• The document is a transcript of the Q1 FY27 Earnings Conference Call conducted on August 3, 2026, which included a management presentation followed by a question-and-answer session with analysts.
  • Management Participants: The call featured Mr. Pankaj Sarda (Managing Director), Mr. Manish Sarda (Deputy Managing Director - Sarda Metals & Alloys Limited), Mr. Padam Kumar Jain (Director and Chief Financial Officer), and Mr. Nilay Joshi (Executive Director). The conference was moderated by Mr. Parth Chauhan from Adfactors PR.
  • Financial Performance: Q1 FY27 total income stood at INR 1,717 crores, EBITDA at INR 762 crores, and PAT at INR 478 crores (9.4% YoY growth). The net profit included a one-time net benefit of INR 110 crores, mainly relating to regulatory approval of the final project cost for the 113-megawatt Sikkim hydropower plant. This benefit added INR 162.64 crores to revenue and approximately INR 18 crores to other income (interest component).
  • Operational Highlights: The energy business contributed nearly 70% of consolidated EBITDA. The company has secured medium and long-term power supply agreements for over 380 megawatts out of 710-megawatt saleable power capacity. The 600-megawatt thermal power plant operated at an average PLF of 85.9%. Hydropower generation was affected by delayed monsoon conditions. The 113-megawatt Sikkim project was shut from June 18 to July 5 due to transmission tower collapse but has resumed normal operations.
  • Expansion Updates:
  • Thermal power capacity expansion from 600MW to 1,200MW is progressing with environmental clearance expected in 6-8 months after TOR submission
  • 74MW small hydro projects in Chhattisgarh approval process ongoing
  • 50MW captive solar project commissioning delayed due to right-of-way issues, expected before end of Q3 FY27
  • 66MW hydropower project in Arunachal Pradesh - most approvals complete, work on approach road started
  • Shahpur West coal mine development on schedule with commissioning targeted before end of FY27
  • Bartunga Hill coal mine expected to open by end of FY28
  • Investing approximately INR 300 crores in sustainability projects including waste heat recovery plant
  • Balance Sheet: The company is net debt-free on both standalone and consolidated basis with strong liquidity of over INR 2,500 crores as of June 30, 2026. All expansion projects are funded through internal accruals.
  • Industry Outlook: Management discussed India's power generation growth of 9.4% YoY, stable power prices (INR 3.85/unit in Q1), and government initiatives driving manufacturing growth. Steel production grew 7.5% while facing import pressures. Geopolitical tensions in West Asia were noted as creating supply chain disruptions and inflationary pressures.
  • Compliance: The company indicated that the investor presentation had been uploaded on stock exchanges and company website (www.seml.co.in). Forward-looking statements were accompanied by appropriate risk disclosures.

Additional Notes Section

  • The document includes the full transcript of the earnings call with detailed Q&A session covering power realizations, project timelines, operational metrics, and growth outlook.
  • The transcript contains extensive financial and operational data including specific figures for revenue, EBITDA, PAT, power generation metrics, project costs, and capacity utilization rates.