Fiem Industries jumps as Q2 PAT rises 32% YoY

Fiem Industries surged 6.39% to Rs 2,067.70 after the company reported a 31.9% year-on-year increase in consolidated net profit to Rs 84 crore in Q2 FY27.

Sequentially, net profit rose 29.5% from Rs 64.88 crore in Q1 FY27.

Revenue from operations increased 31% year on year to Rs 937.34 crore from Rs 715.39 crore. Sequentially, revenue grew 20.9% from Rs 775.39 crore.

Profit before tax rose 34.2% year on year to Rs 113.85 crore from Rs 84.83 crore. Sequentially, PBT increased 28.9% from Rs 88.31 crore.

Total expenditure increased 29.9% year on year to Rs 825.56 crore. Raw material consumption rose 35.1% to Rs 593.71 crore, while employee expenses increased 30.1% to Rs 128.27 crore. Interest costs rose to Rs 1.10 crore from Rs 0.37 crore, while depreciation declined marginally to Rs 19.21 crore from Rs 19.34 crore.

The company reported net cash from operating activities of Rs 98.53 crore during H1 FY27, compared with Rs 94.65 crore in the corresponding period last year, an increase of 4.1%.

Fiem Industries manufactures automotive components, including lighting and signalling equipment, rear-view mirrors, plastic-moulded parts and sheet-metal components. Its portfolio also includes LED lighting products for indoor and outdoor applications and integrated passenger information systems with LED displays.

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