DHOOTTRANS

Dhoot Transmission Limited reported strong Q1 FY2026-27 results, with revenue growth of nearly 50% YoY. Revenue from wiring harnesses increased by 44.6%, while non-wiring harness business grew by 67.7%, aided by the Multilink acquisition contributing 3% to revenue. EV revenue grew 79% YoY, now accounting for 27% of total revenue. EBITDA margins improved by 110 basis points to 15% compared to Q4 FY2026. Management noted that copper and brass prices rose but at a slower pace than the previous year, and finance costs declined due to optimized working capital debt levels. The Multilink integration is progressing, with expectations of scaling non-wiring harness business. Collaboration with Ride Vision on ADAS is underway, with plans for a joint venture. Management guided toward 25%-30% growth for the year, citing continued electrification trends and customer additions. The IPO proceeds are being utilized for capacity expansion in Jhajjar and Hosur plants, adding 15%-20% to capacity. The company emphasized its focus on localization, with 30%-35% of components now localized. Revenue from EVs is expected to grow beyond 30%-32% in the next 2-3 years. The company also discussed plans for EV charging business and potential expansion into 3-wheeler battery packs after consolidating in 2-wheelers. The discussion concluded with management expressing confidence in future growth and thanking participants for their engagement.

The document highlights strong revenue growth, margin improvement, and positive outlook for EV and non-wiring harness segments.