India's Sharda Motor Industries falls on lower Q1 profit

Sharda Motor Industries

11/08/2026 05:27

** Shares of auto parts maker Sharda Motor Industries SHAD.NS down about 7% at 889.45 rupees
** Stock on track to erase four sessions of gains
** Co reports 13.4% fall in Q1 consolidated net profit as expenses jump 37.5% to 9.24 billion rupees, mainly due to higher raw material costs
** YTD, shares down 5.14%

($1 = 95.3950 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))