SANDHARNSESandhar Technologies LimitedMediumNeutral
Announced Fri, 13 Feb · 14:38 IST

Sandhar Technologies Limited has informed the Exchange about Investor Presentation

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureInvestor Communications View source PDF

SANDHAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sandhar Technologies reported consolidated revenue of ₹3,545.10 Crs for 9M FY26, up 23.5% year-on-year, with EBITDA rising 26.7% to ₹368.13 Crs at a stable 10.4% margin. Profit before tax grew 42.4% to ₹173.71 Crs and ROCE improved to 12.7% from 11.2%. India existing business showed healthy performance with revenue up 14.5% and EBITDA margin expanding from 11% to 12%. However, overseas operations (Barcelona, Mexico, Romania, Poland) remained under pressure with revenue flat at ₹346.67 Crs and EBITDA falling 22.8% due to global slowdown, currency depreciation, and underutilization of the Romania plant. New projects (acquired from Sundaram Clayton, Khed City, Sanaswadi, Behrampur) are scaling up with revenue jumping from ₹2.74 Crs to ₹305.05 Crs but still loss-making at the EBT level. Q3 standalone revenue dipped slightly and EBITDA fell 5.1% YoY, showing some sequential softness.

Likely market impact

Positive for shareholders — strong growth in core India business and improving profitability, but overseas drag and one-time gains in other income (₹47.77 Crs from Peenya asset sale and JV exit) inflate headline numbers. Watch for overseas recovery and new project break-even timeline.