Synopsis: The share of this manufacturing company experienced a sharp decline after the Q2 results were announced with stagnant numbers after the market.
The share of this small-cap company, which is engaged in the business of manufacturing and supplying Auto Air Conditioning products for all major Automakers in the Passenger and Commercial Vehicle Space, plunged today following mixed Q2FY26 results, disappointing investors.
With a market capitalization of Rs. 5,899.27 crore, the shares of Subros Ltd made a day low of Rs. 888.3 per share, down by 12 percent from its previous day’s close of Rs. 1010.50 per share. Over the past 1 year, the stock has delivered a healthy return of 39.2 percent, compared to Nifty’s return of 7.5 percent.
QoQ view
Subros Ltd has announced a revenue of Rs. 880 crore in Q2 FY26, representing a flat revenue compared to Rs. 878 crore in Q1 FY26. It reported an EBITDA of Rs. 68.5 crore in Q2 FY26, a decline of 16.43 percent from Rs. 82 crore in Q1 FY26. In addition, Net profit was stagnant at Rs.40.7 crore in Q2 FY26,compared to its Q1 FY26 profit of Rs. 40.8 crore.
YoY view
Subros Ltd has posted a revenue from operations of Rs. 880 crore in Q2 FY26, a growth of 6.2% from Rs.828 crore in Q2 FY25. EBITDA Rs.68.5 crore in Q2 FY26, a decline of 10% from its Q2 FY25 number of Rs. 76.5 crore. Net profit of the company for Q2 FY26 was at Rs. 40.7 crore, a growth of 12 percent YoY.
Business Highlights
In Q2 FY26, the company hasn’t performed well comparatively to its last Year as the flat financial suggests. Revenue has increased by 6.22% YOY in Q2 as a result of increase in volume & other income being due to accrued incentive of Rs.13.4 crore. Accompanied with high employee cost due to wage revision. The dull quarter-on-quarter performance is due to higher material cost, model mix and reimbursement of commodity prices.
About the Company
Subros Limited, established in 1985, is a leading manufacturer in the automotive thermal management sector, delivering high-quality thermal solutions for HVAC and engine cooling requirements. Subros offers a robust product portfolio that includes HVAC, compressors, heat exchangers and AC lines suiting multiple applications that have earned the trust of major automotive OEMs across India.
Segments: Offers thermal solutions in passenger vehicles, truck applications, rail applications and bus applications. It’s also present in Residential, commercial cooling systems and transport refrigerator systems.
Written by Gourav Pratap Singh
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