ALFA Finder
The call ran from 3:01 PM to 3:58 PM IST (57 min).
Key takeaways
Headline revenue +54% and PAT ₹99.4 Cr, but gross profit grew only 20% against 27% value-added sales growth. Management withheld value-added and catalyst pass-through numbers and flagged Q3 moderation on a high base.
| Revenue growth | Q2 revenue ₹1,211.2 Cr, +54% YoY; H1 ₹2,222.3 Cr, +44%. |
|---|---|
| Margins | Q2 EBITDA margin 10.4%; H1 10.3%; peer comparison not given. |
| Order book | H1 strategic orders US$61.5M lifetime value; no total order book given. |
| Demand visibility | Industry demand healthy; Q3 FY27 growth may moderate on high base. |
| Management confidence | Balanced; 'measured outlook' with Q3 moderation caveat. |
Growth
Q2 EBITDA ₹125.7 Cr, +24%, 10.4% margin; revenue +54% outpaced EBITDA on new-programme startup costs.
Outlook
SOPs: North American genset Q3 FY27; premium 2W Q1 FY28; control arm Q4 FY28. No revenue or margin guidance.
Risks
Q3 growth may moderate on high base; non-indexed commodity costs; US tariff and trade uncertainty.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Sharda Motor Industries Q2 FY27 Results: Net Profit ₹99.4 Cr, Up 33.1% YoY
Sharda Motor Industries Ltd reported revenue from operations of ₹1,211 Cr (+53.9% YoY) and net profit of ₹99.4 Cr (+33.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹99.4 Cr · +33.1% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Strong order book visibility with $58.5M lifetime value export orders ramping through FY27.
Growth they described
Topline growth driven by utility vehicles and LCV segments, offset by RM procurement premiums.
Call details
| Company | Sharda Motor Industries Limited |
|---|---|
| NSE symbol | SHARDAMOTR |
| ISIN | INE597I01028 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 3:00 PM IST |
| Length | 57 min |
| Audio | Our stream on YouTube ↗ |
Sharda Motor Industries Limited: key numbers
- Share price
- ₹964.75
- Market cap
- ₹5,538 Cr
- Revenue (annual)
- ₹3,397 Cr
- Net profit (annual)
- ₹345.4 Cr
- P/E (TTM)
- 15.5×Sector 33.1×
- Promoter holding
- 64.31%+0.00% QoQ
- FII holding
- 1.53%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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