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Shares of recently-listed Belrise Industries climbed as much as 6.9% to Rs 108.98 on the BSE on Monday, buoyed by strong March quarter earnings that saw the company post a more than five-fold rise in net profit.
The automotive components manufacturer reported a net profit of Rs 110.02 crore for the quarter ended March 31, 2025, a sharp 574% jump from Rs 16.3 crore in the same period last year. Revenue for the quarter rose 49% year-on-year to Rs 2,274 crore, compared to Rs 1,526 crore a year earlier.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 276 crore, up 54.4% from Rs 178.6 crore in Q4FY24. The company’s operating margin expanded to 12.13% from 11.7% in the year-ago quarter.
The stock has gained momentum since its listing on May 28, when it closed with a premium of over 8% to its issue price of Rs 90. The Rs 2,150-crore initial public offering (IPO) had received strong investor interest, being subscribed 41.30 times. The offer had a price band of Rs 85–90 per share.
As of March 31, 2024, Belrise Industries held a 24% market share in the two-wheeler metal components segment in India by revenue, placing it among the top three players in the category. With rising product sales and a growing international footprint, the company has demonstrated consistent revenue growth.
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Its diverse product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems.Belrise Industries maintains “a long-standing relationship with customers, including prominent multinational OEMs such as Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover and Royal Enfield Motors.” The company also supplies to VE Commercial Vehicles, Tata Motors, and Mahindra.Also read | ONGC, Oil India shares gain up to 3% as Israel-Iran conflict drives crude higher; drag on refiners, tyre makers
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