Sarda Energy & Minerals Limited — Updates, 18-11-2024: Press Release

**Financial Highlights:** Sarda Energy & Minerals Limited (SEML) reported consolidated Q2FY25 revenue from operations of ₹1,159 Cr, up 25% quarter-on-quarter (QoQ) and 16% year-on-year (YoY). Operating EBITDA reached ₹332 Cr, reflecting a 27% QoQ increase and a significant 38% YoY rise. Profit Before Tax (PBT) increased by 9% QoQ to ₹276 Cr and 49% YoY, while Profit After Tax (PAT) grew 3% QoQ to ₹203 Cr, marking a 36% YoY increase. Standalone results showed a revenue of ₹763 Cr, up 15% QoQ and 18% YoY.

**Strategic Initiatives and Growth Drivers:** The recent acquisition of SKS Power Generation’s thermal power plant, contributing to a total of 761.5 MW thermal capacity, is poised to enhance operational synergy and revenue.

**Business Developments:** The integration of SKS Power’s results commenced from August 22, 2024, enhancing SEML's energy portfolio and potentially boosting revenue streams.

**Market Position and Competitive Advantage:** SEML maintains a strong position in Chhattisgarh's energy and minerals sector, supported by diversified operations that include iron ore and coal mining.

**Investor Implications:** The robust financial performance with strong EBITDA growth indicates a positive outlook. Investors should watch closely as the energy sector adapts to changes following SKS's operational integration, creating potential growth opportunities.