Sarda Energy & Minerals Limited — Updates, 08-02-2025: Press Release

Sarda Energy & Minerals Limited (SEML) reported strong financial performance for the third quarter and nine months ended December 31, 2024. Consolidated revenue from operations reached ₹1,319 Cr, up 14% quarter-on-quarter (QoQ) and 43% year-on-year (YoY), with a nine-month total of ₹3,404 Cr, reflecting a 14% increase YoY. Operating EBITDA rose by 15% QoQ to ₹381 Cr, and by 96% YoY, totaling ₹973 Cr for the nine months, a 52% YoY increase. However, profit before tax (PBT) decreased by 18% QoQ to ₹226 Cr, but was up 58% YoY, resulting in a nine-month PBT of ₹757 Cr, a 39% YoY rise. The standalone results showed revenues of ₹1,047 Cr for Q3, a 37% QoQ increase, and a 20% YoY increase to ₹2,471 Cr for the nine months.

Production highlights showed mixed results; iron ore pellet output saw a slight decline QoQ, while sponge iron production increased by 7%. Power generation from hydro plants rose 25% YoY, reflecting positive seasonal trends. SEML's acquisition of SKS Power Generation has positively impacted revenues, although production of certain segments faced challenges due to demand fluctuations. Overall, SEML's performance continues to highlight its growth trajectory amid operational challenges, warranting a watch closely for its evolving market dynamics.