Sandhar Technologies Limited has informed the Exchange about Investor Presentation
SANDHAR · price
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Sandhar Technologies reported consolidated revenue of ₹1,090 Cr in Q1 FY26, up 19.4% YoY, with EBITDA at ₹101.8 Cr (margin 9.34%, down from 9.90% YoY) and PAT at ₹28 Cr (down 3.6% YoY). Standalone revenue grew 8% to ₹728 Cr with PAT of ₹25.4 Cr. Management highlighted ₹16.35 Cr of one-time expenses (FX translation losses, commodity lag, Mexico power costs) and ₹10.65 Cr drag from new projects still ramping up (total investment of ₹405.66 Cr). Normalized consolidated EBT margin stood at 5.64% and ROCE at 17.6%. Debt-to-equity rose to 0.74, though credit rating remains stable at AA-. The EV subsidiary began commercial sales in July 2024 with motor controllers, battery chargers, and DC-DC converters in pilot/production stages.
Headline profit declined despite strong revenue growth, weighed down by one-time costs, overseas losses (€1.06 Mn PAT loss), and new project drag. Investors should watch normalization of margins and the ramp-up of the EV business; short-term pressure on profitability is likely to persist until new projects reach scale.