Investor Call Transcript of the Call held on 25th May, 2026 for Financial Results for Q4 and FY 2025-2026
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 28 May 2026, 03:43 PM IST · BSE ID: a7b159f9-049e-4ed7-928e-b9b74d1f795a
View Original BSE Filing (PDF)
💡
In Simple Terms
Sandhar Technologies reported strong financial growth for FY26, with revenue over INR 4,800 crores and profit up 40%.
🤖 AI Summary
- Sandhar Technologies' consolidated revenue for FY26 reached INR 4,852 crores, up 25% year-on-year.
- Consolidated EBITDA for FY26 was INR 513 crores, a 28% increase, achieving a 10.6% margin.
- Profit After Tax (PAT) for FY26 stood at INR 199 crores, reflecting a 40% year-on-year growth.
- India business revenue grew 28% to INR 4,384 crores, with PAT increasing 44% to INR 221 crores in FY26.
- Management provided FY27 revenue growth guidance of over 15%, excluding potential pricing retrigger benefits.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Revenue FY26
INR 4,852 crores
25%
Consolidated EBITDA FY26
INR 513 crores
28%
Consolidated PAT FY26
INR 199 crores
40%
India Business Revenue FY26
INR 4,384 crores
28%
India Business PAT FY26
INR 221 crores
44%
Overseas Subsidiaries Annual Loss (EBT)
€2.56 million (INR 26.19 crores)
EV Business Revenue FY26
INR 20 crores
🏢 How This Affects the Company
The company crossed INR 4,800 crores in revenue for the first time, driven by a 28% growth in its India business and significant two-wheeler segment expansion. EV business achieved INR 20 crores revenue in FY26, projected to double in FY27.
Consolidated revenue increased by 25% to INR 4,852 crores, EBITDA by 28% to INR 513 crores, and PAT by 40% to INR 199 crores, indicating improved profitability. Overseas subsidiaries turned around in Q4, reaching break-even at EBT level.
Ongoing optimization efforts in overseas subsidiaries contributed to improved Q4 performance. Investments in new businesses like Sundaram-Clayton's acquired die-casting business and new sheet metal operations are maturing and showing positive results.
Sustained annual loss of €2.56 million (INR 26.19 crores at EBT level) in overseas subsidiaries remains a concern, though Q4 showed a turnaround. The company acknowledges potential Q1 dip due to aluminum price increase but expects pass-through.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this investor call transcript.
👤
Who Is Affected
All shareholders are affected by the company's financial performance and future growth outlook, as presented by management during the Q4 FY26 earnings call.
🔍
Management Signal
Management signals confidence in sustained growth and profitability, aiming to double revenues every three to four years and guiding for over 15% revenue growth in FY27.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 financial results — verify revenue growth and profitability.
Updates on overseas subsidiaries' profitability — confirm sustained turnaround.
Status of Sundaram-Clayton acquisition and other new projects turnaround.
MEDIUM RISK
Overseas subsidiaries' annual losses and ongoing turnaround efforts for recently acquired/new projects present execution risks.
💡 Investor Takeaway
Sandhar Technologies reported FY26 consolidated revenue of INR 4,852 crores, up 25% YoY, with PAT rising 40% to INR 199 crores. The India business grew 28% to INR 4,384 crores, and management guided for over 15% revenue growth in FY27.
⚖️ Strengths & Concerns
✅ Positives
- Consolidated revenue for FY26 grew 25% to INR 4,852 crores, an all-time high, exceeding the INR 4,800 crore mark.
- PAT for FY26 increased by 40% to INR 199 crores, demonstrating strong bottom-line performance.
⚠️ Concerns
- Overseas subsidiaries reported an annual loss of €2.56 million (INR 26.19 crores at EBT level) for FY26.
- Acquired Sundaram-Clayton die-casting business and Khed City/Pune projects are expected to continue with EBT level losses or turnaround from Q2/Q3 FY27.
❓ Frequently Asked Questions
What was Sandhar Technologies' consolidated revenue for FY26?
Sandhar Technologies reported a consolidated revenue of INR 4,852 crores for FY26, representing a 25% increase year-on-year.
What was Sandhar Technologies' Profit After Tax (PAT) for FY26?
The consolidated Profit After Tax (PAT) for Sandhar Technologies in FY26 was INR 199 crores, which is a 40% growth year-on-year.
What is Sandhar Technologies' revenue growth guidance for FY27?
Sandhar Technologies has provided a guidance for over 15% growth in overall revenue for FY27, not including potential pricing retrigger benefits.
How did Sandhar Technologies' India business perform in FY26?
The India business revenue for Sandhar Technologies grew by 28% to INR 4,384 crores, with PAT increasing by 44% year-on-year to INR 221 crores in FY26.
What was the revenue from Sandhar Technologies' EV business in FY26?
Sandhar Technologies' EV business generated a revenue of INR 20 crores in FY26, with an expectation to double this revenue in the current financial year.
Questions based on this BSE filing only. For information purposes.