Sarda Energy & Minerals Limited (SEML) reports robust consolidated financial results for Q2 and H1 FY26. Revenue reached ₹3,161 crore for H1 FY26, a 52% increase YoY. Profit After Tax for H1 FY26 surged to ₹764 crore, marking a 90% rise. The energy segment remains a key growth driver, contributing significantly to revenue and EBIT. Metals segment shows resilience with stable volume growth.
Financial Performance Highlights
Sarda Energy & Minerals Limited (SEML) announced its consolidated and standalone financial results for the Second Quarter (Q2) and Half Year (H1) ended September 30, 2025, showcasing significant year-over-year growth.
Key Growth Drivers
The energy segment continues to be a major contributor, generating ₹892 crore in Q2 FY26 and ₹1,832 crore in H1 FY26, accounting for 51% of consolidated revenue. It also delivered ₹331 crore (Q2 FY26) and ₹759 crore (H1 FY26) in EBIT, representing 70% and 72% of consolidated EBIT, respectively.
The metals segment demonstrated steady performance despite lower realizations, sustaining stable volume growth due to operational resilience.
Consolidated Financials
Key Figures (INR Cr)
| Particulars | Q2 FY26 | Q1 FY26 | Q2 FY25 | YoY | H1 FY26 | H1 FY25 | YoY |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,528 | 1,633 | 1,159 | 32% | 3,161 | 2,085 | 52% |
| EBITDA | 580 | 697 | 393 | 48% | 1,277 | 728 | 75% |
| Profit After Tax | 328 | 437 | 204 | 61% | 764 | 402 | 90% |
| Cash Profit | 516 | 642 | 385 | 34% | 1,158 | 631 | 84% |
*Cash Profit is calculated as Profit After Tax + Deferred tax + Depreciation
Standalone Financials
Key Figures (INR Cr)
| Particulars | Q2 FY26 | Q1 FY26 | Q2 FY25 | YoY | H1 FY26 | H1 FY25 | YoY |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,092 | 1,307 | 763 | 43% | 2,399 | 1,424 | 68% |
| EBITDA | 401 | 596 | 230 | 74% | 997 | 485 | 105% |
| Profit After Tax | 240 | 386 | 123 | 95% | 626 | 304 | 106% |
| Cash Profit | 367 | 561 | 265 | 39% | 928 | 463 | 101% |
*Cash Profit is calculated as Profit After Tax + Deferred tax + Depreciation
Production and Sales Performance
The company provided details regarding production and sales across various product segments.
Source: BSE
Products
UOM
Q2FY26
Q1FY26
Q2FY25
YoY
H1FY26
H1FY25
YoY %
Iron Ore Pellet
‘000 MT
195
230
214
-9%
425
425
0.01%
Sponge Iron
‘000 MT
87
84
82
6%
171
162
5%
Steel Billet
‘000 MT
57
54
58
-1%
111
104
7%
Wire Rod
‘000 MT
44
42
49
-10%
86
89
-3%
H.B Wire
‘000 MT
9
10
9
4%
19
18
6%
Ferro Alloys
‘000 MT
51
51
48
6%
102
95
7%
Power (Thermal)
Mn KwH
1130
1182
216
422%
2312
216
969%
Power (Hydro)
Mn KwH
362
120
277
31%
482
365
32%
Coal
‘000 MT
919
864
508
81%
1,782
1,278
39%
Sales (Consolidated)
Products
UOM
Q2FY26
Q1FY26
Q2FY25
YoY
H1FY26
H1FY25
YoY %
Iron Ore Pellet
‘000 MT
115
140
132
-13%
254
260
-2%
Sponge Iron
‘000 MT
33
32
25
33%
65
60
8%
Steel Billet
‘000 MT
12
11
7
62%
23
12
86%
Wire Rod
‘000 MT
32
33
40
-18%
65
71
-8%
H.B Wire
‘000 MT
8
10
8
2%
18
17
4%
Ferro Alloys
‘000 MT
49
48
46
9%
98
91
7%
Power (Thermal)
Mn KwH
1016
1067
190
435%
2083
190
997%
Power (Hydro)
Mn KwH
356
113
261
37%
469
342
37%
