Sharda Motor Industries Ltd
Sharda Motor Industries Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY26 revenue grew 20% YoY to INR 3,396.8 crores; Q4 FY26 revenue grew 30% YoY to INR 971.8 crores. Revenue growth drivers include strong ramp-up of lightweighting suspension orders, CV adjacency impact, and export orders, notably from North American engine manufacturers.
From Sharda Motor Industries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY26 revenue grew 20% YoY to INR 3,396.8 crores; Q4 FY26 revenue grew 30% YoY to INR 971.8 crores.
- Growth driven by broad-based demand across passenger vehicles (PV), commercial vehicles (CV), off-highway, and exports.
- Lightweighting vertical expected to triple by FY28 compared to FY25 levels, becoming a major growth engine (currently ~10% of gross sales).
- Exports, especially CV emission components, agri genset exhaust systems, expected to scale with new orders and SOPs in FY27/FY28.
- Emission business margins and volumes to improve with continued order ramp-up and capacity augmentation.
- Capex guided at INR 90-110 crores for FY27 focusing on R&D, scaling lightweighting and powertrain agnostic components.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Sharda Motor Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY27 capex guidance is around INR 90 crores to INR 110 crores.
- Increased capex planned to augment R&D capabilities in lightweighting and readiness for new emission norms.
- Additional investments planned for new facilities to expand footprint as per customer needs, over and above yearly capex range.
- Further capex for growing lightweighting and powertrain agnostic component business linked to customer schedules and order visibility.
- Emission capacity augmentation requires limited, straightforward, and not very sizable capex.
- Overall, Sharda remains disciplined with capex, linked to strategic fit, customer and technology relevance, with flexibility due to a strong balance sheet.
2 more points management made on capital expenditure plans
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 Sharda Motor Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- FY27 and FY28 orders indicate a nearly 3x increase in lightweighting vertical revenue compared to FY25 levels.
- The company has sizable export orders, including new contracts with the largest CV engine maker globally, top 3 agri tractor company, and two additional customers.
- SOPs (Start of Production) for new orders are ongoing or planned primarily in FY26 and FY27, with some orders ramping up gradually as per customer schedules.
- Emission component export orders do not contain catalyst elements currently.
2 more points management made on order book & pipeline
Sharda Motor Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹972 Cr, net profit ₹87 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sharda Motor's management said in earlier quarters
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Frequently Asked Questions
What were Sharda Motor Industries Ltd Q4 FY26 results?
FY26 revenue grew 20% YoY to INR 3,396.8 crores; Q4 FY26 revenue grew 30% YoY to INR 971.8 crores. Revenue growth drivers include strong ramp-up of lightweighting suspension orders, CV adjacency impact, and export orders, notably from North American engine manufacturers.
What is Sharda Motor Industries Ltd share price analysis?
Sharda Motor Industries Ltd currently shows a neutral. The stock trades at a P/E of 15.6 with a market cap of ₹5,174 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sharda Motor Industries Ltd planning capital expenditure?
FY27 capex guidance is around INR 90 crores to INR 110 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.