Date: 1st August 2026
Financial Performance Summary
Sarda Energy & Minerals Limited reported unaudited financial results for the quarter ended 30th June, 2026 (Q1 FY27). The company achieved its highest-ever quarterly EBITDA and PAT despite temporary operational disruptions.
Key Financial Metrics (Consolidated, Rs. Crore)
| Particulars | Q1 FY27 | Q1 FY26 | YoY% | Q4 FY26 | QoQ% | FY26 | FY25 | YoY% |
| Total Income | 1,717 | 1,713 | 0.2% | 1,258 | 36.4% | 5,928 | 4,815 | 23.1% |
| EBITDA | 762 | 697 | 9.4% | 352 | 116.4% | 2,025 | 1,409 | 43.7% |
| Profit After Tax | 478 | 437 | 9.4% | 155 | 208.0% | 1,109 | 702 | 58% |
| Cash Profit* | 712 | 642 | 11.0% | 323 | 120.8% | 1,818 | 1,199 | 51.6% |
*Cash Profit is calculated as Profit After Tax + Deferred tax + Depreciation
Performance Analysis
Revenue and Profitability:
- Total Income remained nearly flat at Rs. 1,717 crore, showing minimal YoY growth of 0.2%
- Strong sequential growth of 36.4% from Q4 FY26's Rs. 1,258 crore
- EBITDA increased by 9.4% YoY to Rs. 762 crore
- PAT grew by 9.4% YoY to Rs. 478 crore, which includes a one-time net benefit of ₹110 crore relating to regulatory approval of final project cost for 113 MW Sikkim Hydropower Plant
- Cash Profit showed 11.0% YoY growth to Rs. 712 crore
Operational Context:
- Performance remained resilient despite temporary operational disruptions including planned maintenance activities, select unplanned outages, and seasonal factors
- Energy business contributed nearly 70% of consolidated EBITDA
- The company expects to return to normal operating trajectory from Q2 FY27
Strategic Outlook and Guidance
Balance Sheet Strength:
- Company maintains a net debt-free balance sheet
- Prudent capital allocation and healthy cash generation
Expansion Plans:
- Plans to quadruple mining capacity over the medium term
- Plans to double energy generation capacity over the medium term
- Building a diversified "Energy-plus-Minerals Platform" through continued investments in hydro, solar, thermal power plants and mining assets
Credit Rating:
- CRISIL 'AA– with a positive outlook' credit rating
Management Commentary
Mr. Pankaj Sarda, Managing Director, commented: "Q1 FY27 demonstrated the resilience of our integrated business model and disciplined execution. Despite temporary operational disruptions arising from planned maintenance activities, select unplanned outages and seasonal factors, we delivered a 9.4% YoY growth in consolidated EBITDA in Q1 FY27. The energy business continued to drive growth, contributing nearly 70% of consolidated EBITDA. We also reported our highest-ever quarterly PAT of Rs. 478 crore, partly supported by the tariff true-up relating to our 113 MW Sikkim hydropower plant.
Backed by a net debt-free balance sheet, prudent capital allocation and healthy cash generation, we are confident in our ability to scale our operations by quadrupling our mining capacity and doubling our energy generation capacity over the medium term.
With the temporary operational disruptions behind us, we expect to return to our normal operating trajectory from Q2 FY27 while continuing to focus on operational excellence and creating sustainable long-term value for all our stakeholders."
Company Overview
Sarda Energy & Minerals Limited (SEML), incorporated in 1973, is an integrated energy and minerals company with interests spanning power generation, mining, steel and ferro alloys. The Company operates thermal and hydro power plants with capacities totaling ~ 930 MW, iron ore and coal mines in Chhattisgarh, along with manufacturing facilities in Raipur and Vizag.