Munjal Auto Industries shares soar 15%, hit 52-week high after Q1 results. What moved the stock?

Shares of Munjal Auto Industries gained nearly 15% to hit a high of Rs 116.60 on the BSE on Thursday, after the auto components maker reported a sharp jump in its financial performance for the first quarter ended June 30, 2026. The stock opened at Rs 110.50 against its previous close of Rs 100.40 and touched a fresh 52-week high during intra-day trade.

Munjal Auto Industries reported strong revenue and profit growth for Q1. On a consolidated basis, the company's revenue from operations jumped 42.36% year-on-year to Rs 699.01 crore compared with Rs 491.02 crore in the corresponding quarter of the previous financial year. Revenue also grew 13.80% sequentially from Rs 614.24 crore recorded in the quarter ended March 2026. Total income for the quarter stood at Rs 719.40 crore.

The company saw a strong turnaround in its bottom line. Consolidated profit after tax came in at Rs 28.50 crore for the quarter, compared with a net loss of Rs 1.26 crore reported in Q1 of the previous year. On a quarter-on-quarter basis, net profit grew 47.57% from Rs 19.31 crore. Profit before tax and exceptional items rose to Rs 35.21 crore from Rs 17.58 crore in the year-ago quarter.

Strong segment performance across operations

Munjal Auto operates through two primary business segments, including auto components and composite products. Both divisions registered healthy top-line expansion during the quarter.

The auto components segment recorded revenue of Rs 415.39 crore, up from Rs 296.76 crore in the same quarter last year. Segment profit before tax and interest for auto components increased to Rs 22.76 crore compared with Rs 8.97 crore in Q1 last year.

The composite products and moulds segment, driven by subsidiary Indutch Composites Technology Private Limited, delivered revenue of Rs 283.63 crore, marking a 45.99% growth over Rs 194.26 crore in the year-ago period. Segment profit for this division stood at Rs 22.84 crore compared with Rs 17.13 crore in the corresponding quarter.

Financial highlights and mark-to-market gains

During the quarter ended June 30, 2026, Munjal Auto recorded an unrealised mark-to-market gain of Rs 16.23 crore on its mutual fund investments due to fair valuation requirements under accounting standards. The gain was classified under other income. This comes after the company recorded a mark-to-market loss of Rs 14.06 crore in the preceding quarter ended March 2026, which was grouped under other expenses.

Total expenses for the consolidated entity stood at Rs 684.19 crore for the quarter compared with Rs 623.49 crore in the year-ago period. Cost of materials consumed rose to Rs 521.37 crore from Rs 359.73 crore last year.

Consolidated basic and diluted earnings per share for the quarter came in at Rs 2.58, up from Rs 1.58 in Q1 last year and a negative Rs 0.03 in the previous quarter.

Standalone net profit stood at Rs 20.07 crore against Rs 8.37 crore in the year-ago quarter. Subsidiary Indutch Composites Technology contributed Rs 283.63 crore to total revenues and Rs 8.55 crore to net profit after tax.

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