India · Delayed Price · Currency is INR Sharda Motor Industries Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY27 revenue rose 34% YoY, while gross profit grew 8% amid customer disruption and one-time supply costs. Growth priorities include lightweighting, emissions, temperature-controlled tubes and exports, with FY27 execution paced by customer schedules.
Fiscal Year 2026
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FY 2026 revenue rose 20% to INR 3,396.8 crore, while gross profit grew 8%. Lightweighting and export orders are expected to drive future growth, with FY 2027 CapEx guided at INR 90–110 crore.
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Q3 revenue grew 28% YoY and EBITDA 13%, while 9M EBITDA growth was 3%. Lightweighting and export orders strengthen the growth pipeline, with ramp-up dependent on future SOPs.
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Q2 revenue rose 11% YoY, while gross profit and EBITDA grew 4%; catalyst pass-through costs and growth investments weighed on margins. Lightweighting orders, the Donghee technology agreement and export wins underpin expansion plans.
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Q1 FY26 revenue rose 10% YoY, while gross profit increased 5% and EBITDA margin was 13%. Growth plans center on lightweighting, exports and emission adjacencies, amid uncertain tariffs and TREM V changes.
Fiscal Year 2025
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FY25 gross profit rose 11% and EBITDA margin reached 14%, despite revenue growth of 1%. FY26 drivers include new lightweighting capacity, temperature-controlled tubes and export awards, while TREM V timing and tariff conditions remain uncertain.
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Q3 revenue was ₹690 crore, with 9M gross profit up 14% and EBITDA up 13% YoY. New suspension, emissions, and export programs underpin expected growth ahead of the industry, while TREM V timing and demand remain uncertain.
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Q2 revenue fell 7% YoY, but gross profit and EBITDA grew, with EBITDA margin reaching 14.8%. A first U.S. commercial-vehicle export order and investment in lightweighting support longer-term growth, amid uneven domestic vehicle demand.
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Q1 FY25 revenue rose 5% YoY, while EBITDA increased 40% and PAT 39%. Growth plans center on exports, TREM V, commercial vehicles and lightweighting, with no near-term numerical guidance.