Sharda Motor Industries Ltd (BOM:535602)

Q2 2026 Sharda Motor Industries Ltd Earnings Call Transcript

Nov 12, 2025 / 10:30 AM GMT

Release Date Price: ₹1049.8 (-10.61%)

Transcript

Key Points

Positve

Sharda Motor Industries Ltd (BOM:535602) reported a consolidated revenue growth of 11% year-over-year for Q2 FY26, reflecting strong performance in line with industry trends.
The company achieved a gross profit growth of 4% year-over-year, maintaining alignment with industry growth rates.
Sharda Motor Industries Ltd entered into a technology license agreement with Doni Industrial Company Limited, enhancing its advanced suspension portfolio with cutting-edge technology.
The company secured two new orders in the lightweighting vertical, with a combined annual value of USD 1,414 million and a lifetime value of USD 70 million, indicating strong future growth potential.
The global business vertical continues to gain traction, with a new order valued at USD 4.8 million annually, showcasing successful international expansion efforts.

Negative

Input costs have increased significantly, impacting gross margins due to rising prices of underlying metals.
The EBITDA margin contracted slightly to 12.8% in Q2 FY26, attributed to product mix changes and higher prices of raw materials.
There is a delay in the ramp-up of a significant export order by two quarters, affecting short-term revenue expectations.
The company faces challenges in quantifying one-off expenses related to M&A and business development, which have impacted profitability.
Despite a 2.5% increase in market share for control arms, the growth is not fully reflected in the financial results due to timing of new business wins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHAD.NS - Sharda Motor Industries Ltd
Q2 2026 Sharda Motor Industries Ltd Earnings Call
Nov 12, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Shaha Motor Industries Limited, Q2 F 526.

Conference call hosted by Equally Securities Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference has been recorded. I now hand the conference over to Mr. Mihir Wara.

Thank you and over to you, sir.

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Unidentified_2 [2]
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