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Sharda Motor Industries Limited Q3 FY26 earnings call summary

NSE: SHARDAMOTR · BSE: 535602

Earnings call of 9 Feb 2026, summarised by AI from the filing.

Sharda Motor Q3 FY26 revenue ₹881.6 cr, up 28% Y-o-Y; EBITDA ₹106.4 cr, margin 12.1%; management expects to beat industry growth as new vertical orders go into SOP.

Key takeaways

  1. Guidance Management expects to beat industry growth as new vertical orders go into SOP; suspension to grow significantly in FY27 and FY28.
  2. Growth driver Lightweighting and export verticals with multiple order wins; SOPs scheduled from Q3 FY27 onwards.
  3. Risk TREM5 implementation delayed or changed; no official notification; no capex initiated for TREM5.

Original filing on BSE

Sharda Motor Industries Limited Q1 FY27 results

As filed: Revenue ₹1,011 cr (+34% year on year), EBITDA ₹103 cr (+4% year on year), PAT ₹86.5 cr (−13% year on year), EBITDA margin 10.2% (−288 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹972 cr (+30% year on year), EBITDA ₹113 cr (+12% year on year), PAT ₹89.4 cr (+6% year on year), EBITDA margin 11.6% (−185 bps). Score 59 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin fell 185 bps year on year. Share price after the results: −8.9% in 29 days (Nifty 500: +2.4%).
  • Q3 FY26: Revenue ₹882 cr (+28% year on year), EBITDA ₹106 cr (+12% year on year), PAT ₹81.4 cr (+8% year on year), EBITDA margin 12.1% (−170 bps). Score 68 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin fell 170 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −5.6% in 28 days (Nifty 500: −4.1%).
  • Q2 FY26: Revenue ₹787 cr (+11% year on year), EBITDA ₹102 cr (−3% year on year), PAT ₹75.0 cr (−5% year on year), EBITDA margin 13.0% (−181 bps). Score 44 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 181 bps year on year. Profit fell 25% from last quarter. Share price after the results: −18.0% in 30 days (Nifty 500: −0.6%).
  • Q1 FY26: Revenue ₹756 cr (+10% year on year), EBITDA ₹99.0 cr (+4% year on year), PAT ₹100 cr (+5% year on year), EBITDA margin 13.1% (−77 bps). Score 50 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit before exceptional items growth were below it. EBITDA margin fell 77 bps year on year. Share price after the results: +1.5% in 28 days (Nifty 500: +1.7%).
  • Q4 FY25: Revenue ₹750 cr (+7% year on year), EBITDA ₹101 cr (+2% year on year), PAT ₹84.0 cr (−5% year on year), EBITDA margin 13.5% (−62 bps). Score 43 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 62 bps year on year. Share price after the results: −5.5% in 30 days (Nifty 500: +1.0%).
  • Q3 FY25: Revenue ₹690 cr (0% year on year), EBITDA ₹95.0 cr (0% year on year), PAT ₹75.0 cr (−1% year on year), EBITDA margin 13.8% (−2 bps). Score 28 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well below it. EBITDA margin was flat year on year. Profit fell 5% from last quarter.
  • Q2 FY25: Revenue ₹711 cr (−7% year on year), EBITDA ₹105 cr (+5% year on year), PAT ₹79.0 cr (−1% year on year), EBITDA margin 14.8% (+166 bps). Score 35 of 100, Below trend. EBITDA margin rose 166 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Sharda Motor Industries Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.