit, or a 26.99% operating margin. Depreciation was Rs 7.82 cr and interest was Rs 0.07 cr, limiting the conversion of operating profit into profit before tax.
Other income supported pre-tax profit
Other income of Rs 4.62 cr contributed to standalone profit before tax of Rs 33.75 cr, so part of pre-tax earnings came from outside operations. Tax of Rs 8.51 cr at a 25.22% rate brought net profit to Rs 25.24 cr.
Management points to exports and new programmes
Management said component exports are targeted at approximately Rs 80 cr for FY27 and described exports as a key growth engine. It said Sigma production is expected to commence in Q2FY27 following customer approval, while production for the Indonesian Pik-Up programme is expected to begin in CY26. The company also said localisation and validation work is intended to support commercial-scale EV transmission operations, with Toyota Susho, AWD and PTU programmes providing additional diversification avenues.
The filing came after market close
The standalone results were filed after market close on 11 August 2026. The stock response cannot yet be assessed.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹137 cr |
| Other income | ₹5 cr |
| Expenses | ₹100 cr |
| Operating profit | ₹37 cr |
| Operating margin (%) | 26.99% |
| Interest | ₹0 cr |
| Depreciation | ₹8 cr |
| Profit before tax | ₹34 cr |
| Tax | ₹9 cr |
| Net profit | ₹25 cr |
| EPS (₹) | ₹8.25 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- FY27 component exports are targeted at approximately Rs. 80 crore.
- Sigma production is expected to commence in Q2FY27 following customer approval.
Expansion
- Production for the Indonesian Pik-Up programme is expected to begin in CY26.
New initiatives
- Localisation and validation programmes are being pursued to support commercial-scale EV transmission operations.
- A partnership with Toyota Susho and new AWD and PTU programmes are additional growth and diversification avenues.
What to watch
- Whether operating margin holds above 26.99% in the next reported quarter.
- Whether component exports track towards management's approximately Rs 80 cr FY27 target.
- Whether Sigma production commences in Q2FY27 following customer approval.