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SMIORE kicked off Q1FY27 with a strong showing. Manganese ore sales nearly doubled (+99% YoY), and iron ore production jumped 27% YoY. The Steel segment (Arjas Steel) also posted solid growth, with production up 10% and sales up 9% YoY. Ferroalloys sales surged 162% YoY, with realizations improving across mining and ferroalloys.
Strategically, the company is advancing its integration from mining to metals. Key initiatives include a new ₹285 Cr Beneficiation Plant to enhance iron ore quality, and the Downhill Conveyor System, expected to go live in Q2FY27 for efficient ore transport. They're also reigniting coke oven batteries to boost energy generation.
Financially, consolidated total income for the quarter rose 21% YoY to ₹1,390 Cr. EBITDA increased 14% YoY to ₹358 Cr, and PAT jumped 36% YoY to ₹228 Cr. The new 'Royal Sandur Group' brand reflects management's outlook for unified growth and diversification into sectors like hospitality, education, and potentially medical devices.