Sharda Motor Share Price: Revenue mein **27%** ka blast, par Margin thoda peeche!

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AuthorIshaan Verma|Published at:
Sharda Motor Share Price: Revenue mein **27%** ka blast, par Margin thoda peeche!
Overview

Socha tha aaj Sharda Motor ke numbers dekhte hain, aur bhai, revenue toh ekdum udta hua nikla! Company ne Q3 FY26 mein **27.76%** ka bada jump dikhaya, revenue **₹881.55 Cr** tak pahunch gaya. Profit bhi **7.24%** badh kar **₹80.13 Cr** bana. Par yaar, margins thode tight ho gaye hain, **9.09%** pe aa gaye. Aur ek achhi khabar ye hai ki company **₹20 Cr** ka naya manufacturing unit Haridwar mein laga rahi hai!

Aise dekha jaye toh, Sharda Motor ne standalone level pe revenue 27.76% bhagaya hai, jo ₹881.55 Cr ke level pe pahunch gaya Q3 FY26 mein. Pichle saal isi quarter mein ye ₹689.99 Cr tha. Aur quarter-on-quarter bhi 11.98% ka growth dikha raha hai! Standalone PAT bhi 7.24% badh kar ₹80.13 Cr bana hai. Lekin yaar, margins thode tight ho gaye hain. Standalone PAT margin gir kar 9.09% pe aa gaya hai, jo pichle saal 10.83% tha aur pichle quarter mein 9.58% tha. Iska main reason hai kuch 'exceptional items'. Q3 FY26 mein ₹446.13 lakh ka provision employee benefits ke liye hua, aur pichle saal Q3 mein ₹1,794.79 lakh ka profit bhi tha plant sale se. Isliye YoY PAT growth 7.24% dikh raha hai, jabki operational numbers shayad alag honge.

Ab future ki baat karte hain! Company ₹20.00 crore kharch karke Haridwar, Uttarakhand mein ek naya manufacturing unit laga rahi hai. Ye investment company apne hi kamaye hue kharch (internal accruals) se karegi. Isse 1,50,000 sets per annum ki capacity badhegi aur umeed hai ki July 2026 tak production start ho jayega. Ye strategic move customers tak saman pahunchane ko aur aasan banayega aur demand ko meet karne mein help karega.

Management ka confidence bhi dikh raha hai tax matters ko lekar, unhone bataya ki appeals allow ho gayi hain Commissioner of Income Tax (Appeal) se. Aur haan, naye Labour Codes ki wajah se jo employee benefits ka cost aaya, woh bhi Q3 FY26 mein exceptional item mein include tha. Company ke statutory auditors ne bhi financial results ko 'unmodified review opinion' diya hai, jiska matlab hai ki sab cheezein standard processes ke according hain.

Toh abhi investors ko kya dhyan dena chahiye? Sabse pehle, yeh margin recovery kaise hoti hai, yeh dekhna padega. Company profit margins kaise sudhar sakti hai, yeh important hai. Dusra, Haridwar plant ka execution time pe aur budget mein hona bahut zaruri hai. Teesri baat, exceptional items numbers ko thoda distort kar sakte hain, toh underlying operational performance pe focus karna sahi rahega. Aur last, jo tax cases chal rahe hain, unka kya outcome hota hai, yeh bhi nazar rakhni hogi.

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