Bonfiglioli Transmissions Limited (NSE: BONFIG | BSE: 544996), India’s largest manufacturer of gearboxes below 15,000 Nm and drive solutions, reported its highest-ever quarterly performance across key financial parameters for the quarter ended September 30, 2026. The results mark the company’s first earnings announcement following its listing.
Revenue from operations grew 30.2% year-on-year to ₹6,602 million in Q3 CY26. EBITDA increased 38% to ₹1,289 million, translating into a margin of 19.5%, while net profit rose 38.2% to ₹871 million, with a margin of 13.1%. For the nine months ended September 30, 2026, revenue increased 22.8% year-on-year to ₹17,920 million. EBITDA margin stood at 19.7%, while PAT margin was 13.1%.
The company’s performance was broad-based across its three key business verticals: Industry & Automation, Off-Highway Mobility and Wind. Each segment recorded its highest-ever quarterly revenue, reflecting demand across end-user industries. Domestic revenue grew 23.8% year-on-year, while exports increased 46.2%.
In Q3 CY26, Industry & Automation contributed 41.2% of revenue, Off-Highway Mobility 31.2%, Wind 25.7% and other segments 1.9%. Domestic markets accounted for 67.6% of revenue, with exports contributing 32.4%. For the nine-month period, the respective vertical contributions were 42%, 29.4%, 26.8% and 1.9%, while domestic and export markets accounted for 69.4% and 30.6%, respectively.
Commenting on the performance, Kennady V Kaippally, Managing Director, Bonfiglioli Transmissions Limited, said, “Q3 CY26 is a special milestone for Bonfiglioli India – it is our first set of results as a listed company. On behalf of the Board and the entire Bonfiglioli team, I would like to thank our investors for the overwhelming response to our IPO and welcome all our new shareholders to the Bonfiglioli family. Operationally, Q3 CY26 was a strong quarter with record financial performance across parameters.”
He noted that industrial automation and Industry 4.0 adoption, increased localisation in off-highway mobility and rising wind turbine installations are supporting demand across the company’s business segments. The company expects revenue growth of around 20% for CY26. For CY26–CY28, it is targeting revenue CAGR of approximately 15%, while maintaining EBITDA margin in the vicinity of 18.5%.
Bonfiglioli Transmissions Limited is part of Italy-based Bonfiglioli Group, a global manufacturer of mechanical and electro-mechanical power transmission solutions with nearly 70 years of experience, operations in 80 countries and 18 production sites. Present in India for more than 25 years, the company serves Industry & Automation Solutions, Off-Highway Mobility and Wind markets, where it holds leading positions in its respective segments.
The company serves more than 27 end-user industries and offers over 11,800 SKUs through three manufacturing facilities in Chennai and Pune. Its operations are supported by a pan-India network of 44 dealers across 31 cities and the Bonfiglioli Group’s global R&D ecosystem, including a research and development centre in India.
