BSESAR Auto Products LtdHighNeutral
Announced Tue, 10 Feb · 14:23 IST

Outcome Of Board Meeting & Submission Of Un-Audited Financial Results For The Quarter & Nine Months Ended On 31st December-2025.

Revenue DeclineResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

SAR Auto Products, a Rajkot-based maker of gears, gearboxes and transmission components, reported Q3 FY26 revenue from operations of Rs. 358.48 lakhs, broadly flat year-on-year versus Rs. 352.31 lakhs but sharply higher than Q2's Rs. 241.37 lakhs. Net profit for the quarter rose to Rs. 20.59 lakhs (EPS Rs. 0.43) from Rs. 15.29 lakhs (EPS Rs. 0.32) a year earlier, helped by lower material costs. However, the nine-month picture remains weak, with revenue falling about 29% to Rs. 826.79 lakhs from Rs. 1,166.67 lakhs and net profit dropping roughly 40% to Rs. 46.12 lakhs from Rs. 76.53 lakhs. The statutory auditor J. A. Sheth & Associates issued an unmodified limited review report with no qualifications. The company flagged that financial impact of the four new labour codes (effective 21 Nov 2025) is still being evaluated.

Likely market impact

The sharp nine-month revenue and profit decline is a concern for shareholders, but the strong sequential rebound in Q3 and improving margins suggest a recovery may be underway. Short-term stock reaction will likely hinge on whether Q4 sustains the Q3 momentum.