Q4 2026 Sharda Motor Industries Ltd Earnings Call Transcript
Key Points
- Sharda Motor Industries Ltd (BOM:535602) reported a 30% year-over-year growth in revenues for Q4 FY26, reaching INR971.8 crores.
- The company's gross profit for Q4 FY26 increased by 13% year-over-year, outperforming industry trends.
- Sharda Motor Industries Ltd has secured strategic export orders, including a significant entry into the global agricultural equipment segment with a leading OEM.
- The lightweighting vertical has shown promising growth, with market share increasing to approximately 14% and expected to rise further.
- The company is actively pursuing opportunities in emission systems and adjacencies, with successful SOP of temperature-controlled tubes for a major off-highway manufacturer in India.
- The geopolitical environment, particularly the West Asia conflict, poses risks such as crude oil price volatility and disruptions to shipping routes.
- Despite growth in lightweighting, the overall percentage of revenue from this segment remained at 9% due to increased catalyst prices affecting the top line.
- There have been delays in the SOP for a North American engine manufacturer, impacting the timeline for revenue realization.
- The company faces challenges in entering the market of a major PV manufacturer due to established supplier ecosystems and partnerships.
- Export orders, while promising, require higher working capital and may not immediately reflect the projected annual values due to customer schedule dependencies.
Ladies and gentlemen, good day, and welcome to the Q4 FY26 Sharda Motors Limited Post Results Conference Call hosted by Equirus Securities. (Operator Instructions)
I now hand the conference over to Mr. Mihir Vora from Equirus Securities. Thank you, and over to you.
Thank you, Steve. Welcome, everyone, to the Q4 FY26 post-results conference call of Sharda Motors Limited. From the management team, we have Mr. Aashim Relan, Group CEO; Mr. Ashwani Maheshwari, Deputy Managing Director; and Mr. G.D. Takkar, Group CFO.
So without further ado, I now hand over the call to the management for the opening remarks. Over to you, sir.
Thank you very much, Mihir. Thanks a lot. My name is G.D. Takkar, and I thank everyone for joining the call today. I extend a warm welcome to all the participants on today's call.
As Mihir just mentioned, I am joined by our Group CEO, Mr. Aashim Relan; Deputy
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
