Investor Call Transcript of the Call held on 25th May, 2026 for Financial Results for Q4 and FY 2025-2026
SANDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sandhar Technologies reported FY26 revenue of INR 4,852 crores, up 25% YoY, marking an all-time high. EBITDA grew 28% to INR 513 crores (10.6% margin), PBT jumped 39% to INR 256 crores, and PAT surged 40% to INR 199 crores. The company guided for 15% revenue growth in FY27 on a conservative basis, with plans to double revenues every 3-4 years. Management targets EBITDA margin improvement of 0.25% annually for existing projects. Several new projects including Sundaram-Clayton die-casting, Khed City, and Pune fabrication are expected to turn profitable by Q2-Q3 FY27, while EV and Romania operations should break even by FY28. The overseas business, which had been a drag, turned EBT break-even in Q4 FY26.
Strong performance with 40% PAT growth signals operational efficiency. The 15% revenue guidance is conservative and excludes potential pricing benefits. Investors should monitor new project ramp-ups and overseas commodity pass-through timing, as these will determine whether margin improvement targets are met.