Sandhar Technologies Limited
Sandhar Technologies Limited Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Sandhar Technologies expects revenue and volume growth aligned with customer growth, targeting at least 15% growth in existing business. Sandhar Technologies targets at least 15% revenue growth in existing business plus INR 400 crores from Sundaram, aiming to meet this by FY 2025-26 end.
From Sandhar Technologies Limited's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Sandhar Technologies expects revenue and volume growth aligned with customer growth, targeting at least 15% growth in existing business.
- The Sundaram business adds approximately INR 400 crores annual revenue, supporting overall growth.
- Q2 showed good volume growth helped by seasonal factors and GST realignment; Q3 and Q4 expected to be strong, especially with new model launches.
- The company aims to maintain growth rates exceeding industry averages, with all four business verticals contributing.
- Vision Systems business doubled revenues recently, with continued growth expected in the second half and beyond.
- Cabin fabrication is showing signs of recovery after emission norm impacts, with new orders strengthening outlook for H2.
- Overseas business to stabilize operationally, with Q3 and Q4 margins expected to improve, supporting steady volumes despite market challenges.
Profitability & Margins
See what Sandhar Technologies Limited said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Planned capex for the current year is around INR 300 crores, including overseas projects and Sundaram investments.
- Majority of ongoing capex projects (Sundaram, die casting, cabins, and fabrication in Pune) are expected to complete by March.
- Future capex expected to be incremental and focused on new customer requirements with assured volumes and margins, typically in the INR 40-50 crores range per project.
- No major inorganic expansion or large-scale capex planned in the next 12 months.
- Normal capex of INR 150-200 crores per annum expected for growth, safety, environmental norms, and replacement of old manufacturing facilities.
- Focus on increasing base in core automotive businesses (Vision and Locking systems) with potential new technology partnerships.
- Joint ventures aimed at newer technologies, providing strategic growth without heavy capital outlay.
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Sandhar Technologies Limited said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The transcript does not provide explicit figures for the current or expected order book or pending orders of Sandhar Technologies Limited.
- However, it mentions positive signs of new orders and growth in some business segments:
- - Cabin and fabrication business sees green shoots of new orders in Q3 and Q4 after a subdued period.
- - Vision Systems business has new projects starting, including with HMSI, indicating an expanding customer base.
- - Overseas business is adding 4-5 new customers in the pipeline expected to materialize around Q4 FY26 / Q1 FY27.
- These developments suggest an improving order pipeline supporting revenue growth.
- Additional potential growth is linked to new projects in die casting and cabins planned to ramp up fully by April 2026.
Sandhar Technologies Limited — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.3K Cr, net profit ₹64 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sandhar Technologies Limited's management said in earlier quarters
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Frequently Asked Questions
What were Sandhar Technologies Limited Q2 FY26 results?
Sandhar Technologies expects revenue and volume growth aligned with customer growth, targeting at least 15% growth in existing business. Sandhar Technologies targets at least 15% revenue growth in existing business plus INR 400 crores from Sundaram, aiming to meet this by FY 2025-26 end.
What is Sandhar Technologies Limited share price analysis?
Sandhar Technologies Limited currently shows a neutral. The stock trades at a P/E of 18.4 with a market cap of ₹3,851 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sandhar Technologies Limited planning capital expenditure?
Planned capex for the current year is around INR 300 crores, including overseas projects and Sundaram investments.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.