Sarda Energy & Minerals Limited — Q2FY27 earnings call summary

Filed 07 November 2026 · Official transcript

H1 FY27 EBITDA reached INR1,326 Cr (+4% y-y) and PAT INR799 Cr (+5%) on total income INR3,221 Cr
600 MW thermal plant maintenance completed; expansion to 1,200 MW approved, clearance expected FY27
Hydropower faced shutdowns but remains key; 50 MW solar project commissioning next quarter
No major shutdowns expected in H2 FY27; full-year thermal generation to exceed last year
Thermal power realization INR5.30/unit Q2; hydro >INR6/unit; 60% thermal capacity tied up
Pellet production at Raipur highest ever H1 at 429,059 tons; steel segment buoyant despite logistics cost pressures
Energy contributes >75% of H1 EBITDA; net debt-free with INR2,600 Cr liquidity
Entry into manganese ore mining with Avagudem block; operations in 12-14 months, saving INR200-400/ton