ET Prime Special Series: Multibagger or IBC - Part 69: Can new businesses bridge the gap before EVs reshape the core?

This old auto ancillary manufacturer has integrated plants, a long operating history, and stable group ownership. FY26 brought higher revenue, more exports, and a new source of engineering income. Yet the financial mix contains a warning. Profitability in the established business fell even as its revenue increased. The newer engineering activity accounted for a large part of segment profit, while a planned EV-linked business is at a nascent stage. The question: Can diversification become repeatable operating profit rather than an occasional boost?

Raccontata daeconomictimes.indiatimes.com