Sahyadri Industries LimitedQ1 FY27 Results & Financial Update
Sahyadri Industries Limited: Q1 FY27 standalone results and company financials – revenue ₹258.58 Cr, PAT ₹26.52 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Sahyadri Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Sahyadri Industries delivered a robust operational and financial performance for the quarter ended June 30, 2026 (Q1 FY27), overcoming headwinds from geopolitical tensions that adversely affected export markets.
The company reported a standalone total income of ₹261.25 crore for Q1 FY27, underpinned by strong seasonal demand which historically makes the first quarter favorable for the building materials industry.
Operating profitability expanded significantly, with EBITDA for the quarter reaching ₹41.70 crore and an EBITDA margin of 16.0%, which management noted improved by 58.4% compared to the same period in the previous fiscal year.
Profit after tax (PAT) for the standalone entity stood at ₹26.52 crore, translating to basic earnings per share (EPS) of ₹24.22 for the quarter.
Operational efficiency saw a notable upward tick, with capacity utilization climbing to 103% during Q1 FY27, compared to 93% in Q1 FY26, reflecting high plant throughput to meet robust market demand.
In recognition of the solid performance during the quarter, the board of directors recommended an interim dividend of 25%, amounting to ₹2.50 per share on a face value of ₹10 for FY27.
Management highlighted that while the domestic growth outlook for the roofing sector remains positive, ongoing monitoring of geopolitical developments, foreign exchange volatility, and imported raw material costs remains critical.
01 · Business model
What does Sahyadri Industries do?
Sahyadri Industries Limited is a prominent building solutions provider with over seven decades of group legacy, specializing in interior and exterior building systems as well as durable roofing solutions.
The company manufactures a comprehensive product portfolio featuring Swastik corrugated roofing sheets, EcoPro designer fibre cement boards, and Cemply flat sheets, which are widely utilized for robust and sustainable construction structures.
Operating through an extensive distribution network comprising over 3,000 dealers across India, the company has catered to more than one million customers since its inception.
Sahyadri maintains a diversified manufacturing footprint with plants spanning across multiple states, positioning itself as a key player in the Indian building materials sector.
02 · Historical context
What shaped the business before this quarter
Originally incorporated as New Sahyadri Industries Private Limited in the early 1990s, the company established its first plant at Chinchwad, Maharashtra, before later changing its status to a public limited company and listing on the stock exchanges.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹258.58 Cr |
| Total income | ₹261.25 Cr |
| Profit before tax | ₹35.50 Cr |
| Profit after tax | ₹26.52 Cr |
| EPS | ₹24.22 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 10.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 13.7% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.67 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The first quarter of the fiscal year traditionally benefits from strong seasonal demand within the building materials and roofing sector, driving higher throughput.
Revenue is increasingly supported by specialized product lines such as EcoPro fibre cement boards and Cemply flat sheets, alongside traditional corrugated roofing.
What drove margins
Higher factory throughput and elevated capacity utilization of 103% during the quarter supported fixed cost absorption and expanded operating margins.
05 · Demand, customers & order book
Where demand is coming from
The company continues to distribute its products through an established pan-India network of over 3,000 dealers, serving a cumulative customer base exceeding one million.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Building material revenue reached ₹256.20 crore for Q1 FY27, up from ₹212.20 crore in Q1 FY26, with segment EBIT rising to ₹33.20 crore from ₹13.90 crore.
Geography and market mix
Management noted that ongoing geopolitical situations had an adverse impact on export markets during the quarter, though domestic demand remained strong.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Manufacturing capacity utilization improved significantly to 103% in Q1 FY27, up from 93% in Q1 FY26, driven by robust production schedules.
Projects, capex and execution
The company is executing capital expenditure plans including a ₹95 crore project in Orissa for asbestos corrugated sheets (1,20,000 MTPA capacity) and a ₹95 crore project in Maharashtra for non-asbestos cement boards (72,000 MTPA capacity).
08 · Strategy & new businesses
How the company is trying to change its growth mix
Strategic focus remains on increasing the share of margin-rich value-added products and expanding geographical penetration into unrepresented markets across North and East India.
09 · Pressure points & risks
What is not going smoothly
Geopolitical uncertainties continued to exert a negative influence on export volumes during the quarter.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Finance costs for the quarter were contained at ₹0.54 crore, reflecting low borrowing levels and strong internal cash generation.
11 · Management guidance & targets
What management is targeting from here
Management stated that the growth outlook for the roofing sector in FY27 remains positive, while remaining watchful of geopolitical risks, forex volatility, and imported raw material costs.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
New Product Introductions
The company highlighted the introduction of Swastik Sil Gold, positioned as the industry's first coloured designer corrugated roofing sheet offering sound, thermal, and heat insulation properties.
13 · Key Q&A
The quarter, answered directly
What does Sahyadri Industries do?
Sahyadri Industries Limited is a prominent building solutions provider with over seven decades of group legacy, specializing in interior and exterior building systems as well as durable roofing solutions.
What is the clearest takeaway from Q1 FY27?
Sahyadri Industries delivered a robust operational and financial performance for the quarter ended June 30, 2026 (Q1 FY27), overcoming headwinds from geopolitical tensions that adversely affected export markets.
What drove revenue or demand?
The first quarter of the fiscal year traditionally benefits from strong seasonal demand within the building materials and roofing sector, driving higher throughput.
What mattered most for margins or profitability?
Higher factory throughput and elevated capacity utilization of 103% during the quarter supported fixed cost absorption and expanded operating margins.
What changed operationally beyond the headline numbers?
Manufacturing capacity utilization improved significantly to 103% in Q1 FY27, up from 93% in Q1 FY26, driven by robust production schedules.
What is management guiding or targeting from here?
Management stated that the growth outlook for the roofing sector in FY27 remains positive, while remaining watchful of geopolitical risks, forex volatility, and imported raw material costs.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Capex Progress: Execution milestones and land acquisition progress for the upcoming manufacturing units in Orissa and Maharashtra.
- 02
Export Recovery: Trajectory of export markets amid evolving geopolitical conditions.
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