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* Revenue Outlook: The company posted a modest 3% YoY revenue growth in Q1FY26, subdued due to multiple short-term headwinds in both domestic and export markets. However, its diversified portfolio—spanning geographies, segments, and customers—provides resilience and positions it well for acceleration in the coming quarters. Management’s commentary indicates that most challenges, including US tariff uncertainties and temporary export softness, are transitory and a rebound is expected from FY27. Growth drivers include strong ADS traction, Sweden’s sustained performance, new aluminium forging opportunities, agricultural and industrial demand tailwinds, and gradual stabilisation in xEV.

* Orderbook: Sansera’s orderbook stands at Rs 2,024 Cr in peak annual revenue potential, which is well-diversified across ADS (24%), xEV (10%), tech-agnostic auto components (9%), ICE PV+CV (30%), and two-wheelers (15%). In Q1FY26, the company secured orders worth Rs 173 Cr, reinforcing its ability to win business despite challenging market conditions. Key wins included xEV orders from North American OEMs, order wins from a new American tractor OEM, and new business from Collins Aerospace. This robust order inflow not only enhances revenue visibility but also strengthens its foothold in premium, high-value segments that are expected to drive margin accretion over the medium term.

* EBITDA Margins: The 17.2% EBITDA margins achieved in Q1FY26 were supported by Sweden’s scale-up (80% YoY revenue growth with a 4% gross margin expansion), Fitwell’s 21% YoY growth with stable margins, improved raw material yields, and a richer ADS mix. Additionally, initiatives focused on optimising manpower and capacity utilisation are further contributing to performance. US tariff impacts have so far been passed through to most customers, limiting downside risk.

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