Sansera Engineering (SANSERA) Q2 26/27 earnings summary

Executive summary

• Record Q2 FY27 revenue of INR 10,914.53 million, up 32% YoY; EBITDA rose 48% to INR 2,112 million and PAT rose 52% to INR 1,086.47 million.

• All three business segments posted record quarterly sales; Auto ICE was 65.7% of Q2 sales, Non-Auto 20.9%, and Auto-Tech Agnostic and XEV 13.4%.

• Board approved unaudited standalone and consolidated Q2 and H1 FY27 results; statutory auditors issued unmodified limited-review conclusions.

Financial highlights

• Q2 gross profit was INR 4,696 million, up 38% YoY; gross margin expanded to 43.0% from 41.2%.

• Q2 EBITDA margin was 19.4%; EBIT rose 56% to INR 1,627 million, with a 14.9% margin, while PAT margin was 10.0%.

• H1 revenue was INR 21,127.15 million, EBITDA INR 4,073 million and reported PAT INR 1,960.09 million, up 33%, 48% and 46%, respectively.

• H1 reported PAT includes a INR 169.33 million Q1 customer-litigation settlement charge; normalized PAT was INR 2,087 million.

• Standalone H1 revenue was INR 19,049.81 million and net profit INR 1,959.30 million.

Outlook and guidance

• FY27 revenue guidance is INR 4,250–4,300 crore; H2 outlook depends on post-festive industry demand and the war’s impact.

• FY27 ADS revenue guidance is INR 5,500–6,000 million; ADS backlog was INR 58,697 million at September 2026, executable over ~5 years.

• FY27 CapEx was raised to INR 8,000 million, with about INR 4,000 million allocated to ADS.

• ADS is targeted to reach 35%–40% of revenue toward decade-end; refreshed five-year targets are expected near FY-end.

• Management expects margins to remain steady, supported by efficiency gains, inventory reduction, exports and higher ADS contribution.