Sandur Manganese & Iron Ores Limited announced its Board has approved the early redemption of outstanding 11% secured, listed, redeemable Non-Convertible Debentures (NCDs) totaling ₹423 Crore, subject to necessary approvals. The decision aligns with favorable cash flows and robust business performance. The Board also reviewed and approved the unaudited financial results for Q3 FY26, demonstrating solid operational performance.
Early Debenture Redemption
The Board of Directors has given the green light for the early redemption of outstanding 11% secured, listed, redeemable, rupee denominated, Non-Convertible Debentures (NCDs) with a face value of ₹94,000 each. The total aggregate value of the NCDs being redeemed is ₹423,00,00,000 (Rupees Four Hundred Twenty-Three Crore only), bearing ISIN ‘INE149K07013’. The original final redemption date for these NCDs was September 30, 2031. This decision is based on the Company’s strong financial position.
Financial Performance: Standalone Results
The standalone unaudited financial results for Q3 FY26 show the following highlights:
- Total Income: ₹50.73 Crore
- Profit before tax: ₹13.91 Crore
- Profit after tax: ₹10.78 Crore
- Earnings per share: ₹2.22
Financial Performance: Consolidated Results
The consolidated unaudited financial results for Q3 FY26 reveal:
- Total Income: ₹123.71 Crore
- Profit before tax: ₹14.65 Crore
- Net Profit after taxes and share of profit/ (loss) of associate for the period/ year (IX + X): ₹11.58 Crore
- Earnings per share: ₹2.38
Segment Performance
Segment-wise revenue details for Q3 FY26 are as follows:
- Mining: ₹37.54 Crore
- Ferroalloys: ₹11.75 Crore
- Coke and Energy: ₹3.57 Crore
- Steel: ₹74.05 Crore
The Mining segment contributed significantly to overall revenue, emphasizing its strategic importance.
Exceptional Items
The company reported exceptional items during the quarter due to the impact of new labor codes impacting employee benefits. An increase of ₹18.89 million was reported as a one time impact due to increase in gratuity and leave liabilites.
Source: BSE
