Sansera Engineering manufactures high-precision components for automotive (ICE, EV and tech-agnostic parts) and non-automotive end-sectors — Aerospace, Defence and Semiconductor equipment (ADS) — across 18 plants serving 100+ clients in 27 countries. The Q2 FY 2026-2027 print will speak to the ADS ramp against the INR 5,500-6,000 Mn FY27 revenue target and whether the EBITDA margin path holds near 19% amid elevated aluminium costs and pass-throughs still pending.
| Results date | November 05, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 1,021.26 Cr (INR 10,213 Mn), +33% YoY |
| Previous quarter PAT | Rs. 87.40 Cr (INR 874 Mn), +39% YoY |
| Previous quarter EBITDA margin | 19.2% (vs 17.2% YoY); management-cited adjusted margin 20.4% |
| Market cap | Rs. 26,372.75 Cr |
| CMP | Rs. 4,225.2 |
The board will meet on November 05, 2026 to approve the unaudited Q2/H1 FY 2026-2027 results for the period ended September 30, 2026. The trading window remained closed from October 1, 2026 until 48 hours after the disclosure.
The Q2/H1 FY27 earnings call is scheduled for November 06, 2026 at 10:00 AM IST. Participants include B R Preetham (JMD & Group CEO), Hari Krishnan (ED & CEO-ADS), Rahul Kale (CEO-Automotive), Vikas Goel (CFO) and Praveen Chauhan (Head of Corporate Strategy).
The Q2 print tests whether Sansera's FY27 markers — high-teens to 20% top-line growth and EBITDA margin inching towards 19% — hold after a Q1 in which revenue grew 33% YoY and ADS revenue of INR 1,454 Mn annualized to roughly INR 5,816 Mn against the INR 5,500-6,000 Mn FY27 target.
The demand base was strong through the July-September window: SIAM's Q2 FY27 wholesale data shows PV at 1.36 mn units (+30.7% YoY), CV at 3.09 lakh (+28.7%) and record 2W exports of 1.65 mn (+27.7%), with India at 60.1% of Q1 sales mix.
On costs, aluminium stayed elevated but stopped rising — LME spiked to a four-year high of $3,787.50/t in early June before unwinding to ~$3,170/t by late July, versus a Q1FY27 MCX average of Rs. 339/kg (+14.0% QoQ) — and none of the Q1 inflation had been recovered via pass-throughs yet, making the margin bridge the key open item.
Trade policy was stable through the quarter, with the 10% Section 301 duty in force since July 24, 2026 replacing the expired surcharge, supportive for the INR 126 Mn import-duty provision management called 'considered recoverable', though a new US authorization of tariffs up to 100% over Russian energy purchases remains an unquantified tail risk.
The gap between Q1's 19.2% reported and 20.4% management-adjusted EBITDA margin — spanning the tariff provision and insurance recovery on the Rs. 16.93 Cr US litigation payout — is the bridge to watch for whether reported margins converge on the adjusted figure.
FY27 guidance tracking: Management set FY27 markers before a quarter in which demand ran ahead of trend; watch for reiteration, revision or tempering.
ADS ramp and semicon order conversions
Capacity commissioning timelines
Costs, working capital and trade policy
Operating metric trajectory: Q1FY27 segment and geography mix sets the base for the Q2 read.
Management has guided for high-teens to 20% top-line growth in FY27, 'assuming current trends sustain', and Q1 FY27 revenue grew 33% YoY to Rs. 1,021.26 Cr. Analysts have asked whether this is a baseline or implies H2 moderation, and management confirmed the base order book timeline — peak revenue within three years — remains unchanged.
Management reaffirmed the long-term 20/20/20 framework (20% EBITDA, 20% growth, 20% ROCE) but explicitly cautioned against reaching a 20% operating margin in FY27, citing one-time impacts and labour agreement cost loading. Q1 FY27 EBITDA margin was 19.2% reported and 20.4% on management's adjusted basis.
Management has guided ADS EBITDA margins within a 25-30% band, moving toward 'very close to 30% or 30% plus' once the first building is fully utilized. When asked directly about margins above 30%, management declined, citing industry maturation, cost pressures and resource requirements.
Yes — Q1 FY27 consolidated revenue rose 33% YoY to Rs. 1,021.26 Cr, with Non-Auto up 129.9% YoY and ADS revenue more than tripling to INR 1,454 Mn. India business grew 17.4% and International 71.4% in the quarter.
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