Rico Auto Industries (NSE:RICOAUTO) informed NSE and BSE on 12 August 2026 that its Board of Directors, in a meeting held the same day, approved unaudited standalone and consolidated financial results for the first quarter ended 30 June 2026, along with the corresponding limited review reports from auditor B S R & Co. LLP.
Key Highlights
- The board meeting commenced at 10:30 AM and concluded at 1:20 PM on 12 August 2026 at the company's Gurugram office.
- Unaudited standalone and consolidated financial results for Q1 FY27 (quarter ended 30 June 2026) were approved at the meeting.
- B S R & Co. LLP issued limited review reports for both standalone and consolidated statements, finding no material misstatements under Regulation 33 of SEBI LODR Regulations, 2015.
- The consolidated review covers five active subsidiaries, including Rico Auto Industries Inc. (USA), Rico Auto Industries (UK) Limited, AAN Engineering Industries Limited, Rico Friction Technologies Limited, and Rico Jinfei Wheels Limited.
About the Company
Rico Auto Industries Limited, headquartered in Gurugram, Haryana, is an auto components manufacturer listed on NSE (ticker: RICOAUTO) and BSE (scrip code: 520008). The company produces aluminium and ferrous precision components, sub-assemblies, and friction materials primarily for passenger vehicle and two-wheeler OEMs. Its manufacturing operations span multiple plants in India, supported by international subsidiaries in the United States and the United Kingdom.
Announcement in Detail
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved unaudited standalone and consolidated financial results for the quarter ended 30 June 2026. The limited review was conducted by B S R & Co. LLP (Firm Registration No. 101248W/W-100022), with partner Shashank Agarwal (Membership No. 09510) signing both reports on 12 August 2026.
For the consolidated review, the auditors noted that three subsidiaries with total revenues of Rs. 57.81 crores, net profit after tax of Rs. 1.10 crores, and total comprehensive income of Rs. 1.22 crores for the quarter were reviewed by other auditors. One additional subsidiary recorded nil revenues and a net loss after tax of Rs. 0.04 crores for the quarter; management confirmed this entity is not material to the Group. Rico Fluidtronics Limited, previously a subsidiary, merged into Rico Jinfei Wheels Limited during the year ended 31 March 2026.
Impact on Investors
Investors will note that the limited review reports for both standalone and consolidated results carry an unmodified conclusion, meaning the auditors found nothing that causes them to believe the statements contain a material misstatement under the applicable Indian Accounting Standards and SEBI disclosure norms. This outcome satisfies the mandatory quarterly reporting requirement under Regulation 33 of SEBI LODR Regulations, 2015.
The filing shows that the Q1 FY27 figures for the quarter ended 31 March 2026, as reported in these statements, represent balancing figures derived from the audited full-year numbers and reviewed year-to-date figures, a standard disclosure noted by the auditors. Shareholders will observe that no dividend or other corporate action was announced alongside the results at this board meeting.
Sector / Market Context
India's automobile components industry continues to be shaped by production volumes across passenger vehicles, two-wheelers, and commercial vehicles. According to the Automotive Component Manufacturers Association of India (ACMA), the domestic auto components sector's turnover has been growing steadily, supported by increasing vehicle production across OEM segments. Precision aluminium and ferrous components, which form the core of Rico Auto's product portfolio, remain integral to powertrain and braking systems across vehicle platforms manufactured by major Indian OEMs.