Mumbai, July 28 (SocialNews.XYZ) Sundaram Clayton Limited on Tuesday reported a consolidated net loss of Rs 59 crore for the quarter ended June 30, 2026, compared with a net loss of Rs 58 crore in the corresponding period last financial year.
The Chennai-based company reported a 16 per cent year-on-year increase in consolidated revenue to Rs 592 crore in the April-June quarter from Rs 512 crore a year earlier (Q1 FY26), according to its stock exchange filing.
However, higher input costs, including raw materials, fuel and freight, continued to pressure operating performance during the quarter.
On a standalone basis, the company reported a net profit of Rs 17 crore for the first quarter of FY27, largely unchanged from the year-ago period.
Commenting on the business environment, the company said the Indian automobile industry delivered a resilient performance during the quarter, supported by stable macroeconomic conditions, infrastructure-led investments and sustained consumer demand.
It said the commercial vehicle segment recorded steady growth on the back of infrastructure activity, construction demand and vehicle replacement, while the passenger vehicle segment continued to witness healthy demand, particularly for SUVs and hybrid vehicles.
Overall industry sentiment remained positive, although demand from certain fleet segments remained subdued.
Sundaram Clayton also highlighted signs of recovery in the North American truck market, driven by improving fleet replacement demand, higher order inflows and increased production schedules by original equipment manufacturers (OEMs).
While retail demand remained below peak levels, the company said stronger order books and an improving production outlook indicate positive momentum.
At the same time, the company cautioned that elevated interest rates, softer freight conditions and ongoing geopolitical and trade-related uncertainties continue to pose near-term risks.
It added that developments in the Middle East have created uncertainty across global commodity and logistics markets, leading to higher aluminium prices, energy costs and freight rates, which are exerting pressure on input costs and operating margins.
The company said it is closely monitoring the evolving situation and taking proactive measures to strengthen supply chain resilience and ensure operational continuity.
It added that production across its manufacturing facilities is being ramped up in line with customer requirements to support the anticipated recovery in North American truck demand.
Shares of Sundaram Clayton closed at Rs 1,310.40 on the BSE on Tuesday, down Rs 82.90, or 5.95 per cent, from the previous close.
Source: IANS
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