The Board of Directors of The Sandur Manganese & Iron Ores Limited at its 386th meeting held on 6 August 2026 (commencing at 11:30 AM and concluding at 3:55 PM) approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026. The results were reviewed and recommended by the Audit Committee and include Limited Review Reports issued by the statutory auditor, M/s. Deloitte Haskins & Sells (FRN: 008072S).

Standalone Financial Performance (₹ in lakh)

Income Statement:

  • Revenue from operations: ₹54,031 (Q1 FY27) vs ₹42,272 (Q1 FY26) vs ₹66,817 (Q4 FY26)
  • Other income: ₹1,329 (Q1 FY27) vs ₹1,203 (Q1 FY26) vs ₹1,836 (Q4 FY26)
  • Total income: ₹55,360 (Q1 FY27) vs ₹43,475 (Q1 FY26) vs ₹68,653 (Q4 FY26)
  • Total expenses: ₹33,899 (Q1 FY27) vs ₹26,209 (Q1 FY26) vs ₹42,862 (Q4 FY26)
  • Profit before tax: ₹21,461 (Q1 FY27) vs ₹17,266 (Q1 FY26) vs ₹25,791 (Q4 FY26)
  • Tax expense: ₹5,342 (Q1 FY27) vs ₹4,391 (Q1 FY26) vs ₹6,165 (Q4 FY26)
  • Profit for the period: ₹16,119 (Q1 FY27) vs ₹12,875 (Q1 FY26) vs ₹19,626 (Q4 FY26)
  • Earnings per share (₹): 3.32 (Q1 FY27) vs 2.65 (Q1 FY26) vs 4.04 (Q4 FY26)

Segment Performance (Standalone):

  • Mining revenue: ₹41,985; Segment result: ₹20,971
  • Ferroalloys revenue: ₹11,601; Segment result: ₹620
  • Coke and energy revenue: ₹4,805; Segment result: ₹1,713
  • Total segment results: ₹23,304
  • Finance costs: ₹791
  • Other unallocable expenditure: ₹1,052

Consolidated Financial Performance (₹ in lakh)

Income Statement:

  • Revenue from operations: ₹1,37,478 (Q1 FY27) vs ₹1,13,538 (Q1 FY26) vs ₹1,51,139 (Q4 FY26)
  • Other income: ₹1,474 (Q1 FY27) vs ₹1,478 (Q1 FY26) vs ₹1,950 (Q4 FY26)
  • Total income: ₹1,38,952 (Q1 FY27) vs ₹1,15,016 (Q1 FY26) vs ₹1,53,089 (Q4 FY26)
  • Total expenses: ₹1,10,845 (Q1 FY27) vs ₹94,080 (Q1 FY26) vs ₹1,23,400 (Q4 FY26)
  • Profit before tax: ₹28,107 (Q1 FY27) vs ₹20,936 (Q1 FY26) vs ₹29,689 (Q4 FY26)
  • Tax expense: ₹5,217 (Q1 FY27) vs ₹4,228 (Q1 FY26) vs ₹6,040 (Q4 FY26)
  • Profit before share of loss of associate: ₹22,890 (Q1 FY27) vs ₹16,708 (Q1 FY26) vs ₹23,649 (Q4 FY26)
  • Share of loss of associate: ₹105 (Q1 FY27) vs ₹0 (Q1 FY26) vs ₹21 (Q4 FY26)
  • Net profit after taxes: ₹22,785 (Q1 FY27) vs ₹16,709 (Q1 FY26) vs ₹23,628 (Q4 FY26)
  • Earnings per share (₹): 4.67 (Q1 FY27) vs 3.43 (Q1 FY26) vs 4.85 (Q4 FY26)

Segment Performance (Consolidated):

  • Mining revenue: Not specified; Segment result: ₹21,520
  • Ferroalloys revenue: Not specified; Segment result: ₹620
  • Coke and energy revenue: Not specified; Segment result: ₹1,146
  • Steel revenue: ₹85,944; Segment result: ₹8,484
  • Total segment results: ₹31,770
  • Finance costs: ₹2,611 (including ₹1,620 pertaining to steel segment)
  • Other unallocable expenditure: ₹1,157

Capital Structure

  • Paid-up equity share capital: ₹48,610 lakh (Face value ₹10 each)
  • Other equity (standalone): ₹2,62,241
  • Other equity (consolidated): ₹2,76,758

Significant Events and Notes

1. Bonus Issue Implementation: During FY26, the Company issued 2 bonus shares for every 1 equity share held as on record date 22 September 2025. Accordingly, 32,40,69,876 equity shares of ₹10 each were allotted on 23 September 2025. Earnings per share for comparative periods have been restated.

2. Forest Lease Matter: During the quarter, the Hon'ble High Court of Karnataka dismissed the Company's Writ Petition (filed to set aside communication dated 20 June 2025 from Deputy Conservator of Forest demanding compensatory afforestation charges of ₹13,125 lakh and 714.9 hectare land for forest lease extension beyond December 2026). The Company's Special Leave Petition to the Supreme Court was also dismissed on 21 May 2026.

On 1 June 2026, the Company filed a review petition before the Hon'ble High Court of Karnataka, which is currently under scrutiny.

On 4 June 2026, the Company received a revised demand notice from DCF for compensatory afforestation charges amounting to ₹13,905 lakh and 714.9 hectare area of land. The Company is taking necessary steps to comply with the communication.

3. Exceptional Items: For year ended 31 March 2026, the Company recorded exceptional items of ₹1,889 lakh (standalone) and ₹3,227 lakh (consolidated) due to implementation of new Labour Codes, representing increased gratuity liability and compensated absences arising from past service cost.

4. Auditor's Review: Deloitte Haskins & Sells issued limited review reports for both standalone and consolidated results, stating nothing has come to their attention that causes them to believe the statements contain material misstatements.

5. Consolidated Entities: The consolidated results include subsidiaries Aria Steel Private Limited, Arja Modern Steel Private Limited, and associate Re New Sandur Green Energy Private Limited.

The financial results have been prepared in accordance with Ind AS 34 and comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.