Rico Auto Industries triples profitability despite market slowdown

Rico Auto Industries recorded Q1 FY26 revenue of INR543 crores, maintaining prior year levels despite automotive market de-growth. Profitability tripled compared to last year, driven by enhanced cost controls and new higher-margin components. Earnings per share rose to INR1.24 from INR0.42.

The company targets 12%-13% EBITDA margins by Q4 FY26. Rico Auto anticipates additional INR156 crores revenue from new auto parts businesses in FY26, projected to grow to INR550 crores next year.