Sharda Motor Industries Limited (535602) Earnings Call Transcripts

Sharda Motor Industries Limited's Latest Earnings Call - Q4 FY2026

Sharda Motor Industries Limited reported its Q4 FY '26 earnings, showing a significant revenue increase of 30% YoY to INR 971.8 crores, driven by strong performance in the Indian automobile industry. The company's EBITDA grew by 12% YoY to INR 112.9 crores, with margins at 11.6%. For the full fiscal year, revenue reached INR 3,396.8 crores, up 20% YoY. Management maintained a positive outlook for FY '27, citing strong domestic momentum and export opportunities, despite geopolitical risks. Guidance was not explicitly changed, but management highlighted growth drivers such as lightweighting and export expansion.

Reported metrics

Guidance from management

Management did not explicitly change guidance but highlighted growth drivers such as lightweighting and export expansion. They expect continued growth in FY '27, supported by strong domestic demand and new export orders.

What management said

So our CV emissions contribution is 44% for this financial year and PV emissions contribution is 43% of highway gensets and exports together currently contribute 1% because these are growing. Suspension contributes 9%, 2% from supply chain vertical and 1% from miscellaneous. So this is the breakup of overall revenues of financial year FY '26.

So revenue, our strategy is around diversification of powertrain products and geography. So lightweighting vertical, as we explained, because of the orders booked in FY '27, '28 will continue to grow extremely well. In exports, we have booked -- despite all the geopolitical tensions and tariffs, we have added largest CV Indian maker in the world. We've added on the top -- one of the top 3 largest are tractor company ...

What analysts pressed on

Analysts expressed concerns about the company's ability to maintain growth in line with the industry, given the underperformance in certain segments. Questions were raised about the impact of geopolitical risks and the potential for market share loss in emissions.

Main topics on the call

• Revenue Growth — The company reported a 30% YoY increase in Q4 revenue to INR 971.8 crores, driven by robust demand in the Indian automobile sector. Management noted, 'Gross profit remains the better indicator of underlying operating per...
• Lightweighting Vertical — The lightweighting vertical, a key growth pillar, increased its market share to approximately 14% and is expected to grow further. Management stated, 'This vertical already comprises of approximately 10% of our gross sal...
• Export Expansion — Sharda Motor secured new export orders, including a USD 2 million annual order from a global agriculture equipment OEM. Management highlighted the strategic importance of these orders, stating, 'Exports remain a strategi...
• Geopolitical Risks — Management expressed concerns over geopolitical risks, including 'uncertainties stemming from the West Asia conflict,' which could impact crude oil prices and supply chains.

Read the full Sharda Motor Industries Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 Sharda Motor Industries Limited earnings call transcripts on record, spanning February 3, 2023 to August 11, 2026. Based on this history, Sharda Motor Industries Limited reports semi-annually. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

535602

Exchange

BSE

Country

IN

Sector

Consumer Discretionary

Industry

Automobile Components

Calls on record

11

First call

February 3, 2023

Most recent

August 11, 2026

Reporting cadence

semi-annually