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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sharda Motor Industries
Sharda Motor Industries (535602) investor relations material
Sharda Motor Industries Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary13 Nov, 2026
Executive summary
Q2 and H1 FY27 unaudited standalone and consolidated results approved; auditors issued unmodified review conclusions.
Consolidated Q2 FY27 revenue was ₹1,21,122.45 lakh, EBITDA ₹125.7 crore and net profit ₹9,944.40 lakh.
P. Kaniappan appointed Additional Non-Executive Independent Director from Nov. 12, 2026, for three years, subject to shareholder approval.
Operations span emission systems, lightweighting, global business and supply chain management, supported by 9 manufacturing facilities and 120+ R&D personnel.
Financial highlights
Consolidated Q2 revenue was ₹1,21,122.45 lakh versus ₹78,720.92 lakh; H1 revenue was ₹2,22,229.13 lakh versus ₹1,77,519.44 lakh, up 54% and 44% YoY, respectively.
Q2 EBITDA was ₹125.7 crore, up 24% YoY; H1 EBITDA was ₹229.0 crore, up 15% YoY.
Consolidated Q2 net profit was ₹9,944.40 lakh versus ₹7,469.45 lakh; H1 net profit was ₹18,597.20 lakh versus ₹17,463.40 lakh. Standalone Q2 and H1 net profit was ₹9,764.27 lakh and ₹18,342.68 lakh, respectively.
Q2 consolidated EPS was ₹17.32 versus ₹13.01; H1 EPS was ₹32.39 versus ₹30.42. Standalone EPS was ₹17.01 for Q2 and ₹31.95 for H1.
Q2 gross margin was 19.2%, EBITDA margin 10.4% and EBIT margin 10.8%, versus 24.8%, 12.8% and 13.2%, respectively, in Q2 FY26.
Outlook and guidance
Lightweighting targets increasing content per vehicle to ₹6,000–₹18,000 from ₹2,000–₹8,000, including subframes and torsion beams.
Growth priorities include scaling lightweighting, exports to Europe and the US, domestic adjacencies, and powertrain-agnostic acquisitions or alliances.
BS7 may increase content per engine, subject to final regulations and OEM requirements; opportunities also span CV, tractor and genset emissions.
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Latest events from Sharda Motor Industries
- Q1 FY25 profit rose sharply as emission norms and growth initiatives support expansion.535602
Q1 24/25 - Higher Q2 margins and a first U.S. export award support growth amid softer revenue.535602Q2 24/25
- Nine-month profit growth and new lightweighting and export wins underpin expansion plans.535602Q3 24/25
- FY25 gross profit rose 11% as lightweighting and export programs supported FY26 growth plans.535602Q4 24/25
- Revenue rose 34% as lightweighting and export expansion lead growth priorities.535602Q1 26/27
- Revenue rose 10%; a land-sale gain lifted reported PAT growth to 30%.535602Q1 25/26
- Revenue grew 11%, while margin pressure met expansion in lightweighting and exports.535602Q2 25/26
- Q3 revenue grew 28% as new lightweighting, suspension and export programs build growth.535602Q3 25/26
- FY26 growth, lightweighting and export plans accompany a recommended ₹20/share dividend.535602Q4 25/26
Next Sharda Motor Industries earnings date
Q3 26/278 Feb, 2027
Sharda Motor Industries
Next Sharda Motor Industries earnings date
Q3 26/278 Feb, 2027
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