RICO AUTO INDUSTRIES LTD

During the Q1 FY27 earnings conference call held on August 14, 2026, management reported that Rico Auto Industries achieved its highest ever quarterly revenue of INR 755 crores, a 39% increase from INR 543 crores in Q1 FY26. The automotive industry remains constructive, with strong production momentum and a shift towards innovation and localization. Management highlighted that 55 new programs are in the launch phase, with 28 already launched. However, profitability was impacted by elevated costs, particularly due to air freight and raw material price settlements. Management stated a goal of achieving revenue of over INR 3,200 crores for FY27, while also addressing ongoing cost pressures. The railway and defense segments are progressing, with approvals and supplies underway. Management expressed confidence in improving margins and operational efficiency moving forward, despite current challenges.

Management reported strong revenue growth but also highlighted significant cost pressures affecting profitability.