Sandhar Technologies has implemented a strategic realignment of its leadership structure within its Automotive Business Group, effective June 13, 2026. The company announced that Mr. Vikas Puri has stepped down from his responsibilities as Chief Operating Officer – Automotive Business and Head of the Automotive Business Group. Despite stepping down from these specific roles, Mr. Puri continues to serve as a Key Managerial Personnel (KMP) of the company. The management acknowledged his contributions to the growth and development of the Automotive Business Group.

Following this transition, Mr. Som Prakash Kamboj has been elevated to the position of Deputy Chief Operating Officer (Dy. COO) to head the Automotive Business Group on an interim basis. Mr. Kamboj, a seasoned leader with extensive industry and organizational experience, will be responsible for providing strategic direction and operational oversight. His appointment aims to ensure seamless business continuity and sustained growth for the division.

Leadership Changes

The organizational changes involve specific role adjustments for the executives involved:

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website as per Regulation 46(2) of the Listing Regulations.

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.