SANDHARSandhar Technologies Ltd.
Sandhar Technologies Q2 FY27 Results: Standalone Net Profit ₹38.89 Crore on Total Income of ₹799 Crore
- Earnings
- automotive components
Reviewed byKeshav SehgalBlacklitt Research
Sandhar Technologies (NSE: SANDHAR) reported standalone total income of ₹799.27 crore and net profit of ₹38.89 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. The consolidated statement is not in the page images, so this article covers standalone figures only.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹799.27 crore, down 6.1% YoY and up 17.8% QoQ
- Net profit and EPS: ₹38.89 crore, down 47.9% YoY; basic EPS ₹6.46
- Other income: ₹7.13 crore, down 84.5% YoY after a ₹34.01 crore gain in the year-earlier quarter
- Finance costs: ₹4.24 crore, 0.5% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 799.27 | 851.11 | -6.1% | 678.26 | +17.8% | |
| Revenue from operations | 792.14 | 805.03 | -1.6% | 665.96 | +18.9% |
| Other income | 7.13 | 46.08 | -84.5% | 12.30 | -42.0% |
| 38.89 | 74.58 | -47.9% | 30.61 | +27.0% | |
| Profit before tax | 52.99 | 94.70 | -44.0% | 41.89 | +26.5% |
| Finance costs | 4.24 | 5.58 | -24.0% | 4.81 | -11.9% |
| Depreciation | 17.66 | 20.27 | -12.9% | 17.06 | +3.5% |
| Tax expense | 14.10 | 20.12 | -29.9% | 11.28 | +25.0% |
| Net profit margin | 4.87% | 8.76% | -3.90 pp | 4.51% | +0.35 pp |
| EPS, basic (₹) | 6.46 | 12.39 | -47.9% | 5.09 | +26.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit fell faster than income. Total income dropped 6.1% year on year, but net profit dropped 47.9% and profit before tax dropped 44.0%. The gap is mostly other income: it was ₹46.08 crore a year earlier, which included the ₹34.01 crore gain on disposal of the Peenya plant assets, and it is ₹7.13 crore this quarter. The filing records that gain as completed in the quarter and six months ended 30 Sep 2025, but the text read does not give the reason for the fall in other income.
Revenue from operations fell only 1.6% year on year, from ₹805.03 crore to ₹792.14 crore. Other income is therefore a larger part of the change than operations. Against the previous quarter, revenue from operations rose 18.9% and net profit rose 27.0%, so profit grew a little faster than revenue in the sequential comparison.
Tax took a larger share of pre-tax profit this quarter. Tax expense of ₹14.10 crore is 26.6% of profit before tax of ₹52.99 crore, against ₹20.12 crore on ₹94.70 crore a year earlier. Other income of ₹7.13 crore is 13.5% of profit before tax, against ₹46.08 crore of other income a year earlier.
The consolidated statement of results is not in the page images; only the statutory auditor's limited review report on it is. That report states that the auditor did not review the interim financial information of five subsidiaries and three subsidiaries (one joint venture) included in the consolidated statement. This article does not report consolidated figures.
Inference
The filing says the Board approved the results on 5 Nov 2026 and that the statutory auditor, B S R & Co. LLP, issued an unmodified limited review report on the standalone results. No exceptional items are reported for the quarter ended 30 Sep 2026.
The Board recommended a final dividend of 40%, or ₹4.00 per equity share on face value of ₹10, on 21 May 2026, and shareholders approved it at the AGM on 22 Sep 2026. The filing gives no record date or payment date for that dividend in the text read.
The standalone balance sheet shows total assets of ₹2,130.47 crore and total equity of ₹1,356.41 crore at 30 Sep 2026. The filing does not say whether the ₹292.68 crore business transfer to subsidiaries was paid in cash or in shares, and does not give the reason for the fall in other income.
Filed with BSE on . Reference: Original filing (PDF)
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