Sandur Manganese & Iron Ores Limited — PPTs, 13-11-2024: Investor Presentation

**Financial Highlights:**

For H1FY25, total income stood at ₹910 Crore, reflecting a 56% year-on-year increase, while EBITDA rose by 110% to ₹276 Crore. PAT surged by 170% to ₹178 Crore. However, Q2FY25 results showed a total income of ₹285 Crore, down 54% quarter-on-quarter, with EBITDA at ₹62 Crore and PAT at ₹32 Crore, both experiencing significant contractions compared to the previous quarter.

**Strategic Initiatives and Growth Drivers:**

SMIORE successfully completed the strategic acquisition of Arjas Steel Private Limited, enhancing its positioning in the steel sector. The acquisition, valued at around ₹3,000 Crore, integrates a robust manufacturing capacity and a strong customer base. Operational integration efforts are now underway, leveraging synergies to bolster growth.

**Business Developments:**

The company received enhancements for manganese and iron ore production capacities, bolstering their mining operations. Manganese ore production capacity increased to 0.582 MTPA, while iron ore production received an incremental environmental clearance of 0.216 MTPA.

**Market Position and Competitive Advantage:**

As the 3rd largest manganese ore miner in India, SMIORE maintains strong market influence with a focus on sustainable mining practices and a diversified portfolio. Its commitment to operational efficiency and expansion positions it favorably against market fluctuations.

**Investor Implications:**

With a robust balance sheet and significant growth in total income and profit margins over the past year, SMIORE shows promising potential for future growth, particularly with operational ramp-ups and the integration of Arjas. Investors should closely monitor the ongoing developments and market trends that may impact performance.