What was Sandhar Technologies's revenue in Q3 FY26?

Sandhar Technologies reported revenue of ₹1,185 Cr in Q3 FY26, a +22% change year-over-year.

Did Sandhar Technologies management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

SANDHARTECHNOLOGIES Information Technology 10 Feb 2026

Sandhar Technologies Limited — Q3 FY26

Q: What guidance did Sandhar Technologies management give?

Overseas business to break even from Q4 FY26: Management expects overseas operations to turn EBITDA positive starting Q4 FY26, with high single-digit margins (9-10%) in FY27.

Sandhar Technologies delivered a strong Q3 FY26 with consolidated revenue growth of 22% YoY, driven by robust performance in the existing India business (revenue up 14.5%, EBITDA margin expanding from 10.5% to 11.9%).

Revenue ₹1,185 Cr +22%

EBITDA —

PAT ₹33 Cr

EBITDA Margin —

Duration 45 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Sandhar Technologies delivered a strong Q3 FY26 with consolidated revenue growth of 22% YoY, driven by robust performance in the existing India business (revenue up 14.5%, EBITDA margin expanding from 10.5% to 11.9%). The new projects segment saw revenue surge from ₹2.74 crore to ₹305 crore in 9 months, turning EBITDA positive. Overseas losses narrowed to ₹8 crore (vs ₹11 crore in Q3 FY25), with management targeting breakeven from Q4 FY26. The EV business generated ₹12 crore revenue, with commercial invoicing of battery chargers and motor controllers underway. Key risks include slower-than-expected turnaround in overseas operations and subdued adoption of smart locks due to high prices.

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Overseas debt and translation losses

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Quarter Snapshot

Existing Business EBITDA Margin 11.9%

+140bps YoY

Improved from 10.5% in Q3 FY25, driven by operational efficiencies.

New Projects Revenue (9M) ₹305 Cr

+110x YoY

Grew from ₹2.74 crore in 9M FY25, driven by new plant ramp-up.

Overseas Business EBITDA ₹-8 Cr

+27% YoY

Loss reduced from ₹11 crore in Q3 FY25; management expects breakeven next quarter.

EV Business Revenue (9M) ₹12 Cr

Multiple times YoY

Commercial invoicing of battery chargers and motor controllers started.

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Guidance and risk preview

Top guidance Overseas business to break even from Q4 FY26

Management expects overseas operations to turn EBITDA positive starting Q4 FY26, with high single-digit margins (9-10%) in FY27.

Top risk Overseas debt and translation losses

Overseas debt has increased due to translation losses from INR depreciation and restructuring of bill discounting into clean debt, which may pressu...

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