Sharda Motor Industries earnings calls.
Other · 1 quarter tracked · source-linked performance, management guidance and promise context.
Latest revenue
₹881.6 Cr
verified financial record
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1
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What changed this quarter?
Sharda Motor Industries reported Q3 FY26 consolidated revenue of Rs 881.6 crore (+28% YoY), driven by broad-based industry growth across PV, LCV, and 3W segments. Gross profit grew 12% YoY to Rs 202.3 crore, lagging industry volume growth of 16–19%, which management attributed to WIP inventory dynamics in the value chain rather than market share loss. EBITDA came in at Rs 106.4 crore with 12.1% margins, a contraction of ~100bps YoY, reflecting product mix headwinds. PAT stood at Rs 81.44 crore. The 9-month performance showed revenue of Rs 2,425 crore (+16% YoY) and PAT of Rs 256 crore (+10.8% YoY). Key order wins in lightweighting (control arms and links worth $22.5 million lifetime value) and exports ($18.5 million lifetime value) provide multi-year revenue visibility. A new Uttarakhand facility (~Rs 20 crore capex) and Dongi technology partnership expand capabilities in subframes and torsion beams. The risk is that EBITDA margins contracted YoY on mix shift, TM5 regulation remains indefinitely delayed with no capex initiated, and new SOPs will take time to materially offset the headwind.
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Revenue
₹881.6 Cr
Source date
Pending
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