Sandhar Technologies Q1 Results: Net Profit Rises YoY Despite QoQ Decline
Sandhar Technologies posted Q1FY27 consolidated net profit of ₹37.28 crore, down 41.60% QoQ but up YoY from ₹280M to ₹373M. Revenue grew YoY to ₹14B from ₹11B, while EBITDA improved to ₹1.06B with margin expanding to 7.65% from 7.56%. The Board declared a final dividend of ₹4.00 per share and appointed a new Independent Director.

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Sandhar Technologies reported a consolidated net profit of ₹37.28 crore for the quarter ended June 30, 2026 (Q1FY27), reflecting a 41.60% decline from ₹63.82 crore in the preceding quarter (Q4FY26). On a year-on-year basis, however, consolidated net profit improved to ₹373M from ₹280M in the same quarter of the prior year. Revenue from operations rose 5.70% quarter-on-quarter to ₹1,381.89 crore, up from ₹1,306.99 crore, and grew to ₹14B compared to ₹11B in the year-ago period. Standalone net profit fell 34% to ₹30.61 crore from ₹46.37 crore, while standalone revenue declined 14% to ₹665.96 crore.
The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI Listing Regulations. Statutory Auditors B S R & Co. LLP issued an unmodified limited review report. The company also fixed September 11, 2026, as the record date for the final dividend of ₹4.00 per equity share (40%), subject to shareholder approval at the 34th Annual General Meeting scheduled for September 22, 2026.
Financial Performance Highlights
Consolidated profit before tax stood at ₹51.14 crore, down from ₹79.01 crore in Q4FY26. Tax expenses were ₹13.86 crore, compared to ₹15.19 crore in the prior quarter. Earnings per share (basic and diluted) were ₹6.19, compared to ₹10.60 in the previous quarter. EBITDA for the quarter improved year-on-year to ₹1.06B from ₹824M, with EBITDA margin expanding to 7.65% from 7.56% in the year-ago period.
The following table summarises the consolidated quarterly performance:
| Particulars: | Q1FY27 | Q4FY26 | Change (QoQ) |
|---|---|---|---|
| Revenue from Operations: | ₹1,381.89 cr | ₹1,306.99 cr | +5.70% |
| Profit Before Tax: | ₹51.14 cr | ₹79.01 cr | -35.30% |
| Net Profit After Tax: | ₹37.28 cr | ₹63.82 cr | -41.60% |
| EPS (Basic/Diluted): | ₹6.19 | ₹10.60 | -41.60% |
The year-on-year performance is captured below:
| Particulars: | Q1FY27 | Q1FY26 | Change (YoY) |
|---|---|---|---|
| Consolidated Net Profit: | ₹373M | ₹280M | Positive |
| Consolidated Revenue: | ₹14B | ₹11B | Positive |
| EBITDA: | ₹1.06B | ₹824M | Positive |
| EBITDA Margin: | 7.65% | 7.56% | +9 bps |
Standalone revenue was ₹665.96 crore, down from ₹774.25 crore. Standalone profit before tax decreased to ₹41.89 crore from ₹57.31 crore. Standalone tax expenses were ₹11.28 crore, leading to a net profit of ₹30.61 crore and an EPS of ₹5.09.
Segment and Operational Details
India operations contributed ₹1,253.12 crore to consolidated revenue, with segment results of ₹65.69 crore. Overseas revenue rose to ₹128.77 crore from ₹121.58 crore, with segment results improving to ₹3.12 crore from a loss of ₹5.34 crore in the prior year's same quarter. Total assets reached ₹3,747.02 crore, while total liabilities stood at ₹2,377.32 crore.
The company recognized no exceptional items in the current quarter. Note disclosures highlight that during FY26, the group completed the sale of Peenya plant assets for ₹61 crore, recognizing a gain of ₹34.01 crore. Additionally, a one-time expense of ₹2.78 crore was recorded in FY26 due to new Labour Codes impacting gratuity and compensated absences liabilities.
Corporate Actions
The Board appointed Smt. Gazal Kalra as an Additional Director and designated her as a Non-Executive Independent Director effective August 11, 2026. Her appointment for a five-year term is subject to shareholder approval at the upcoming AGM. M/s. Satija & Co. was re-appointed as Cost Auditor for FY27. M/s. K.K. Sachdeva & Associates was appointed as scrutinizer for the AGM e-voting process.
Historical Stock Returns for Sandhar Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.92% | -4.01% | -7.52% | +10.38% | +47.98% | +132.46% |
How will the significant quarter-on-quarter decline in consolidated net profit impact Sandhar Technologies' valuation multiples and investor sentiment in the near term?
What specific strategies is management implementing to sustain the year-on-year revenue growth trajectory despite the recent sequential slowdown?
Will the turnaround in overseas segment profitability from a loss to a gain indicate a sustainable expansion strategy for international markets?


































