Sharda Motor reports strong Q1 revenue growth

Sharda Motor Industries reported consolidated revenues of INR756.2 crores for Q1 FY26. Gross profit reached INR189.5 crores, up 5% year-over-year, while EBITDA grew 3% to INR98.4 crores with a 13% margin.

Profit before tax was INR130.1 crores, including an exceptional gain of INR22.4 crores from a land parcel sale. Net profit rose to INR99.9 crores from INR76.8 crores in the prior year quarter.

The company added two new export customers - a Japanese construction equipment company and a heavy industry machinery company, with production expected to start in 12-18 months.