Sarda Energy & Minerals Limited — PPTs, 27-05-2025: Investor Presentation

1. Financial Highlights:

Sarda Energy & Minerals posted consolidated revenue of Rs 4,643 Cr, up 20% YoY, with Q4 revenue at Rs 1,239 Cr (+39% YoY). EBITDA rose 44% YoY to Rs 1,410 Cr (margin 29.3%), while Q4 margin was 24.7%. PAT increased 34% YoY to Rs 702 Cr, and cash profit jumped 69% YoY to Rs 1,199 Cr. Energy segment’s EBIT share expanded notably, reflecting acquisition benefits. The balance sheet shows a strong net worth of Rs 6,251 Cr and moderate net debt of Rs 1,566 Cr, supported by healthy cash flows and a conservative capital structure.

2. Strategic Initiatives & Growth Drivers:

Rehar hydro project (24.9 MW) is now commercial, while a 50 MW solar plant is being developed for captive use to cut energy costs and emissions. Coal mine capacity at Gare Palma IV/7 increased to 1.68 MTPA, targeting 5.20 MTPA in phases. Coal washery capacity is being expanded alongside ongoing renewable energy diversification. Acquisition of SKS Power’s 2x300 MW thermal capacity boosts power generation scale and captive coal integration.

3. Business Developments:

Acquisition and amalgamation of SKS Power added 600 MW thermal capacity. The Mineral Fibre Project commenced production in March 2025, enhancing metals diversification. Hydropower portfolio stabilized with several plants commissioned or under trial, supporting steady cash flows via long-term PPAs.

4. Market Position & Competitive Advantage:

SEML’s vertical integration—from mines to power to steel and ferroalloys—drives cost control and product diversification. Strategic asset proximity, like coal mines near power plants, improves operational efficiency. Increasing contribution from stable energy assets balances the metals segment cyclicality, strengthening resilience and competitive stance.

5. Investor Implications:

Diversified asset base and rising captive energy consumption offer positive growth potential. Robust financials and controlled leverage underpin steady cash flow generation. Execution risks on expansion and post-SKS integration remain key watchpoints. Investors should track operational ramp-up of energy assets and steel demand trends for margin support.