Sansera Engineering (SANSERA) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly consolidated revenue of INR 9,077 million and EBITDA of INR 1,639 million (18.1% margin), with PAT at INR 694 million after a one-time labor code loss; strong growth in both auto and non-auto segments, especially international and ADS.

• India business grew 13.7% YoY, international business surged 59.9% YoY, and non-auto segment posted 127.9% YoY growth, led by ADS, which grew 4.4x YoY.

• Cumulative unexecuted ADS order backlog reached INR 38,678 million as of Dec-25, with overall order book at INR 24,124 million.

• Strategic initiatives included a new Pantnagar facility and a JV with Nichidai Corporation to expand into high-value, technology-agnostic automotive components.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 were approved, with statutory auditors issuing an unmodified review report.

Financial highlights

• Q3FY26 consolidated revenue rose 25% YoY to INR 9,077 million; EBITDA up 29% YoY to INR 1,639 million (18.1% margin); PAT at INR 694 million (7.6% margin), up 24% YoY.

• PAT excluding exceptional items at INR 857 million, up 53% YoY; exceptional items of INR 162 million recognized due to new Labour Codes.

• Nine-month FY26 consolidated revenue at INR 24,992 million, up 12% YoY; PAT at INR 2,038 million, up 29% YoY.

• Standalone revenue for Q3FY26 was INR 7,980.03 million; standalone net profit was INR 635.04 million.

• Standalone and consolidated EPS for Q3FY26 were Rs. 10.22 and Rs. 11.05, respectively, both up YoY.

Outlook and guidance

• FY26 ADS revenue guidance is INR 3,000–3,200 million; FY27 guidance is INR 5,000–6,000 million.

• Order book expected to reach peak annual revenue in the next three years, with ongoing efforts to add new orders across segments.

• Management expects positive impact from EU FTA and interim US-India trade agreement on exports and new opportunities.

• ICE segment expected to grow high single to low double digits domestically, and 20-25% in exports over next three years.

• The company continues to monitor the impact of the new Labour Codes and will evaluate further effects on employee benefit liabilities.