Sarda Energy & Minerals reported strong Q3 and 9M FY2026 results. 9M FY26 consolidated PAT increased by 59% to Rs. 954 Cr, with revenue up 32% to Rs. 4,669 Cr and EBITDA rising 53% to Rs. 1,672 Cr. Q3 FY26 EBITDA rose 7% YoY to Rs. 395 Cr. The company signed two new PPAs, improving medium-term revenue visibility.
Financial Performance Highlights
Sarda Energy & Minerals Limited (SEML) announced unaudited financial results for Q3 and the nine months ended December 31, 2025, demonstrating robust performance across its integrated energy and minerals platform. The key highlights include:
- Revenue Growth: Consolidated revenue for the nine months ended December 31, 2025, grew by 32% YoY to Rs. 4,669 Cr.
- Profitability Surge: Consolidated Profit After Tax (PAT) for 9M FY26 increased by 59% to Rs. 954 Cr.
- EBITDA Improvement: EBITDA for 9M FY26 saw a significant rise of 53% YoY, reaching Rs. 1,672 Cr.
- Q3 Performance: Despite seasonality, Q3 FY26 consolidated EBITDA increased by 7% YoY to Rs. 395 Cr.
Segmental Performance & Strategic Developments
The company’s performance was supported by stable energy operations and contributions from its minerals business. Key developments include:
- New PPAs: Two new Power Purchase Agreements (PPAs) were signed during the quarter, enhancing medium-term revenue visibility.
- Thermal Power: The energy segment continued contributing significantly to profitability, despite planned maintenance.
- Mining: Mining operations remained steady, supporting internal requirements.
- Metals & Alloys: Metals and alloys operations demonstrated stability with volume resilience.
Management Commentary
Mr. Pankaj Sarda, Managing Director, commented on the results, stating that the company delivered steady operational performance, reflecting the resilience of its diversified business model. He highlighted the consistent performance of the energy segment and the positive impact of the new PPAs. He also noted the constructive operating environment for the metal and mining sector, with underlying domestic demand drivers remaining intact.
Future Outlook
The company expects operating conditions to improve as seasonal factors ease, supported by normalization in power demand. Sarda Energy & Minerals is focused on advancing its strategic priorities across energy, mining, and metals, with investments in clean energy and operational efficiency. The company is also actively working towards greening its energy and metals portfolio and is well-positioned to capitalize on emerging opportunities in India’s evolving industrial landscape.
Source: BSE
