Sarda Energy & Minerals Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company achieved its highest-ever half-yearly EBITDA of ₹1,326 crore, a 3.9% increase YoY, and H1 PAT of ₹799 crore, up 4.5% YoY. The Q2 FY27 EBITDA stood steady at ₹564 crore. A key strategic development includes the expansion into manganese ore mining with the acquisition of the Avagudem Manganese Block in Andhra Pradesh.
Sarda Energy & Minerals Reports Strong H1 FY27 Performance
Sarda Energy & Minerals Limited (SEML) has announced robust financial results for the first half of FY27, achieving its highest-ever H1 EBITDA of ₹1,326 crore, marking a 3.9% year-on-year increase. The company also reported a healthy H1 Profit After Tax (PAT) of ₹799 crore, up 4.5% YoY. This performance was achieved despite planned maintenance shutdowns and outages across its operations.
Q2 FY27 Performance Highlights
For the second quarter of FY27 (Q2 FY27), the company posted an EBITDA of ₹564 crore, a slight 2.7% decrease YoY. The performance in Q2 was impacted by a planned shutdown of a 300 MW unit at its Thermal Power Plant and turbine replacement at its steel plant. Total income for Q2 FY27 stood at ₹1,505 crore, a 5.7% decrease YoY.
Strategic Expansion into Manganese Mining
A significant strategic milestone for the company is its foray into manganese ore mining. Sarda Metals and Alloys Limited, a subsidiary, has successfully bid for the Avagudem Manganese Block in Andhra Pradesh. This move is expected to strengthen backward integration, enhance raw material security, and improve cost competitiveness for its ferro alloys business, contributing to higher profitability.
Key Financial Metrics (Consolidated)
The company’s consolidated results show:
- Total Income: Q2 FY27 – ₹1,505 crore (down 5.7% YoY); H1 FY27 – ₹3,221 crore (down 2.6% YoY)
- EBITDA: Q2 FY27 – ₹564 crore (down 2.7% YoY); H1 FY27 – ₹1,326 crore (up 3.9% YoY)
- Profit After Tax: Q2 FY27 – ₹320 crore (down 2.2% YoY); H1 FY27 – ₹799 crore (up 4.5% YoY)
- Cash Profit: H1 FY27 – ₹1,225 crore
The energy sector remained the primary earnings contributor, accounting for over 75% of EBITDA in H1 FY27. The pellet plant also achieved a record-high half-yearly production of 4,29,059 MT.
Future Outlook
Mr. Pankaj Sarda, Managing Director, expressed optimism about the company’s performance and strategic direction. He highlighted the company’s focus on timely execution, improving asset utilization, and unlocking operational synergies to drive sustainable long-term growth. The expansion plans across energy and mining are on track, supported by a strong balance sheet and disciplined capital allocation.
Source: BSE
