Synopsis:
Sandhar Technologies shares jumped 11% after Q2 results showed a 160% QoQ profit surge to ₹73 crore, driven by strong revenue growth of 16.5% QoQ and 29% YoY, highlighting robust operational performance.
This company and its joint ventures are primarily engaged in the manufacturing and assembling of automotive components for the automotive industry in India is now in the focus after its board reported Q2 results with 160% profit growth QoQ.
With market capitalization of Rs. 3,327 cr, the shares of Sandhar Technologies Limited are closed at Rs. 553 per share, increasing 11% in today’s market session making a high of Rs. 601, from its previous close of Rs. 541.15 per share. The stock has generated an 8% return over the past year, delivering a strong 40% gain in the last six months and a 4% rise in the past month.
Consolidating QoQ performance
Revenue from operations increased by 16.5% from Rs. 1,090 cr in Q1FY26 to Rs. 1,270 cr in Q2FY26. Total income rose by 18% to Rs. 1,307 from Rs. 1,109 cr. Net profit significantly increased by 160% from Rs. 28 cr to Rs. 73 cr over the same period. Profit from operations before exceptional items, share of profit in joint ventures and tax grew significantly from Rs. 34 cr to Rs. 94 cr.
Consolidating YOY performance
Revenue from operations increased by 29% from Rs. 984 cr in Q2FY25 to Rs. 1,270 cr in Q2FY26. Total income rose by 32% to Rs. 1,307 from Rs. 990 cr. Net profit significantly increased by 82.5% from Rs. 40 cr to Rs. 73 cr over the same period.
Product-Wise Revenue Profile
In Q2FY26, Sandhar’s product-wise revenue share is ADC Domestic at 21.9%, Locking Systems at 18.4%, Sheet Metal at 16.8%, Assemblies at 9.8%, Cabins & Fabrication at 11.1%, ADC Overseas at 9.3%, Others at 7.7%, and Vision Systems at 5.0%.
About the company
Sandhar Technologies Limited is a leading auto ancillary company in India engaged in the manufacturing of automotive components such as locksets, mirrors, sheet metal parts, plastic parts, and aluminum die-casting products. The company serves major two-wheeler, four-wheeler, and commercial vehicle OEMs, maintaining long-term partnerships with global brands.
The company has delivered strong profit growth of 19.7% CAGR over the past five years, with a healthy ROCE of 12.3% and ROE of 12.8%. It has also maintained a consistent dividend payout ratio of 17.8%, reflecting stable financial performance and shareholder returns.
Promoters shareholding stands at 70.38%. FII’s reduced their stake from 0.83% in Q1FY26 to 0.66% in Q2FY26. DII’s holding fell to 15.85% from 15.75%. Public shareholding increased from 13.05% to 13.11% over the same period.
Written by Manideep Appana
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