Sharda Motor Industries Ltd shares plunged more than 10% in Wednesday’s trade after the company announced its financial results for the second quarter of FY26. Despite reporting a double-digit rise in revenue, the company’s profitability metrics showed a decline, triggering a negative market reaction. As of 9:42 AM, the shares were trading 10.64% lower at Rs 1,049.40.
In its consolidated results for Q2 FY26, Sharda Motor’s revenue rose 10.7% year-on-year to Rs 787 crore, compared to Rs 711 crore in the same quarter last year. However, EBITDA slipped 4.2% to Rs 101 crore from Rs 105 crore, with EBITDA margins narrowing to 12.8% from 14.8% a year earlier.
The company’s net profit declined 5.1% YoY to Rs 74.7 crore, down from Rs 78.7 crore in the corresponding quarter of the previous year.
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