Sarda Energy & Minerals Ltd submitted an investor presentation for Q1 FY27 results to BSE Ltd and National Stock Exchange of India Ltd pursuant to Regulation 30(6) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The presentation was dated August 2026 and signed by Padam Kumar Jain, Authorised Signatory, on 3rd August 2026.

Production Performance

Q1 FY27 production was impacted by multiple operational disruptions:

  • Iron Ore Pellet: 2,24,097 MT (-3% YoY, +27% QoQ)
  • Sponge Iron: 76,712 MT (-9% YoY, -16% QoQ)
  • Steel Billet: 19,079 MT (-65% YoY, -58% QoQ)
  • Wire Rod: 13,075 MT (-69% YoY, -65% QoQ)
  • H.B Wire: 10,724 MT (+12% YoY, -10% QoQ)
  • Ferro Alloys: 41,648 MT (-18% YoY, -6% QoQ)
  • Thermal Power (captive): 265 Mn kWh (-25% YoY, -6% QoQ)
  • Thermal Power (IPP): 1,126 Mn kWh (-5% YoY, +17% QoQ)
  • Hydro Power: 119 Mn kWh (-1% YoY, +179% QoQ)
  • Iron Ore: 40,040 MT (-12% YoY, +14% QoQ)
  • Coal Domestic: 3,33,792 MT (-28% YoY, -9% QoQ)
  • Coal Indonesia: 3,03,619 MT (-25% YoY, -24% QoQ)

Operational disruptions included:

  • 113 MW Sikkim hydropower plant shutdown due to transmission tower collapse from 18.06.2026 to 05.07.2026
  • Shutdown of one unit of 30 MW captive power plant since 01.12.2025 for replacement
  • One Ferro Alloys Furnace at Siltara under shutdown for 53 days for refurbishment
  • Captive power plant at Vizag under maintenance shutdown for 23 days

Sales Performance

Q1 FY27 sales figures:

  • Iron Ore Pellet: 1,16,983 MT (-16% YoY, +58% QoQ)
  • Sponge Iron: 63,701 MT (+101% YoY, +45% QoQ)
  • Steel Billet: 6,040 MT (-45% YoY, -15% QoQ)
  • Wire Rod: 4,162 MT (-87% YoY, -83% QoQ)
  • H.B Wire: 10,819 MT (+12% YoY, -8% QoQ)
  • Ferro Alloys: 42,274 MT (-13% YoY, -3% QoQ)
  • Thermal Power (captive): 31 Mn kWh (-6% YoY, +117% QoQ)
  • Thermal Power (IPP): 1,021 Mn kWh (-4% YoY, +17% QoQ)
  • Hydro Power: 116 Mn kWh (+3% YoY, +183% QoQ)
  • Coal Domestic: 37,412 MT (+39% YoY, +345% QoQ)
  • Coal Indonesia: 2,77,003 MT (-29% YoY, -37% QoQ)

Financial Performance - Consolidated

Q1 FY27 Consolidated Financials:

  • Revenue from Operations: Rs 1,608 crore
  • Other Income: Rs 108 crore
  • Total Income: Rs 1,717 crore (+0.2% YoY, +36.4% QoQ)
  • Raw Material: Rs 669 crore
  • Employee Expenses: Rs 58 crore
  • Other Operating Expenses: Rs 227 crore
  • EBITDA: Rs 762 crore (+9.4% YoY, +116.4% QoQ)
  • EBITDA Margin: 44.4% (vs 40.7% in Q1 FY26)
  • Depreciation: Rs 89 crore
  • Finance Cost: Rs 58 crore
  • Profit Before Tax: Rs 615 crore (+11.2% YoY, +191.9% QoQ)
  • Current Tax: Rs 6 crore
  • Deferred Tax: Rs 146 crore
  • Share of P/L of Associates and JV: Rs 15 crore
  • Profit After Tax: Rs 478 crore (+9.4% YoY, +208.0% QoQ)
  • PAT Margin: 27.8% (vs 25.5% in Q1 FY26)
  • EPS: Rs 13 (vs Rs 12.33 in Q1 FY26)
  • Cash Profit: Rs 712 crore

Q1 FY27 Net Profit includes a one-time net benefit worth Rs. 110 crore relating to the regulatory approval of final project cost for 113 MW Sikkim Hydropower Plant.

Financial Performance - Standalone

Q1 FY27 Standalone Financials:

  • Revenue from Operations: Rs 1,163 crore
  • Other Income: Rs 70 crore
  • Total Income: Rs 1,233 crore (-10.5% YoY, +21.6% QoQ)
  • Raw Material: Rs 551 crore
  • Employee Expenses: Rs 44 crore
  • Other Operating Expenses: Rs 126 crore
  • EBITDA: Rs 512 crore (-14.1% YoY, +70.2% QoQ)
  • EBITDA Margin: 41.5% (vs 43.3% in Q1 FY26)
  • Depreciation: Rs 55 crore
  • Finance Cost: Rs 33 crore
  • Profit Before Tax: Rs 424 crore (-17.0% YoY, +96.0% QoQ)
  • Current Tax: Rs 0 crore
  • Deferred Tax: Rs 106 crore
  • Profit After Tax: Rs 319 crore (-17.5% YoY, +99.2% QoQ)
  • PAT Margin: 25.8% (vs 28.0% in Q1 FY26)
  • EPS: Rs 9.04 (vs Rs 10.96 in Q1 FY26)
  • Cash Profit: Rs 479 crore

Credit Ratings

As of the latest reaffirmations:

  • Chhattisgarh Hydro Power LLP: ICRA A+ / Stable (reaffirmed Dec-2025)
  • Madhya Bharat Power Corporation: CRISIL A / Positive / A1 (reaffirmed Nov-2025)
  • SEML: CRISIL AA- / Positive / A1+ (reaffirmed Nov-2025)

Strategic Direction

The company plans to double energy capacity and quadruple mining capacity by FY30, targeting a 2X EBITDA growth over the medium term. The strategy is aligned with India's manufacturing push, energy security focus, and government initiatives in coal gasification. The National Electricity Plan envisages total installed power capacity reaching approximately 900 GW by FY32.

Business Overview

Energy Business:

  • Contributes approximately two-thirds of consolidated EBITDA
  • 380+ MW of generation capacity secured through long term and medium term PPAs as of Mar'26
  • Thermal Power Assets: 761.5 MW across Binjkot, Chhattisgarh (2x300 MW), Siltara, Chhattisgarh (81.5 MW), and Visakhapatnam (80 MW)
  • Hydro Power Assets: ~167 MW across Uttarakhand (4.8 MW), Chhattisgarh (24 MW + 24.9 MW), and Sikkim (113 MW)
  • Plans to double capacity at Binjkot (IPP; 4x300 MW approval process underway)

Minerals Business:

  • Iron Ore Mine: Rajnandgaon, Chhattisgarh (1.50 MTPA capacity, commissioned 2004)
  • Coal Mine: Gare Palma IV/7, Chhattisgarh (1.80 MTPA capacity, commissioned 2021)
  • PT. Tigadaya Minergy, Indonesia (49% Ownership, 0.90 MTPA capacity, commissioned 2024)
  • Coal Washery: Raigarh, Chhattisgarh (1.80 MTPA capacity, commissioned 2021)
  • Upcoming capacities: Iron Ore Mine in Surjagad, Maharashtra (Block 1 composite license executed May-25), and coal mines including Shahpur West (0.60 MTPA), Senduri (0.60 MTPA), Gare Palma IV/5 (2.00 MTPA), Bartunga (2.10 MTPA)

Metals Business:

  • Fully-integrated operations with current capacities:
  • Pellets: 9,00,000 MT
  • Sponge Iron: 3,60,000 MT
  • Billets: 3,00,000 MT
  • Wire Rods: 2,50,000 MT
  • H.B Wires: 45,000 MT
  • Ferro Alloys: 147 MVA (45 MVA in Chhattisgarh + 102 MVA in Visakhapatnam)
  • Approval received to increase pellet production capacity to 2MT
  • Q1 FY27 Average Realizations:
  • Pellets: Rs 10,100/MT
  • Sponge Iron: Rs 25,408/MT
  • Billets: Rs 40,047/MT
  • Wire Rods: Rs 45,654/MT
  • H.B Wires: Rs 47,383/MT
  • Ferro Alloys: Rs 76,942/MT (FeMn), Rs 79,215/MT (SiMn)

Corporate Governance

Board of Directors includes:

  • Chairman: Mechanical Engineer with 49 years experience
  • Managing Director: Pankaj Sarda, M.S. in Industrial Engineering with over 22 years of experience
  • Director & CFO: Padam Kumar Jain, CA, CS with 39 years experience
  • Independent Directors: Binoy Parikh (CA), Rajeev Sharma (Former CMD, Power Finance Corporation), Tripti Sinha (Former MD, Chhattisgarh State Power Transmission), Amal Kumar Debnath (Former CMD, Central Mine Planning and Design Institute), Upendra Prasad Singh (Retd IAS officer)
  • Non-Independent Non-Executive Director: Anant Sarda, B.Sc Engineering and MBA with 10 years experience

Corporate Social Responsibility

  • Awarded Appreciation Award for Best Company in Safety category in Eastern Region
  • Zero Incident Rate achieved in Q1 FY27
  • Support to NGOs including "Pariwar", "Antariksha Sangwari Kendra", "Akhil Bhartiya Viklang Chetana Parishad"
  • Focus on Education, Health, Infrastructure, Livelihood and Arts, Culture & Sports
  • Support to almost 3000 farming families for generating alternative source of income

Historical Financials

Consolidated P&L (Rs. Cr):

  • FY26: Total Income 5,928, EBITDA 2,025, PAT 1,109
  • FY25: Total Income 4,815, EBITDA 1,409, PAT 702
  • FY24: Total Income 4,052, EBITDA 982, PAT 524
  • FY23: Total Income 4,261, EBITDA 1,110, PAT 604
  • FY22: Total Income 3,964, EBITDA 1,406, PAT 807

Consolidated Balance Sheet (Rs. Cr as of Mar-26):

  • Share Capital: 35
  • Tangible Networth: 7,335
  • Minority Interest: 106
  • Long Term Borrowings: 2,134
  • Short Term Borrowings: 460
  • Other Liabilities: 1,299
  • Total Liabilities: 11,370
  • Net Fixed Asset: 6,109
  • CWIP: 462
  • Investment: 1,645
  • Cash & Cash Equivalents: 864
  • Other Assets: 2,289

Consolidated Cash Flow (Rs. Cr for FY26):

  • Cash from Operating Activity: 1,735
  • Cash from Investing Activity: (1,166)
  • Cash from Financing Activity: (519)
  • Net Cash Flow: 50

Capital Market Information (as on 31st July 2026)

  • BSE/NSE Code: 504614/SARDAEN
  • CMP (Rs): 514.7
  • Market Cap (Rs. Cr): 18,118
  • Shares (Cr): 35.2
  • Face Value (Rs): 1.00
  • Highest Ever Dividend in FY26 (Rs. per share) declared

Shareholding Pattern (as on 30-Jun-2026)

Details provided in the presentation but not specified in the text.

Outlook

With temporary operational disruptions behind, the company expects to return to normal operating trajectory from Q2 FY27 while focusing on operational excellence and creating sustainable long-term value.