Sandhar Technologies Limited has submitted to the Exchange, the unaudited standalone and consolidated financial results along with the limited review report for the period ended Jun 30, 2025 and other matters
SANDHAR · price
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Sandhar Technologies reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results: standalone revenue rose about 8% to INR 728.1 cr from INR 674.1 cr a year ago, with net profit at INR 25.4 cr vs INR 24.7 cr (up ~3%). Consolidated revenue grew ~19.5% to INR 1,090.1 cr but net profit slipped to INR 28.0 cr from INR 29.1 cr. On consolidated books, the company booked one-time gains of INR 7.1 cr (Kwangsung Sandhar) and INR 6.7 cr (Jinyoung Sandhar) from exiting two joint ventures. The Board approved raising up to INR 500 cr via preferential allotment, QIP, or private placement and sought to double its borrowing limit from INR 600 cr to INR 1,200 cr. It also approved slump sale of its TN Unit-I and HR Unit-V to its wholly owned subsidiary Sandhar Ascast Pvt Ltd. Founder Jayant Davar was re-appointed as Executive Chairman & CEO for 5 years effective January 1, 2026, and a final dividend of INR 3.50/share (35%) was reaffirmed for the September 19, 2025 AGM.
Shareholders should note the INR 500 cr capital raise plan which could be dilutive depending on the mode chosen, and the sharp jump in sanctioned borrowing limits that signals a significant capex or acquisition pipeline. Underlying operating performance was modest—consolidated revenue growth was strong but margins were flat to slightly compressed, with consolidated PAT actually declining year-on-year, masking the headline lift from JV exit gains.