Sandhar Technologies (SANDHAR) Q4 25/26 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹4,852 Cr in FY 2025-26, up 25% year-over-year, with EBITDA up 28% and PAT up 40%.

• Audited standalone and consolidated results for FY 2025-26 were approved, with unmodified auditor opinions.

• India operations outperformed, contributing 81.7% of revenue and leading growth, while overseas business saw a Q4 EBITDA margin turnaround.

• Final dividend of ₹4 per share (40% of face value) recommended for FY 2025-26, subject to approval.

• The company is exploring growth in vehicle telematics and advanced automotive technologies, with in-house R&D and collaborations.

Financial highlights

• Q4 FY 2026 consolidated revenue up 29% YoY; EBITDA up 33% with 11% margin; PAT up 42%.

• Earnings per share (consolidated) for FY 2025-26 was ₹33.00, up from ₹23.53 last year.

• Notable one-time gains: ₹34.01 Cr from land sale, ₹13.76 Cr from JV investment sale, and asset sales at Peenya plant.

• Net debt at ₹897 Cr; gross debt at ₹948 Cr; net debt-equity ratio at 0.67.

• Net cash from operations at ₹209.91 Cr; consolidated net cash generated from operating activities at ₹24,696.95 lacs.

Outlook and guidance

• Guidance for over 15% revenue growth in FY 2027, with new projects in ADC, CFD, and EV verticals expected to turn around in FY 27-28.

• Target to double revenues every three to four years, with consistent margin and ROCE improvements.

• Board is actively seeking growth in vehicle telematics and advanced electronics.