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08-Aug-2025

Sandhar Technologies

EBITDA Margin declined due to one-time expenses and losses from new projects yet to achieve scale


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Sandhar Technologies hosted a conference call on Aug 8, 2025. In the conference call, the company was represented by Mr. Jayant Davar: Chairman, Managing Director, and CEO and Mr. Yashpal Jain: CFO.

Key takeaways of the call

The India Business registered a growth of 22% YoY in Q1 FY26. The company expects this momentum to continue, subject to geopolitical conditions.

The company indicated that its overseas operations are facing challenges given subdued growth in Europe.

EBITDA margin declined in Q1 FY26 due to one-time expenses and losses in new projects that are yet to achieve volumes.

The company maintains its revenue guidance of 14-15% YoY growth in FY26.

The company’s major customer hero is facing a supply issue currently.

In Q1 FY26, 2-Wheelers contributed 65.8% to revenue, Passenger vehicles 14.7%, OHV 11.8%, CV 1....



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