Key Decisions and Financial Results

The Board of Directors meeting commenced at 17:35 IST and concluded at 19:00 IST on November 12, 2026. The Board considered and approved the following:

1. Unaudited Financial Results (Standalone & Consolidated) for Q2 and H1 FY27: The Board approved the unaudited financial results for the quarter and half year ended September 30, 2026.

2. Appointment of Director: The Board appointed Mr. P. Kaniappan (DIN: 02696192) as an Additional Director in the category of Non-Executive Independent Director, based on the recommendation of the Nomination and Remuneration Committee. His term is for three consecutive years from November 12, 2026 to November 11, 2029, subject to shareholder approval by special resolution.

Detailed Financial Performance (Standalone)

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)

  • Revenue from Operations: ₹1,211.22 crore (Q2 FY27) vs ₹787.21 crore (Q2 FY26) vs ₹1,011.07 crore (Q1 FY27)
  • Other Income: ₹21.63 crore (Q2 FY27) vs ₹18.33 crore (Q2 FY26) vs ₹27.06 crore (Q1 FY27)
  • Total Income: ₹1,232.86 crore (Q2 FY27) vs ₹805.54 crore (Q2 FY26) vs ₹1,038.12 crore (Q1 FY27)
  • Profit Before Tax: ₹129.45 crore (Q2 FY27) vs ₹102.60 crore (Q2 FY26) vs ₹114.26 crore (Q1 FY27)
  • Tax Expense: ₹31.80 crore (Q2 FY27) vs ₹27.21 crore (Q2 FY26) vs ₹28.47 crore (Q1 FY27)
  • Net Profit: ₹97.64 crore (Q2 FY27) vs ₹75.39 crore (Q2 FY26) vs ₹85.78 crore (Q1 FY27)
  • EPS (Basic & Diluted): ₹17.01 (Q2 FY27) vs ₹13.13 (Q2 FY26) vs ₹14.94 (Q1 FY27)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹2,222.29 crore (H1 FY27) vs ₹1,543.46 crore (H1 FY26)
  • Other Income: ₹48.69 crore (H1 FY27) vs ₹41.30 crore (H1 FY26)
  • Total Income: ₹2,270.98 crore (H1 FY27) vs ₹1,584.76 crore (H1 FY26)
  • Profit Before Tax: ₹243.71 crore (H1 FY27) vs ₹231.82 crore (H1 FY26)
  • Tax Expense: ₹60.28 crore (H1 FY27) vs ₹57.33 crore (H1 FY26)
  • Net Profit: ₹183.43 crore (H1 FY27) vs ₹174.50 crore (H1 FY26)
  • EPS (Basic & Diluted): ₹31.95 (H1 FY27) vs ₹30.40 (H1 FY26)

Exceptional Items

Exceptional items for Q2 and H1 FY27 were Nil. For the corresponding period in FY26, exceptional items were ₹22.41 crore for H1 FY25 (profit on sale of PPE classified as held for sale) and ₹18.15 crore for FY26 (profit on sale of PPE ₹22.41 crore less provision for employee benefit - past service cost ₹4.26 crore).

Capital Structure

  • Paid-up Equity Share Capital: ₹11.48 crore (face value of ₹2 per share)
  • Other Equity: ₹13,144.92 crore as of March 31, 2026

Detailed Financial Performance (Consolidated)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹1,211.22 crore
  • Other Income: ₹21.63 crore
  • Total Income: ₹1,232.86 crore
  • Profit Before Tax: ₹131.25 crore
  • Tax Expense: ₹31.80 crore
  • Net Profit: ₹99.44 crore
  • EPS (Basic & Diluted): ₹17.32

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹2,222.29 crore
  • Other Income: ₹48.69 crore
  • Total Income: ₹2,270.98 crore
  • Profit Before Tax: ₹246.25 crore
  • Tax Expense: ₹60.28 crore
  • Net Profit: ₹185.97 crore
  • EPS (Basic & Diluted): ₹32.39

Share of Profit/(Loss) from Associates and Joint Ventures

  • Associate (Relan Industrial Finance Limited): Share of profit of ₹4.79 lakh (Q2 FY27) and ₹9.32 lakh (H1 FY27)
  • Joint Venture (Exhaust Technology Private Limited): Share of profit of ₹176.00 lakh (Q2 FY27) and ₹246.50 lakh (H1 FY27)
  • Subsidiary (Uddipt Mobility India Private Limited): Net loss of ₹0.66 lakh (Q2 FY27) and ₹1.30 lakh (H1 FY27)

Director Appointment Details

Mr. P. Kaniappan Profile

  • Over four decades of experience in the automotive industry
  • Expertise in operations, manufacturing, and business management
  • Educational Qualifications: Bachelor's degree in Mechanical Engineering, Master's degree in Manufacturing Systems Engineering from University of Warwick, UK, and Executive MBA from Great Lakes Institute of Management, Chennai
  • Previous senior leadership positions at TVS Motor, Sundaram-Clayton, and WABCO/ZF Commercial Vehicle Control Systems India Limited

Compliance Confirmations

  • Not related to any Director, Key Managerial Personnel, or Promoters of the Company
  • Not debarred from holding office by virtue of any SEBI Order or any other authority
  • Not disqualified from holding director office pursuant to Section 164 of the Companies Act, 2013

Auditor Review

Both standalone and consolidated financial results were reviewed by S.R. Dinodia & Co. LLP, Chartered Accountants, who issued an unmodified review opinion. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Additional Information

  • The financial results are available on the company's website (www.shardamotor.com) and on BSE/NSE websites
  • The company operates in a single reportable segment: manufacturing & trading of auto component parts
  • The appointment of Mr. Kaniappan is subject to shareholder approval