Service Long March Tyres Limited

Accounts in this report: Group and Company only.

SLM grew Q1 revenue 34.3% to Rs. 22.19 billion and profit after tax 23.1% to Rs. 3.69 billion, with EPS of Rs. 0.474. Gross margin contracted to 21.3% from 22.6% on raw material and freight costs, while operating margin fell to 16.9%. Operating cash flow was negative at Rs. 3.47 billion due to a Rs. 7.33 billion working capital build. Short-term financing rose to Rs. 19.87 billion and debt-to-capital to 0.42 times, though Rs. 6.89 billion sits in money market funds. Equity declined after the Rs. 6.47 billion final dividend and capex rose to Rs. 2.47 billion for the expansion and PCR tyre project. The new 11% customs duty on imported truck and bus radial tyres from October 21, 2026 is a potential tailwind.

Summaries are written by a model from the report text and can mix group and company-only figures; the numbers elsewhere in this dashboard come from the statements.