Event Type: Q2 & H1 FY27 Earnings Conference Call hosted by Elara Securities India Private Limited

Date and Time: Conducted on 2nd November 2026. Specific time not mentioned in transcript.

Purpose: Discussion of Q2 and H1 FY27 financial results and operational performance.

Management Participants:

  • Mr. Pankaj Sarda – Managing Director
  • Mr. Padam Kumar Jain – Director and Chief Financial Officer
  • Mr. Manish Sarda – Deputy Chairman – Sarda Metals & Alloys Limited
  • Mr. Nilay Joshi – Executive Director

Financial Highlights Disclosed:

  • H1 FY27 EBITDA: INR1,326 crores (up ~4% YoY)
  • H1 FY27 PAT: INR799 crores (up ~5% YoY)
  • H1 FY27 Total Income: INR3,221 crores
  • H1 FY27 Cash Profit: INR1,225 crores
  • Q2 FY27 EBITDA: INR564 crores
  • Q2 FY27 PAT: INR320 crores
  • Q2 FY27 Total Income: INR1,505 crores
  • Liquidity position as of 30th September 2026: Exceeding INR2,600 crores

Operational Highlights:

  • Highest ever half-yearly pellet output: 4,29,059 tons at Raipur
  • Entry into manganese ore mining: Secured preferred bidder status for Avagudem manganese block in Andhra Pradesh (4,50,000 tons extractable reserves)
  • Expected cost savings from manganese mine: INR200-400 per ton
  • 3 MW turbogenerator at Raipur commenced operations in August 2026
  • 600 MW thermal power plant: Completed 47-day maintenance shutdown of one 300 MW unit during quarter
  • Hydropower operations: Strong performance despite 18-day shutdown of 113 MW Sikkim plant (18th June to 5th July)

Expansion Plans Update:

  • Thermal power: MoEFCC approved ToR for expansion from 600 MW to 1,200 MW
  • Environmental clearance expected within current financial year
  • 3 small hydropower projects in Chhattisgarh (74 MW aggregate capacity): Approval process progressing
  • 50 MW captive solar project: Expected commissioning next quarter (subject to right-of-way resolution)
  • 66 MW hydropower project in Arunachal Pradesh: Key approvals in place, land acquisition completed
  • Coal mines: Shahpur West (commissioning targeted before end of FY27), Bartunga Hill (expected by end of FY28), Gare Palma IV/5 and Senduri blocks progressing

Compliance Statement: The transcript was submitted to exchanges and hosted on company website (www.seml.co.in). No specific UPSI statement mentioned.

Additional Notes Section

Attachments: The submission includes the full transcript of the earnings call.

Financial Data: Extensive financial and operational data was disclosed during the call, including specific revenue figures, production numbers, and expansion project details.

Market Context: Management discussed industry environment including India's power generation growth (11% YoY to 536 billion units), peak power demand (18% increase to 270 GW), steel market conditions, and logistics cost pressures due to high crude prices.

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