Sandhar technologies Limited has announced a board meeting scheduled for February 11, 2026, to review and approve its quarterly financial performance. The meeting will focus on considering the unaudited financial results for the third quarter of fiscal year 2026.

Board Meeting Details

The company has formally notified stock exchanges about the upcoming board meeting through a regulatory filing dated January 28, 2026. The meeting agenda includes specific consideration of financial results for the quarter ended December 31, 2025.

Regulatory Compliance

The board meeting notification has been issued pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered. The company has addressed the communication to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with dual listing requirements.

Trading Window Restrictions

Sandhar Technologies Limited has implemented trading window restrictions in accordance with insider trading regulations. The trading window for dealing in company securities remains closed for all designated persons and connected individuals from January 1, 2026, continuing until 48 hours after the financial results are made public.

Information Dissemination

The company has confirmed that the financial results and related information will be hosted on its official website at www.sandhargroup.com following the board meeting. This ensures transparent communication with stakeholders and compliance with disclosure requirements. The notification has been signed by Yashpal Jain, Chief Financial Officer and Company Secretary, maintaining proper authorization protocols for regulatory communications.

Sandhar Technologies Limited , a leading auto component manufacturer, reported a robust 29% year-on-year growth in consolidated revenue for Q2, reaching INR 1,153.00 crores. The company's performance was driven by strong growth in its India business, which saw a 33% increase in revenue. However, EBITDA margins faced some pressure due to costs associated with new projects.

Financial Highlights

Note: The EBITDA margin would have been 10.44% without the impact of new projects.

Key Takeaways

1. New Project Costs: The company incurred INR 11.21 crores in costs related to new projects, including the acquisition of Sundaram-Clayton's unit and new facilities in Pune and South India.

2. Overseas Business: While the overseas business saw a modest 2% growth in revenue, operational improvements led to reduced losses compared to the previous quarter.

3. Joint Ventures: All five joint ventures are now PAT positive, with a combined revenue growth of 68.57% (calculated on a 50% partnership basis).

4. EV Components: The company has started commercial invoicing of battery chargers and motor controllers, generating INR 6.94 crores in revenue in H1.

5. Smart Locks: Production of smart locks has commenced, with expectations of smoother operations and daily supply in the coming quarters.

Segment Performance

• Aluminum Die Casting (ADC): The ADC business, including Sundaram-Clayton, contributed significantly to growth, with a revenue of INR 198.00 crores in H1.
• Vision Systems: This segment saw substantial growth, nearly doubling its revenues year-on-year.
• Cabins and Fabrication: The business showed signs of recovery after being affected by emission norm changes in the construction equipment industry.

Outlook and Strategy

Mr. Jayant Davar, Chairman, Managing Director, and CEO, expressed optimism about the company's future performance:

"We expect a strong third quarter, and as always, a very strong quarter 4. The auto industry seems to be on a good trend right now, with our order books being extremely strong due to the elongated festive season."

The company aims to achieve:

• Double-digit EBITDA margins by March 2026
• 11% EBITDA margin by FY27
• 18% pre-tax Return on Capital Employed (ROCE) in the medium term

To achieve these targets, Sandhar Technologies is focusing on:

1. Improving operational efficiency in overseas businesses
2. Expanding its customer base
3. Financial re-engineering to optimize borrowing costs

Capex and Debt

The company plans a capex of around INR 300.00 crores for the current fiscal year, including investments in the Sundaram-Clayton business. The current debt stands at INR 858.00 crores as of September, with expectations to remain between INR 850.00-900.00 crores due to working capital requirements.

As Sandhar Technologies continues to navigate the evolving auto component landscape, its focus on new technologies, operational efficiencies, and strategic expansions positions it well for future growth. Investors will be watching closely to see if the company can achieve its ambitious margin and ROCE targets in the coming years.