Sharda Motor Industries Limited has announced the outcome of its Board Meeting held on November 12, 2026. The Board approved the unaudited financial results for the second quarter and half-year ended September 30, 2026. Additionally, the company appointed Mr. P. Kaniappan as an Additional Director, category Non-Executive Independent Director, for a term of three years. The financial results are available on the company’s website and stock exchanges.
| Quarter ended | Period ended | Year ended | ||||||
| S. No. | Particulars | 30-09-2026 | 30-06-2026 | 30-09-2025 | 30-09-2026 | 31-03-2026 | ||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| 1. | Revenue | |||||||
| a. Revenue from operations | 1,21,122.45 | 1,01,106.68 | 78,720.92 | 2,22,229.13 | 1,54,345.73 | 3,39,677.10 | ||
| b. Other income | 2,163.05 | 2,705.74 | 1,833.20 | 4,868.79 | 4,130.34 | 8,598.79 | ||
| Total Income | 1,23,285.50 | 1,03,812.42 | 80,554.12 | 2,27,097.92 | 1,58,476.07 | 3,48,275.89 | ||
| 2. | Expenses | |||||||
| a. Cost of raw material consumed | 98,602.75 | 78,916.69 | 58,257.48 | 1,77,519.44 | 1,13,451.12 | 2,54,278.80 | ||
| b. Purchases of stock in trade | 1,849.69 | 1,709.65 | 1,534.12 | 3,559.34 | 2,919.37 | 6,163.96 | ||
| c. Changes in inventories of finished goods, work-in-progress and stock in trade | (2,635.69) | 86.09 | (555.69) | (2,549.60) | (463.22) | (1,044.61) | ||
| d. Employees benefits expense | 4,038.19 | 4,223.71 | 3,900.22 | 8,261.90 | 7,955.87 | 15,996.67 | ||
| e. Finance cost | 132.06 | 123.44 | 108.92 | 255.50 | 217.88 | 433.15 | ||
| f. Depreciation and amortization expense | 1,658.62 | 1,481.77 | 1,565.40 | 3,140.39 | 2,915.26 | 6,345.64 | ||
| g. Other expenses | 6,695.23 | 5,845.21 | 5,483.45 | 12,540.44 | 10,538.54 | 22,405.95 | ||
| Total expenses | 1,10,340.85 | 92,386.56 | 70,293.90 | 2,02,727.41 | 1,37,534.82 | 3,04,579.56 | ||
| 3. | Profit from operations before exceptional items & tax (1-2) | 12,944.65 | 11,425.86 | 10,260.22 | 24,370.51 | 20,941.25 | 43,696.33 | |
| 4. | Exceptional items | 2,240.92 | 1,815.22 | |||||
| 5. | Profit/(loss) before tax (3+4) | 12,944.65 | 11,425.86 | 10,260.22 | 24,370.51 | 23,182.17 | 45,511.55 | |
| 6. | Tax expense | |||||||
| a. Current tax | 3,173.88 | 2,812.98 | 2,539.21 | 5,986.86 | 5,214.66 | 10,829.90 | ||
| b. Deferred tax | 6.50 | 34.47 | 181.74 | 40.97 | 517.99 | 526.63 | ||
| Total tax expenses | 3,180.38 | 2,847.45 | 2,720.95 | 6,027.83 | 5,732.65 | 11,356.53 | ||
| 7. | Profit for the period/year (5-6) | 9,764.27 | 8,578.41 | 7,539.27 | 18,342.68 | 17,449.52 | 34,155.02 | |
| 8. | Other comprehensive income/(loss) | |||||||
| (i) Items that will not be reclassified to profit or loss | (28.47) | (28.48) | (14.44) | (56.95) | (26.48) | (113.90) | ||
| (ii) Tax(benefit)/expense on items that will not be reclassified to profit or loss | 7.16 | 7.17 | 3.63 | 14.33 | 6.66 | 28.67 | ||
| Total other comprehensive income/(loss) | (21.31) | (21.31) | (10.81) | (42.62) | (19.82) | (85.23) | ||
| 9. | Total comprehensive income/(loss) for the period/year (7+8) | 9,742.96 | 8,557.10 | 7,528.46 | 18,300.06 | 17,429.70 | 34,069.79 | |
| 10. | Paid-up equity share capital (face value of ₹ 2 each) | 1,148.16 | 1,148.16 | 1,148.16 | 1,148.16 | 1,148.16 | 1,148.16 | |
| 11. | Other equity excluding revaluation reserve | 1,31,449.22 | ||||||
| 12. | Earnings Per Share (of ₹ 2 each) | |||||||
| a) Basic | 17.01 | 14.94 | 13.13 | 31.95 | 30.40 | 59.50 | ||
| b) Diluted | 17.01 | 14.94 | 13.13 | 31.95 | 30.40 | 59.50 | ||
Financial Highlights for Q2 FY27
Sharda Motor Industries Limited reported its unaudited financial results for the second quarter and half-year ended September 30, 2026. For the quarter, the company registered a total income of ₹1,23,285.50 lakh and total expenses of ₹1,10,340.85 lakh, leading to a profit from operations before exceptional items and tax of ₹12,944.65 lakh. The profit after tax for the quarter stood at ₹9,764.27 lakh. For the half-year, total income was ₹2,27,097.92 lakh, with profit after tax amounting to ₹18,342.68 lakh.
Appointment of Additional Director
In addition to the financial results, the Board of Directors approved the appointment of Mr. P. Kaniappan (DIN: 02696192) as an Additional Director in the category of Non-Executive Independent Director. This appointment is for a term of three consecutive years, commencing from November 12, 2026, and ending on November 11, 2029, subject to shareholder approval. Mr. Kaniappan brings extensive experience in the automotive industry.
Availability of Information
The detailed standalone and consolidated unaudited financial results, along with the Limited Review Report, are enclosed as Annexure “A”. Further details pertaining to the appointment of Mr. Kaniappan are provided in Annexure “B”. The information is also accessible on the company’s website, www.shardamotor.com.
Auditor’s Report Summary
The Independent Auditor’s Review Report on Unaudited Quarterly and Year to Date Standalone Financial Results, issued by S.R. Dinodia & Co. LLP, confirms that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement contains any material misstatement. A similar unmodified review opinion was provided for the consolidated financial results.
Source: BSE
