Sandhar Technologies Limited has informed the Exchange about Transcript

Sandhar Technologies reported 21% revenue growth in Q1 FY26 (22% in India), but consolidated EBITDA margin fell to 9.18% from 9.85% a year ago due to several one-off items: a notional FX translation loss of INR 4.5 cr, INR 3 cr commodity price lag, INR 2 cr one-time power costs in Mexico, and about INR 20 cr of lost business from two customers with supply issues. The company is consolidating its 4 business verticals (aluminum die casting, sheet metal, automotive technology products, and construction equipment) into separate entities. Sundaram-Clayton acquisition contributed around INR 103 cr in revenue with a 4% EBITDA margin, expected to break even by year-end. Management maintained its 0.5% EBITDA margin expansion guidance for FY26 and confirmed plans to raise up to INR 500 cr via QIP primarily for future acquisitions, with a target ROCE threshold of 18% post-tax. Net debt stood at INR 825 cr with management aiming to keep total debt between INR 850-900 cr. EV products (battery chargers, motor controllers, DC-DC converters) generated less than INR 2 cr in revenue during the quarter.