Standalone Financial Performance (Q1 FY27)

  • Revenue from Operations: ₹54,129 million, representing 127% YoY growth from ₹23,799 million in Q1 FY26
  • EBITDA: ₹21,202 million, with 172% YoY growth from ₹7,801 million in Q1 FY26
  • EBITDA Margin: 39.17%, expanding by 639 basis points YoY from 32.78%
  • Profit Before Tax: ₹20,081 million, up 162% YoY from ₹7,664 million
  • Profit After Tax: ₹15,269 million, up 141% YoY from ₹6,346 million
  • Other Income: ₹954 million, up 234% YoY
  • Depreciation: ₹1,003 million, up 261% YoY
  • Finance Costs: ₹1,072 million, up 639% YoY
  • Tax: ₹4,812 million, up 265% YoY

Operational Performance Highlights

Iron Ore Business:

  • Production volume: 6.05 MnT (53% YoY growth)
  • Sales volume: 5.46 MnT (58% YoY growth)
  • Realization per tonne: ₹6,068
  • EBITDA per tonne: ₹2,230
  • Current monthly run rate: ~2+ MnT

DRI & Power Business:

  • DRI Sales Volume: 183.92 kt (133% YoY growth)
  • DRI Realizations: ₹27,376 per tonne
  • DRI EBITDA per tonne: ₹6,273
  • Power volumes: up 87% YoY

Pellet Business:

  • Production: 1.69 MnT (achieved 100% capacity utilization within 4 months)
  • Realization per tonne: ₹11,783
  • EBITDA per tonne: ₹5,803
  • Second Pellet Plant commissioned in May 2026
  • Sales Mix: 75.3% domestic / 24.7% exports
  • Export markets: Kenya, South Korea, Indonesia, China

Capital Expenditure and Debt Position

  • Capex incurred during FY24-FY26: ₹1,35,130 million
  • Q1 FY27 Capex: ₹30,050 million
  • Net Debt as on 30.06.2026: ₹56,161 million

Gadchiroli Operations Update

  • Environmental Clearance enhanced from 10 MTPA to 55 MTPA (5.5x increase)
  • Green fleet deployment with electric, battery-operated, and LNG-hybrid mining equipment
  • 100-tonne diesel dumper converted to LNG-hybrid operation
  • 14 mobile crushers and 26 HEMM units mobilized for BHQ crushing operations
  • 10 EH5000 Ultra Class dump trucks in mobilization/assembly phase
  • 88 electric equipment units operational at mines, plus 20 at railway siding
  • Q1 production including BHQ: 12.83 million tonnes
  • Deployment of 240-tonne dumpers planned for large-scale excavation

Thriveni Earthmovers (TEIPL) Performance

  • Revenue: ₹26,719 million (63% YoY growth)
  • EBITDA: ₹6,581 million (145% YoY growth)
  • EBITDA Margin: 24.63% (827 bps improvement YoY)
  • Cash PAT: ₹4,468 million (145% YoY growth)
  • Cash PAT Margin: 16.72% (522 bps improvement YoY)
  • Net Debt: ₹58,205 million as of 30.06.2026

Operational Metrics (TEIPL):

  • Iron Ore (including BHQ): 19.09 MnT (Q1 FY27) vs 9.87 MnT (Q1 FY26)
  • Baryte (including OB): 2.14 Mn cubic meters
  • Coal (Indian operations): 26.02 Mn cubic meters
  • Coal (Overseas operations): 5.93 Mn cubic meters

Copper Business Update

  • Total Copper Produced: 2,754 tonnes
  • Total Income: ₹46.82 million
  • Total expenses: ₹49.45 million
  • EBITDA: (₹2.63) million loss
  • Surya Mines ramped to peak production of 775 tonnes in June 2026
  • Chemaf Oxide Plant (EP-1) shut down for care/maintenance/upgradation
  • Sulphide EP-2 plant upgradation in progress (expected April 2027)
  • 24,000 meters of RC drilling and 19,500 meters of diamond drilling completed

Consolidated Financial Performance

  • Revenue from Operations: ₹73,544 million (209% YoY growth)
  • EBITDA: ₹27,815 million (245% YoY growth)
  • EBITDA Margin: 37.82% (402 bps improvement YoY)
  • Profit Before Tax: ₹23,728 million (201% YoY growth)
  • Profit After Tax: ₹17,340 million (166% YoY growth)

Strategic Developments

  • Proposed investment in 66 MW wind and solar portfolio through SPVs
  • Chemaf Group projects (DRC) targeting 70,000 TPA Cu and 20,000 TPA Co (49% stake)
  • Copper production expected by Q1 FY28
  • Mining Lease commencement with ABG on 7 August 2026
  • 400+ people employed in projects with 1,200+ engaged across activities
  • Learning & Development Centre inaugurated with 300 cadets in training

Logistics and Cost Optimization

  • 85km slurry pipeline from Hedri to Konsari (10 MTPA capacity) already commissioned
  • New 171km slurry pipeline from Hedri to Chandrapur Stockyard (11 MTPA)
  • New 47km slurry pipeline from Chandrapur Stockyard to Ghugus (5 MTPA)
  • Cost savings: ₹800-1,000 per tonne from Hedri to Ghughus Plant
  • Additional ₹250 per tonne savings on external sales from Chandrapur Stockyard
  • Annual savings expected to surpass ₹2,000 crore as initiatives mature

ESG and Community Initiatives

  • Over ₹19.06 million invested in CSR activities in FY26
  • Contribution to exchequer: ₹52 billion
  • LRVN School, Hedri: Educational institution with hostel for 600 students
  • GD Goenka Lloyds Public School, Ghughus: CBSE course for 150+ kids
  • Gadchiroli Premier League 2025 organized with 7 teams
  • Industrial Lloyds Cup and 5KM Marathon events conducted
  • Attrition rates reduced to ~13% in FY26 from 24% in FY22
  • ESOPs offered to all employees across all ranks

Capital Market Information

  • Face Value: ₹1
  • Current Market Price: ₹1,810.40
  • 52 Week H/L: ₹1,858.80/₹1,073.60
  • Market Cap: ₹10,18,875.02 million
  • Equity Shares Outstanding: 562.79 million
  • 1 Year Avg. Trading Volume: 547,700