Sandhar Technologies has accepted the resignation of Shri Vikas Puri from the position of Key Managerial Personnel (KMP), effective from the close of business hours on June 17, 2026. The executive resigned due to personal reasons, as communicated via his resignation letter dated June 17, 2026. Despite stepping down from the KMP role, Mr. Puri will continue to serve as an employee of the company in a non-KMP capacity until the close of business hours on August 14, 2026. The company acknowledged his valuable contributions during his tenure and wished him success for the future.

Leadership Transition Details

The transition involves specific changes to Mr. Puri's status within the organization, ensuring a defined period for handover and continuity.

The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This information is also available on the company's website as per Regulation 46(2) of the Listing Regulations. Yashpal Jain, Chief Financial Officer & Company Secretary, confirmed the filing on June 17, 2026.

Sandhar Technologies reported a 40% year-on-year increase in consolidated net profit to ₹199 crore for the financial year ended March 31, 2026. Consolidated revenue from operations for FY26 stood at ₹4,852 crore, representing a 25% growth compared to the previous year. The company’s EBITDA rose by 28% to ₹513 crore, with an EBITDA margin of 10.6%. For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹638.24 crore and revenue of ₹1,306.99 crore.

Operational Highlights

The Indian auto industry recorded growth across all segments in FY26, with domestic sales hitting a seven-year high. Sandhar’s India business grew revenue by 28% to ₹4,384 crore, outperforming the industry growth rate of 12.7%. In the two-wheeler segment, the company achieved a growth rate of 35.1% compared to the industry's 12.9%. Joint ventures registered revenue of ₹257 crore and an EBITDA of ₹28.25 crore. The company’s overseas subsidiaries, which had sustained an annual loss of €2.56 million (₹26.19 crore) at the EBT level, turned around in Q4 FY26 to achieve break-even at the EBT level with an EBITDA margin of 14.6%.

Future Guidance and Outlook

The company has provided a conservative revenue growth guidance of over 15% for FY27, excluding potential price increases due to rising input costs. Management expects to double revenues every three to four years with consistent improvements in margins. The Electric Vehicle (EV) business, which recorded a revenue of ₹20 crore in FY26 with the sale of 41,000 battery chargers and 5,500 motor control units, is expected to double its revenue in the current financial year. The company targets an improvement in EBITDA margins by at least 0.25% for existing projects and aims for a post-tax return on capital employed between 15% and 20%.

Financial Metrics

Strategic Initiatives

Sandhar Technologies is focusing on optimizing its overseas operations and expects the Romania subsidiary to reach break-even or profitability by FY28. The company is also working on new technologies in telematics and smart locks, with plans to present products to customers in the current financial year. Management indicated that new projects, including the Sundaram-Clayton Aluminum Business and facilities in Khed City and Pune, are expected to start generating positive EBT margins from Q2 or Q3 FY27.