Belrise Industries shares surge 7% after Q4 profit jumps over 5-fold
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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.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.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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