Sundram Fasteners Limited — Investor Meet, 05-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sundram Fasteners reported robust Q2 FY'26 results, with H1 revenue at Rs. 2,723 crore and record PAT of Rs. 278 crore. Q2 PAT hit a high of Rs. 140 crore. Domestic sales grew 12%, outpacing the market due to new business in passenger cars and increased share in CV/tractors. Exports moderated to Rs. 338 crore due to the US heavy-duty truck market and EPA27 ambiguity but show signs of recovery for H2. Raw material prices are softening, boosting gross margins to 60%+. Non-auto segments, including wind energy (up 30-35%), drive growth. EV programs are deferred but investments are ready. Management targets double-digit CAGR.