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Earnings Call Transcript

Sharda Motor Industries Earnings Call Transcript: Key Takeaways

Revenue surged 34% YoY, but EBITDA growth lagged at 5% due to high RM costs and a supplier fire impact.

Highlights
Revenue growth34% YoY growth; consolidated revenue reached ₹1011.1 crore.
MarginsEBITDA margins slightly pressured at 10.2% due to RM premiums.
Order bookSignificant export orders totaling $58.5M lifetime value; SOPs pending.
Demand visibilityPositive across SUV, LCV, and infrastructure-led commercial vehicle segments.
Management confidenceBalanced; focused on disciplined execution and multi-powertrain diversification.

Growth

Topline growth driven by utility vehicles and LCV segments, offset by RM procurement premiums.

Outlook

Strong order book visibility with $58.5M lifetime value export orders ramping through FY27.

Risks

Raw material volatility, geopolitical risks, and client-specific supply chain disruptions threaten margins.

Last quarter's promises, checked

Delivered

  • Uttarakhand facility progress → On track as per plan (= BEAT)
  • Chakan 3 lightweighting plant → Commenced SOP (= BEAT)
  • R&D patent filings → Filed 2 more, total 22 (= BEAT)

Partly delivered

  • Revenue growth → 30% YoY delivered vs 34% in current summary (= PARTIAL)

Missed

  • North American engine SOP → Delayed from Q2 to Q3 FY27 (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: SHARDAMOTR. Summary written with AI assistance from the document.

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Sharda Motor Industries Ltd: key numbers

Share price
₹956.35
Market cap
₹5,490 Cr
Revenue (annual)
₹3,397 Cr
Net profit (annual)
₹345.4 Cr
P/E (TTM)
16.5×Sector 33.6×
Promoter holding
64.31%+0.00% QoQ
FII holding
1.73%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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