Sundram Fasteners Ltd

Sundram Fasteners Q3 FY26: ₹1,359 Cr Revenue, 18% Domestic Growth 🚀

• Q3 FY26 revenue stood at ₹1,359 crores, with strong domestic growth of 18% in OE and aftermarket segments.

• 9-month PAT reached ₹401 crores, up from ₹382 crores in the comparable period, with EBITDA margin at 17.3%.

• Profit before tax (PBT) before exceptional items was ₹174 crores, down from ₹186 crores in the previous quarter, primarily due to tariff impacts.

• Non-auto segments (wind energy, aerospace, tractors, aftermarket) contribute 38% of revenue.

• Wind energy segment is targeted to grow to ₹500 crores annually.

• Aerospace business showed significant growth, reaching around ₹5 crores monthly, a 50-60% increase from previous levels.

• Exports moderated to 23% of revenue due to tariff pressures, with some products facing 25-50% tariffs based on iron and steel content.

• The company is diversifying exports to Europe (Poland, Romania, Sweden) to mitigate North American market strain.

• EV project ramp-up from North America is delayed, with trickle expected in second half of FY27.

• FY27 guidance includes double-digit revenue growth and ₹250 crores CAPEX, with 30% allocated for replacement.

• Domestic revenue mix: fasteners 40-45%, with growth driven by commercial vehicles, cars/MUVs, and tractors; capacity utilization is around 60%.

• Geographic export mix shifted: North America down to 60-62%, Europe up to 25%, with margins comparable across regions.