Sarda Energy & Minerals (504614) Q1 26/27 earnings summary

Executive summary

• Achieved highest ever quarterly EBITDA and PAT in Q1 FY27, with total income of Rs. 1,717 crore and EBITDA of Rs. 762 crore, despite planned and unplanned outages and seasonal factors.

• Energy business contributed nearly 70% of consolidated EBITDA, providing stability and growth.

• Net debt-free on both standalone and consolidated basis, with liquidity exceeding INR 2,500 crore as of June 30, 2026.

• Board approved seeking shareholder consent to raise up to ₹1,000 crore via debt instruments.

• Record date for FY26 dividend set as 14 August 2026.

Financial highlights

• Q1 FY27 total income: INR 1,717 crore; EBITDA: INR 762 crore; PAT: INR 478 crore, up 9.4% YoY; consolidated EPS at ₹13.00.

• Net profit included a one-time net benefit of INR 110 crore from regulatory approval of Sikkim hydropower project.

• EBITDA margin improved to 44.4% from 40.7% YoY; PAT margin rose to 27.8% from 25.5%.

• Standalone revenue from operations was Rs. 1,163 crore, down 11% YoY; standalone PAT was Rs. 319 crore, down 17.5% YoY.

• Cash profit for Q1 FY27 was Rs. 712 crore, up 11% YoY.

Outlook and guidance

• Focus remains on disciplined execution of expansion pipeline and timely commissioning of projects.

• Board is seeking enabling consent for significant fund-raising, indicating plans for future investments or expansion.

• Plans to quadruple mining capacity and double energy generation capacity by FY30, targeting 2x EBITDA over the medium term.

• Over Rs. 10,000 crore capex planned for high-return energy and mining assets.

• No specific PAT or EBITDA guidance provided due to market volatility, but operational performance expected to improve.