Sahyadri Industries Limited has informed the Exchange about Transcript
SAHYADRI · price
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Sahyadri Industries reported Q1 FY26 total income of Rs. 216.1 crore, flat year-on-year but up 41.6% quarter-on-quarter. EBITDA came in at Rs. 21.7 crore with margin of 10.1%, down from 11.4% a year ago but up from 9.1% in the previous quarter. Profit after tax stood at Rs. 10.8 crore, declining 13.8% YoY but rising 152.2% QoQ. Capacity utilisation improved to 93% from 89% a year ago. Management guided for 8–10% topline growth in FY26 and indicated margins should improve versus FY25, supported by better monsoon, stabilising raw material costs and pricing actions. The Palghar capacity expansion, delayed to Q4 FY27, involves Rs. 100 crore investment (Rs. 50 crore already spent) and is expected to add Rs. 125 crore to revenue once operational. The non-asbestos segment is expected to roughly double over the next 3–4 years.
Margins remain under pressure from elevated imported asbestos fibre costs, weak rural demand and rupee depreciation, but management's guidance points to a recovery in FY26. Investors should watch for evidence of price realisation improvement and resolution of the Palghar land acquisition delay, which is key to the planned Rs. 125 crore revenue addition.