Sansera Engineering Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Sansera Engineering Ltd filed with BSE on 20 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Sansera Engineering reported its highest-ever quarterly revenue of INR10,213 million in Q1 FY27, up 33% year-on-year, with EBITDA margin at 19.2% and PAT margin at 8.6%. The non-auto segment, led by the ADS (Aerospace, Defense and Space) business, grew 129.9% year-on-year, and the ADS order backlog rose to around INR57.5 billion following a large new order from a semicon equipment manufacturer. Management discussed capacity expansion plans across ADS and auto segments, including a new surface treatment facility, an 80,000 square foot hangar, and additional forging and machining capacity at Pantnagar and Manesar.
Numbers mentioned
Revenue: INR10,213 million (Q1 FY27)
p. 3
“Our quarterly revenues crossed INR10,000 million milestone, reaching INR10,213 million, representing a year-on-year growth of 33%.”
B. R. Preetham, page 3 of the filed PDF · View the filing
EBITDA margin: 19.2% (Q1 FY27)
p. 3
“EBITDA and PAT margins remained resilient at 19.2% and 8.6% respectively.”
B. R. Preetham, page 3 of the filed PDF · View the filing
Non-auto segment revenue: INR1,998 million (Q1 FY27)
p. 3
“The non-auto segment delivered its highest-ever quarterly sales of INR1,998 million, registering an impressive 129.9% year-on-year growth.”
B. R. Preetham, page 3 of the filed PDF · View the filing
ADS revenue: INR1,454 million (Q1 FY27)
p. 3
“The revenue increasing by more than three times year-on-year and standing at INR1,454 million.”
B. R. Preetham, page 3 of the filed PDF · View the filing
Auto Tech-Agnostic and xEV segment revenue: INR1,316 million (Q1 FY27)
p. 4
“the segment achieved its highest-ever quarterly sales of INR1,316 million, growing at 22.2% year-on-year, reflecting accelerated EV adoption, especially in two-wheelers.”
B. R. Preetham, page 4 of the filed PDF · View the filing
Auto ICE segment revenue: INR6,275 million (Q1 FY27)
p. 4
“Our Auto ICE segment also delivered a healthy 20.8% year-on-year growth on a high base and stood at INR6,275 million.”
B. R. Preetham, page 4 of the filed PDF · View the filing
ADS cumulative unexecuted order book: INR44.4 billion (as of quarter end June 2026)
p. 4
“Our cumulative unexecuted lifetime order book for five years, especially for ADS business, stood at INR44.4 billion as of quarter end.”
B. R. Preetham, page 4 of the filed PDF · View the filing
ADS order backlog: around INR57.5 billion (current, Q2 FY27)
p. 4
“we have received few more orders in this segment in the current quarter, Q2, which have pushed our ADS order backlog to around INR57.5 billion currently.”
B. R. Preetham, page 4 of the filed PDF · View the filing
Peak annual revenue of new business ex ADS: INR18.5 billion (as of June 2026)
p. 4
“as of June 2026, our peak annual revenue of our new business ex of ADS stood at INR18.5 billion.”
B. R. Preetham, page 4 of the filed PDF · View the filing
EBITDA: INR1,961 million (Q1 FY27)
p. 5
“EBITDA for the quarter stood at INR1,961 million, reflecting strong year-on-year growth of 48%.”
Vikas Goel, page 5 of the filed PDF · View the filing
Profit after tax: INR874 million (Q1 FY27)
p. 5
“Profit after-tax at INR874 million, up 39% year-on-year with PAT margins improving to 8.6%.”
Vikas Goel, page 5 of the filed PDF · View the filing
Adjusted PAT: INR1,000 million (Q1 FY27)
p. 6
“PAT for the quarter was at INR1,000 million.”
Vikas Goel, page 6 of the filed PDF · View the filing
Other income: INR134 million (Q1 FY27)
p. 5
“Other income stood at INR134 million for the quarter, up around 15% year-on-year, primarily driven by higher forex gains during this period.”
Vikas Goel, page 5 of the filed PDF · View the filing
U.S. import duty tariff provision: INR126 million (Q1 FY27)
p. 5
“included a provision of INR126 million for U.S. import duty tariff incurred in the previous year.”
Vikas Goel, page 5 of the filed PDF · View the filing
Exceptional litigation settlement charge: INR169 million (Q1 FY27)
p. 5
“The quarter included an exceptional charge of INR169 million towards settlement of a litigation matter in the U.S. District Court.”
Vikas Goel, page 5 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Auto ICE segment revenue growth — high-teens top-line growth · FY27
stated firmly by B. R. Preetham
p. 4
“With this, we expect to end FY27 with high-teens top-line growth with continuous focus on improving margin profile.”
B. R. Preetham, page 4 of the filed PDF · View the filing
Overall revenue growth — between high-teens to 20% · FY27
stated conditionally by B. R. Preetham
p. 9
“I think if the business continues to grow the way that it is doing now, I think it is a good possibility that we should be looking at between high-teens to 20% as overall revenue.”
B. R. Preetham, page 9 of the filed PDF · View the filing
Non-ADS business revenue growth — mid-teen kind of growth
stated conditionally by B. R. Preetham
p. 9
“I think, overall, if you see our non-ADS business, all other businesses put together, non-ADS business itself, we should be able to look at a mid-teen kind of growth easily.”
B. R. Preetham, page 9 of the filed PDF · View the filing
EBITDA margin — 19% · FY27
stated as an aspiration by B. R. Preetham
p. 12
“we would be more happier that if we are able to inch towards 19%.”
B. R. Preetham, page 12 of the filed PDF · View the filing
ADS and export EBITDA margins — between 25% and 30%
stated as an aspiration by B. R. Preetham
p. 12
“I would say that as we improve our capacity utilization, the numbers would be more towards higher north of high-20s. I don't want to put a figure into it, but then definitely this would be between 25% and 30% margins.”
B. R. Preetham, page 12 of the filed PDF · View the filing
Overall revenue — INR8,000 crore to INR9,000 crore · by FY 2031
stated as an aspiration by B. R. Preetham
p. 14
“Probably by end of decade is what we said that we will have an opportunity to look at overall revenue of about INR8,000 crore to INR 9,000 crore.”
B. R. Preetham, page 14 of the filed PDF · View the filing
ADS/aerospace/semicon confirmed order execution — INR5,700 crores · by FY 2031
stated firmly by Hari Krishnan
p. 7
“So right now it is INR5,700 crores executable by FY 2031.”
Hari Krishnan, page 7 of the filed PDF · View the filing
Facility capacity for ADS revenue generation — about INR3,500 crores · by FY '31
stated as an aspiration by B. R. Preetham
p. 8
“So overall, by FY '31, our base plan as per the current visibility is to create a facility which will -- through which we can generate a revenue of about INR3,500 crores.”
B. R. Preetham, page 8 of the filed PDF · View the filing
SEM order revenue ramp — significant revenues from calendar year 2027, peaking calendar year 2029 · CY2027-CY2029
stated firmly by Hari Krishnan
p. 14
“we would start seeing revenues in this new order, significant revenues, calendar year 2027, and it will peak calendar year 2029.”
Hari Krishnan, page 14 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management explained the increase came from a new large order from an existing semicon customer, taking that engagement to about $75 million annually.
Answered by B. R. Preetham
Asked by Siddhartha Bera: Clarification on ADS order book increase from INR45 billion to INR57 billion and its source.
p. 6
“this is from semicon equipment manufacturer, and this is pertaining to a very significant -- this is also quite a significant milestone for us because this would propel us to almost close to $75 million worth of annual business from this customer.”
B. R. Preetham, page 6 of the filed PDF · View the filing
Management confirmed the cost is included in the reported margin, not excluded.
Answered by Vikas Goel
Asked by Siddhartha Bera: Whether the INR129 million impact is included in the reported 19.2% EBITDA margin.
p. 7
“No, it is included there. It is considered as a cost.”
Vikas Goel, page 7 of the filed PDF · View the filing
Management said ADS asset turns are comfortably between 2 to 2.25x and detailed capacity build plans including a new hangar and build-to-suit facility.
Answered by Hari Krishnan
Asked by Chandramouli Muthiah: What asset turns are needed before investing in incremental semicon/aerospace capacity, and implications for capex.
p. 8
“the ADS asset turns are very comfortably between 2 to 2.25 in that margin.”
Hari Krishnan, page 8 of the filed PDF · View the filing
Management said aluminum and some consumables saw high inflation while steel inflation was limited, and pass-throughs with customers are still in process.
Answered by Vikas Goel
Asked by Mukesh Saraf: How material costs and pricing pass-throughs have played out in the quarter.
p. 10
“we have seen a material cost increase, not a very substantial increase. Primarily, it has happened in aluminum, a small portion of our total material consumption and also on some of the consumables where we've seen exceptionally high inflation, which has actually impacted us in the quarter.”
Vikas Goel, page 10 of the filed PDF · View the filing
Management said ADS and export businesses operate at 25% to 30% EBITDA margins compared to the domestic base business.
Answered by B. R. Preetham
Asked by Shashank Kanodia: What margin differential does ADS earn versus the base auto business.
p. 12
“we are targeting or we are operating between 25% to 30% EBITDA margins in both these sectors.”
B. R. Preetham, page 12 of the filed PDF · View the filing
Management said they have not lost wallet share and have in fact gained market share with customers like TVS, Yamaha, Suzuki and Maruti.
Answered by B. R. Preetham
Asked by Suraj Malu: Whether Sansera has lost wallet share in motorcycles or with Maruti given revenue growth lagging industry volume growth.
p. 13
“No, we have not lost any wallet share with any of the customers. We have been increasing it both with TVS as well as with Yamaha and Suzuki.”
B. R. Preetham, page 13 of the filed PDF · View the filing
Management said such a rapid jump is not planned; ramp-up will be progressive depending on commissioning and validation timelines.
Answered by Hari Krishnan
Asked by Varinder Bansal: Whether the ADS order book of INR5,700 crores could translate to INR1,500 crores revenue next year.
p. 15
“First point, it is not going to go to INR1,500 crore revenue next year. There will be a progression and depending on the commissioning -- as I said, at this point of time, INR5,700 crores is mandatorily executable or has to be executed by FY 2031.”
Hari Krishnan, page 15 of the filed PDF · View the filing
Management said current cash flows are sufficient and no immediate fundraise is needed, but they are monitoring the situation, and inorganic opportunities in non-auto interest them.
Answered by B. R. Preetham
Asked by Varinder Bansal: Whether the company plans to raise capital or pursue inorganic growth.
p. 15
“currently, we keep monitoring our cash flows and we don't think at this moment it is necessary for us to look at any additional fundraise.”
B. R. Preetham, page 15 of the filed PDF · View the filing
Management said aerospace risk is low barring a catastrophic event, while semicon depends on continued AI-driven demand for chips and equipment.
Answered by Hari Krishnan
Asked by Anirudh Shetty: What risks could affect the ADS growth target, particularly in aerospace and semicon.
p. 18
“In the semicon industry, as everybody is well aware, the current boom is largely significantly driven by the AI demand.”
Hari Krishnan, page 18 of the filed PDF · View the filing
Management said no significant portion of current ADS production is nearing end of life.
Answered by Hari Krishnan
Asked by Anirudh Shetty: Whether any ADS components face end-of-life risk requiring substitution.
p. 19
“No, we are not today in production of anything where a significant portion is going to come to end of life in the ADS business.”
Hari Krishnan, page 19 of the filed PDF · View the filing
Risks flagged
Stress on supply chain and raw material availability due to strong demand
p. 7
“In fact, the demand is so strong that there is a lot of stress on the supply chain, both on raw material from child part front.”
B. R. Preetham, page 7 of the filed PDF · View the filing
Material cost inflation in aluminum and consumables not yet passed through to customers
p. 10
“we've seen exceptionally high inflation, which has actually impacted us in the quarter.”
Vikas Goel, page 10 of the filed PDF · View the filing
Uncertainty over U.S. tariffs affecting connecting rod facility plans
p. 7
“we are now waiting for certainty to come back into the system because of all the tariff confusion.”
Hari Krishnan, page 7 of the filed PDF · View the filing
Catastrophic events in aerospace industry could disrupt growth
p. 18
“risk per se God forbid, something catastrophic like what happened to Boeing about 6 years ago.”
Hari Krishnan, page 18 of the filed PDF · View the filing
Semicon demand dependent on sustained AI-driven capital spending
p. 18
“the current boom is largely significantly driven by the AI demand.”
Hari Krishnan, page 18 of the filed PDF · View the filing
Recovery of U.S. import duty tariff provision remains uncertain
p. 5
“These amounts remain recoverable as we speak and efforts are on to continue on the process of recovering them.”
Vikas Goel, page 5 of the filed PDF · View the filing
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