SUNDRAMFASTENERS Other 2026-04-??

Sundram Fasteners Limited — Q4 FY26

Sundram Fasteners reported a solid FY26 with revenue of ₹5,612 crore (+7% YoY) and record PAT of ₹580 crore, driven by strong domestic OEM and retail growth (retail up ~20% in Q4) and a recovery in exports.

bullish high

Revenue ₹1,693 Cr +7.3%

EBITDA —

PAT ₹161 Cr

EBITDA Margin 15% +140bps

Duration —

Read Time 1 min read

✓ Verified against BSE filing

2-Min Summary

✦ AI-Generated from Full Transcript

Sundram Fasteners reported a solid FY26 with revenue of ₹5,612 crore (+7% YoY) and record PAT of ₹580 crore, driven by strong domestic OEM and retail growth (retail up ~20% in Q4) and a recovery in exports. EBITDA margin expanded 140 bps to 17% on stable raw material costs and operating leverage. Management guided for double-digit revenue growth in FY27, with exports expected to grow 15-20% and non-auto segments (railways, aerospace, wind energy) providing incremental upside. Key risk: any escalation in geopolitical tensions or tariff disruptions could derail export recovery.

Key Numbers

Export growth (Q4 YoY) Positive territory

Return to growth

Exports turned positive in Q4 after a weak FY26, driven by North American class 8 truck orders doubling.

Railway monthly run-rate ₹2-3 crore/month

Targeting ₹100 crore annualized

Railway fastener business currently small but management sees potential to reach ₹100 crore annual run-rate by Q3/Q4 FY27.

Non-auto share of revenue 35%

Targeting 50%

Non-auto (including tractors) is 35% of revenue; management aspires to increase this to 50% over time.

Class 8 truck orders (Q1 CY26) Doubled YoY

+100% YoY

Preliminary orders for North American class 8 trucks in Jan-Mar 2026 doubled vs year-ago, signaling strong demand.

Management Guidance

Double-digit revenue growth in FY27

Management targets double-digit revenue growth in FY27, driven by domestic OEM, retail, and export recovery.

Management guidance revenue

Export growth of 15-20% in FY27

Exports expected to grow 15-20% in FY27, supported by North American class 8 truck recovery and new customer additions.

Management guidance growth

Railway fastener business to reach ₹100 crore annual run-rate

Railway fastener monthly run-rate of ₹2-3 crore expected to scale to ₹100 crore annualized by Q3/Q4 FY27.

Management guidance growth

Capex of at least ₹300 crore per annum

Company continues to invest minimum ₹300 crore annually, with 70% for growth and 30% for replacement.

Management guidance capex

Key Risks

Geopolitical and tariff disruptions

Escalation in West Asia conflict or US tariff changes could impact export recovery and raw material costs.

high · management_commentary

EV program delays

US EV orders have been downsized (GM, Stellantis) and ramp-up may be slower than expected, affecting export growth.

medium · analyst_question

Raw material inflation

Nickel and aluminium prices have risen post-West Asia conflict; while pass-through exists, margin compression is possible if inflation accelerates.

medium · data_observation

Notable Quotes

We are looking at a growth of at least 3 to 4 percentage points more than the industry segments.

B. Ganesh · Vice President Finance and Projects

The class 8 truck preliminary orders were almost doubled that of the year ago period.

B. Ganesh · Vice President Finance and Projects

We target nominal GDP plus 2% or 2x of GDP roughly around 12 to 13% growth.

Bilip Kumar · CFO

Frequently Asked Questions

What was Sundram Fasteners's revenue in Q4 FY26?

Sundram Fasteners reported revenue of ₹1,693 Cr in Q4 FY26, representing a +7.3% change compared to the same quarter last year.

What guidance did Sundram Fasteners management give for FY27?

Double-digit revenue growth in FY27: Management targets double-digit revenue growth in FY27, driven by domestic OEM, retail, and export recovery. Export growth of 15-20% in FY27: Exports expected to grow 15-20% in FY27, supported by North American class 8 truck recovery and new customer additions. Railway fastener business to reach ₹100 crore annual run-rate: Railway fastener monthly run-rate of ₹2-3 crore expected to scale to ₹100 crore annualized by Q3/Q4 FY27. Capex of at least ₹300 crore per annum: Company continues to invest minimum ₹300 crore annually, with 70% for growth and 30% for replacement.

What are the key risks for Sundram Fasteners in FY27?

Key risks include Geopolitical and tariff disruptions — Escalation in West Asia conflict or US tariff changes could impact export recovery and raw material costs.; EV program delays — US EV orders have been downsized (GM, Stellantis) and ramp-up may be slower than expected, affecting export growth.; Raw material inflation — Nickel and aluminium prices have risen post-West Asia conflict; while pass-through exists, margin compression is possible if inflation accelerates..

Did Sundram Fasteners meet its previous quarter's guidance?

Scorecard data is being built as historical quarters are processed.

Where can I read the full Sundram Fasteners Q4 FY26 concall transcript?

The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.