Dhoot Transmission Limited, a leading Tier-I automotive component group, has reported strong financial performance for the quarter ended June 30, 2026, with consolidated revenue from operations rising 49.7% year-on-year to ₹14,464 million. The company recorded broad-based growth across geographies and drivetrain categories, supported by robust demand in the Indian two- and three-wheeler automotive market and continued expansion in electric vehicle-related business.
Revenue from the India business increased 53.2% year-on-year, while the global business registered 18.3% growth. Revenue from EV-related supplies increased 79.2% compared with Q1 FY26 and accounted for 27% of consolidated revenue during the quarter, reflecting the increasing contribution of electrification to the company’s overall growth.
EBITDA stood at ₹2,184 million, representing a 29% year-on-year increase. EBITDA margin improved by 110 basis points compared with Q4 FY26, although it declined by 250 basis points from Q1 FY26. The margin movement was primarily influenced by higher input and labour costs. Copper and other raw material price increases were not fully passed through to customers during the quarter, with the business generally experiencing a time lag between cost increases and corresponding customer price adjustments.
Profit after tax for the quarter stood at ₹1,327 million. Depreciation and amortisation expenses increased 13.1% over Q4 FY26, mainly due to higher capitalisation and the impact of the Multilink acquisition for part of the quarter. Finance costs declined during Q1 FY27 as the company continued to optimise working capital debt following the equity infusion completed in March 2026. Other income included ₹75.9 million in interest earned on fixed and term deposits created from a portion of the equity proceeds.
The company also provided an update on the acquisition and integration of Multilink. Dhoot Transmission gained control of the business on June 11, 2026, with the majority of the consideration paid during June and the balance settled during July and August. Integration activities are progressing as planned and are expected to be completed by Q3 or early Q4.
Rahul Dhoot, Managing Director, Dhoot Transmission Limited, said, “The growth in the Indian two and three-wheeler automotive market was robust. Our business growth for the first quarter was above our expectations with strong growth both in EVs and ICE vehicles. Electrification trend is aiding growth in wiring harness as well as non-wiring harness businesses for us. We are confident of delivering another year with strong growth. Integration for recently acquired Multilink business is progressing well, and we are confident of leveraging the business to scale up our non-wiring harness business meaningfully.”
Founded in 1999, Dhoot Transmission has a 41% market share in India’s two- and three-wheeler wiring harness segment for FY26. Its portfolio also includes wiring harnesses, electronic sensors and controllers, automotive switches, connection systems and EV products such as charging guns, inlets, off-board chargers, RCDs and lithium-ion battery assemblies. The group employs more than 2,500 people across 23 manufacturing facilities in India, the UK, Slovakia and Thailand.
