Shigan Quantum Technologies Announces Financial Results for FY26, Highlights Growth in EV Components

Shigan Quantum Technologies Announces Financial Results for FY26, Highlights Growth in EV Components​

Shigan Quantum Technologies Limited, an automotive manufacturing and engineering company, announced its financial results for the year ended March 31, 2026. The company, which specializes in Alternative Fuel Systems and Fire Protection Systems, reported key performance indicators across both standalone and consolidated results.

Consolidated revenue for the second half (H2) of FY26 reached ₹ 1,112.55 million, marking a growth of 4.48% year-over-year (Y-o-Y). Meanwhile, the consolidated PAT for H2 FY26 was ₹ 43.11 million. The company also recommended a final dividend of 5% per equity share.

Financial Performance Highlights​

The financial performance data for the half-year and full year 2026 are presented below, showing significant operational shifts and growth in key segments.

Standalone Financial Highlights (₹ Mn)


Consolidated Financial Highlights (₹ Mn)

Business Segmentation Analysis​

In terms of revenue, the Alternatives Fuel Systems segment contributed ₹ 1,456 million, making up 64% of the total revenue in FY 2025-26. This segment saw a growth of 7.05% during the financial year, primarily driven by a 30% increase in Automotive Passenger Car sales.

The Fire Protection Systems segment contributed ₹ 564 million, accounting for 24% of the total revenue. This division registered a 17.50% growth, benefiting from the addition of new customers such as Daimler India Commercial Vehicles (DICV).

Additionally, the Electronics segment contributed ₹ 266 million, representing 12% of the total FY 2026 revenue, and grew by 3% compared to the previous year.

Operational Expansion and Strategic Partnerships​

The Company undertook several capacity enhancement initiatives during the year to strengthen manufacturing and testing capabilities. These included the commissioning of a new LNG Regulator Assembly Line, Solenoid Assembly Line, advanced Automatic Helium Leak Testing Machine, and Automated Injector Line. The total investment made in these additions amounted to ₹ 29.14 million.

Furthermore, Shigan established and commissioned a dedicated facility for the localization and production of auxiliary controllers for electric buses, with a total investment of ₹ 5 million.

The company expanded its client base by securing new business from leading OEMs, including Daimler (Mercedes-Benz Group) and PMI Electro Mobility.

In technological collaborations, a subsidiary, E-Mobility Exim Pte. Ltd., entered into a Technology License Agreement with ICE-T (Changzhou) Co., Ltd., China. This agreement secures exclusive rights for India to manufacture, develop, and localize Automotive Sensors and Controllers using ICE-T's proprietary technology. Separately, the same subsidiary executed a Technology Assistance Agreement with V&T Electric (Xinjiang) Co. Ltd. for exclusive rights to manufacture and supply V&T's electric vehicle controllers and auxiliary inverters in India.

Leadership and Management Insight​

The company has also seen key additions to its leadership team. Mr. Prashant K. Banerjee joined as an Independent Director, bringing over 36 years of experience in automotive engineering and regulatory affairs, having worked with organizations like Tata Motors and IIT Bombay.

Mr. Sandip Verma joined the leadership team for Business Acquisition, bringing over 28 years of experience across P&L management and business development, having previously held roles at BorgWarner and Delphi Technologies.

Commenting on the FY26 results, Managing Director Mr. Shishir Agrawal noted that while the CNG business remained stable due to healthy demand, the LNG segment faced softening demand because the price gap between LNG and conventional Diesel fuels narrowed. He highlighted that the performance of the electrical vehicle components business provided encouragement, stating that the growth in this area indicates where the business is heading. He expressed confidence in the future growth, noting that the government's focus on electric mobility and state-level policy actions are creating durable demand.

About Shigan Quantum Technologies Limited​

Shigan Quantum Technologies Limited (SQT) is a leading auto ancillary group specializing in alternative fuel systems, EV components, and fire protection solutions. The company focuses on bringing global technologies tailored to India's needs, aiming to deliver sustainable and efficient mobility solutions for both commercial and passenger vehicles.

SHIGAN Stock Price Movement​

Today, Shigan Quantum Technologies Limited shares edged higher, closing at ₹80.05 after rallying 4.98% today. The stock recorded significant movement, with a total traded volume of 6,000 shares during the session.