Integrated Filing — IndAS



General information about company

Scrip Code 541163
NSE Symbol SANDHAR
MSEI Symbol Notlisted
ISIN INE278H01035
Name of company SANDHAR TECHNOLOGIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 13-11-2025   11:30:00
End date and time of board meeting 13-11-2025   14:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,27,037.37 2,36,046.21
Other income 3,729.08 5,671.81
Total income 1,30,766.45 2,41,718.02
2 Expenses
(a) Cost of materials consumed 82,549.81 1,50,945.77
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,108.22) (1,897.63)
(d) Employee benefit expense 15,755.17 30,359.96
(e) Finance costs 1,738.70 3,458.75
(f) Depreciation, depletion and amortisation expense 4,369.46 9,389.77
(f) Other Expenses
1 Other expenses 19,031.51 36,589.18
Total other expenses 19,031.51 36,589.18
Total expenses 1,21,336.43 2,28,845.80
3 Total profit before exceptional items and tax 9,430.02 12,872.22
4 Exceptional items 138.22 327.40
5 Total profit before tax 9,568.24 13,199.62
6 Tax expense
7 Current tax 1,899.21 2,780.76
8 Deferred tax 331.44 280.01
9 Total tax expenses 2,230.65 3,060.77
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 7,337.59 10,138.85
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 7,337.59 10,138.85
17 Other comprehensive income net of taxes 489.67 996.82
18 Total Comprehensive Income for the period 7,827.26 11,135.67
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 7,337.59 10,138.85
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 7,827.26 11,135.67
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 6,019.07 6,019.07
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 12.19 16.84
Diluted earnings (loss) per share from continuing operations 12.19 16.84
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 12.19 16.84
Diluted earnings (loss) per share from continuing and discontinued operations 12.19 16.84
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes 1.The above statement of unaudited consolidated financial results (the Statement) for the quarter and six months ended 30 September 2025, has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13 November 2025. The same along with the report of the Statutory auditor has been filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and is also available on the Company's website at www.sandhargroup.com. The unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles of the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. 2. Particulars of subsidiaries, step-down subsidiaries and joint ventures as on 30 September 2025: a) Subsidiaries and step-down subsidiaries - (i) Sandhar Technologies Barcelona S.L. - subsidiary (ii) Sandhar Technologies Poland sp. Zoo - step-down subsidiary (iii) Sandhar Technologies de Mexico S de RL de CV - step-down subsidiary (iv) Sandhar Technologies Ro SRL - step-down subsidiary (v) Sandhar Ascast Private Limited (formerly known as Sandhar Tooling Private Limited) - subsidiary (vi) Sandhar Auto Castings Private Limited - subsidiary (vii) Sandhar Auto Electric Solutions Private Limited - subsidiary (viii) Sandhar Engineering Private Limited- subsidiary (ix) Sandhar Automotive Systems Private Limited - subsidiary b) Joint Ventures - (i) Sandhar Han Sung Technologies Private Limited (ii) Sandhar Amkin Industries Private Limited (iii) Sandhar Whetron Electronics Private Limited (iv) Sandhar Han Shin Auto Technologies Private Limited (v) Winnercom Sandhar Technologies Private Limited 3.During the quarter and six months ended 30 September 2025, the Company completed the sale of assets of Peenya plant, which had been classified as a non-current asset held for sale as at 31 March 2025. The assets, had a carrying amount of Rs. 2,699.31 lacs at the time of classification. The assets were sold during the year for total proceeds of Rs. 6,100 lacs, resulting in a gain on disposal amounting to Rs. 3,400.69 lacs , which has been recognized under Other income in the statement of profit or loss. 4.During the year ended 31 March 2025, the Company conducted an impairment review of its investment in equity shares of Sandhar Whetron Electronics Private Limited. Based on the updated assessment, the recoverable amount of the investment, determined using the value-in-use method, exceeded its carrying amount. As a result, the Company has reversed the impairment loss of Rs. 231.70 lacs which was previously recognized during the earlier years. 5.Refer Annexure 1 to the Statement for disclosure with respect to segment revenue, segment results and segment assets and liabilities for the quarter ended 30 September 2025. 6.The Board of Directors at its Meeting held on 22 May 2025, had recommended a final dividend @ 35% i.e. Rs. 3.50 per equity share, which has been approved by shareholders in Annual General Meeting held on 19 September 2025. The same has been paid. 7.The standalone results of the Company are available on the Companys website www.sandhargroup.com. The key standalone financial information of the Company is given below: Particulars Quarter ended Year ended 30 September 2025 30 September 2025 Un-audited Un-audited Revenue from operations 80,502.52 1,53,314.64 Profit from operations after exceptional item and before tax 9,469.94 12,925.68 Tax expense 2,011.58 2,927.09 Net profit after tax 7,458.36 9,998.59 Other comprehensive income/ (loss), net of income tax 446.77 573.35 Total comprehensive income for the period/ year 7,905.13 10,571.94 8. Exceptional items includes profit from joint ventures. For and on behalf of the Board of Directors of Sandhar Technologies Limited Place : Gurugram JAYANT DAVAR Date : 13 November 2025 Chairman, Managing Director and Chief Executive Officer



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,36,860.64
Capital work-in-progress 8,554.79
Investment property 0.00
Goodwill 7,713.96
Other intangible assets 7,318.73
Intangible assets under development 1,407.32
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 5,459.87
Non-current financial assets
Non-current investments 428.48
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 3,414.87
Total non-current financial assets 3,843.35
Deferred tax assets (net) 476.41
Other non-current assets 1,925.49
Total non-current assets 1,73,560.56
2 Current assets
Inventories 51,016.49
Current financial asset
Current investments 102.82
Trade receivables, current 81,948.33
Cash and cash equivalents 2,627.93
Bank balance other than cash and cash equivalents 8.03
Loans, current 34.38
Other current financial assets 2,220.00
Total current financial assets 86,941.49
Current tax assets (net) 0.00
Other current assets 7,914.25
Total current assets 1,45,872.23
3 Non-current assets classified as held for sale 939.66
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 3,20,372.45
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 6,019.07
Other equity 1,16,940.04
Total equity attributable to owners of parent 1,22,959.11
Non controlling interest
Total equity 1,22,959.11
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 28,759.76
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 12,019.22
Total non-current financial liabilities 40,778.98
Provisions, non-current 640.20
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 4,264.55
Other non-current liabilities 0.00
Total non-current liabilities 45,683.73
Current liabilities
Current financial liabilities
Borrowings, current 57,025.18
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 17,332.79
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 63,372.08
Total Trade payable 80,704.87
Other current financial liabilities 6,365.40
Total current financial liabilities 1,44,095.45
Other current liabilities 5,668.11
Provisions, current 1,215.05
Current tax liabilities (Net) 751.00
Deferred government grants, Current 0.00
Total current liabilities 1,51,729.61
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,97,413.34
Total equity and liabilites 3,20,372.45
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 India 1,15,301.67 2,12,016.63
2 Overseas 11,735.70 24,029.58
Total Segment Revenue 1,27,037.37 2,36,046.21
Less: Inter segment revenue 0.00 0.00
Revenue from operations 1,27,037.37 2,36,046.21
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 India 11,272.21 17,157.21
2 Overseas 34.73 (498.84)
Total Profit before tax 11,306.94 16,658.37
i. Finance cost 1,738.70 3,458.75
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 9,568.24 13,199.62
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 India 2,46,757.23 2,46,757.23
2 Overseas 73,615.22 73,615.22
Total Segment Asset 3,20,372.45 3,20,372.45
Un-allocable Assets 0.00 0.00
Net Segment Asset 3,20,372.45 3,20,372.45
4 Segment Liabilities
Segment Liabilities
1 India 1,27,509.11 1,27,509.11
2 Overseas 69,904.23 69,904.23
Total Segment Liabilities 1,97,413.34 1,97,413.34
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 1,97,413.34 1,97,413.34
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Gain/ (loss) on remeasurement of defined benefit obligation 31359000 48275000
Total Amount of items that will not be reclassified to profit and loss 313.59 482.75
2 Income tax relating to items that will not be reclassified to profit or loss 101.63 144.21
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences in translating the financial statements of foreign operations 37028000 87771000
Total Amount of items that will be reclassified to profit and loss 370.28 877.71
4 Income tax relating to items that will be reclassified to profit or loss 92.57 219.43
5 Total Other comprehensive income 489.67 996.82



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 13,199.62
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,458.75
Adjustments for decrease (increase) in inventories (10,067.96)
Adjustments for decrease (increase) in trade receivables, current (26,218.16)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,148.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (1,016.67)
Adjustments for other financial assets, current 574.45
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 27,602.87
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (141.14)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 9,389.77
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 620.16
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 1,030.78
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 1.86
Adjustments for dividend income 0.00
Adjustments for interest income 132.92
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (7.46)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (4,842.27)
Other adjustments to reconcile profit (loss) (373.15)
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,269.09)
Net cash flows from (used in) operations 11,930.53
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 2,452.99
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 9,477.54
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 779.72
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 8,135.69
Purchase of property, plant and equipment 17,007.47
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 157.63
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (2.93)
Net cash flows from (used in) investing activities (7,937.36)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 9,985.82
Repayments of borrowings 6,324.04
Payments of lease liabilities 1,962.69
Dividends paid 2,106.67
Interest paid 3,182.65
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (3,590.23)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (2,050.05)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents (3,431.20)
Net increase (decrease) in cash and cash equivalents (5,481.25)
Cash and cash equivalents cash flow statement at beginning of period 8,109.18
Cash and cash equivalents cash flow statement at end of period 2,627.93