Fiem Industries Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Fiem Industries posted record Q2 FY26 sales of INR 711.42 Cr (+17.12% YoY) and PAT of INR 63.78 Cr (+28.02% YoY). EBITDA margin hit 13.93%, deemed sustainable. Growth was fueled by strong OEM demand (TVS, Royal Enfield, Yamaha) and new model launches with advanced LED lighting, including animation and CAN-based systems. Significant 4-wheeler business wins from Mahindra (Bolero, Scorpio, Thar) and active RFQs signal segment expansion. R&D focuses on futuristic electronics like ambient lighting. Management is confident in outperforming industry growth with 15-20% revenue growth targeted for FY27, underpinned by a heavy order book and INR 100 Cr capex for FY26.