| Revenue growth | H1 EBITDA +4%, PAT +5% YoY; Q2 total income ₹1,505 Cr, YoY not stated. |
|---|---|
| Margins | Realisations lifted hydro and thermal profitability; no margin figures stated. |
| Demand visibility | Steel demand buoyant, flat steel stronger; peak power demand up 18% to 270 GW. |
| Management confidence | Balanced; confident on projects, but declined numeric forward guidance. |
Growth
Management credits hydro and thermal realisations for profit gains; Q2 YoY growth figures were not stated.
Outlook
Guides ~420 crore units thermal generation in FY27; 1,200 MW expansion clearance expected this year. No revenue or profit targets.
Risks
Unit shutdown, falling pellet realisation (~₹10,000 to ~₹9,800/t), coal freight spike, pending clearances, no numeric guidance.
Last quarter's promises, checked
Delivered
- Liquidity >₹2,500 Cr, net debt-free → liquidity >₹2,600 Cr, net debt-free (= BEAT)
- Power realisation ₹5–6/unit → hydro >₹6/unit (= BEAT)
Partly delivered
- Thermal ₹5–6/unit → ₹5.2–5.5/unit (= PARTIAL, low end)
- 30MW captive unit stable ops mid-Aug-26 → turbo generator replaced, date not stated (= PARTIAL)
- 1,200MW EC: TOR ~3 mo + 6–8 mo post-hearing → still pending, clearance 'expected this year' (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: SARDAEN. Summary written with AI assistance from the document.
Sarda Energy & Minerals Ltd: key numbers
- Share price
- ₹449.00
- Market cap
- ₹15,822 Cr
- Revenue (annual)
- ₹5,690 Cr
- Net profit (annual)
- ₹1,106 Cr
- P/E (TTM)
- 14.2×Sector 17.2×
- Promoter holding
- 73.16%+0.00% QoQ
- FII holding
- 3.62%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sarda Energy & Minerals Ltd
All →Sarda Energy & Minerals Investor Presentation: Key Takeaways
Q2 FY27 consolidated EBITDA ₹564 Cr (-2.7% YoY), PAT ₹320 Cr (-2.2%). Record H1 EBITDA ₹1,326 Cr (+3.9%); manganese mine won, 2x EBITDA roadmap.
Sarda Energy & Minerals Results Update
Sarda Energy & Minerals reported Q2 and H1 FY27 results via press release, with H1 EBITDA at Rs 1,326 Cr (up 3.9%) and PAT at Rs 799 Cr. It also announced a manganese ore block win in Andhra Pradesh through a subsidiary.
Sarda Energy & Minerals Q2 FY27 Results: Net Profit ₹320.5 Cr, Down 2.2% YoY
Sarda Energy & Minerals Ltd reported revenue from operations of ₹1,453 Cr (-4.9% YoY) and net profit of ₹320.5 Cr (-2.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹320.5 Cr · -2.2% YoY
Sarda Energy & Minerals Other Announcement
Sarda Energy & Minerals re-filed its quarterly shareholding pattern for the quarter ended 30 September 2026. The filing shows promoter and promoter group holdings and public category breakdowns with no transaction or money involved.
Sarda Energy & Minerals Merger & Restructuring Worth ₹3 Cr
Sarda Energy & Minerals will incorporate a wholly owned subsidiary in Dubai for trading. The initial investment for this expansion is capped at ₹3 Crore.
- Value
- ₹3.00 Cr
- Execution
- 4-6 months
Sarda Energy & Minerals Board Meeting Date
Sarda Energy & Minerals has scheduled a board meeting on 31 Oct 2026 to consider unaudited Q1 FY27 results. No financial figures are disclosed in this advance intimation.