Q3 2026 Sarda Energy & Minerals Ltd Earnings Call Transcript
Key Points
- Sarda Energy & Minerals Ltd (BOM:504614) reported a robust operating performance for the 9-month period ended December 2025, with a focus on scaling the energy business and strengthening integration across mining.
- Hydropower generation increased by 28% year-on-year to 621 million units, supported by above-average monsoon conditions and the commissioning of the 24.9-megawatt Rehar hydropower project.
- The company signed a 40-year power purchase agreement with Chhattisgarh State Power Distribution Company Limited, providing long-term revenue visibility.
- Consolidated PAT for the 9-month period increased by 59% to INR954 crore, indicating strong financial performance.
- The balance sheet remains strong with negligible net gearing and net debt to EBITDA well below 1 times, and consolidated net debt significantly reduced from approximately INR1,500 crore to below INR500 crore as of December 2025.
- The third quarter was impacted by the annual maintenance shutdown of the IPP and a period of subdued metal and energy prices, affecting overall performance.
- Consolidated revenue for Q3 FY26 stood at INR1,360 crore, reflecting the impact of plant shutdowns and weaker price realizations.
- Steel production at Raipur was temporarily affected due to a shutdown in December.
- Approval processes for the Gare Palma IV/7, Bartunga, and Senduri coal mines are ongoing, indicating potential delays in expansion plans.
- The expansion of captive coal mine capacity from 1.8 million to 3 million tonnes is expected to take a minimum of two years due to necessary clearances, delaying potential output increases.
Ladies and gentlemen, good day, and welcome to the Sarda Energy & Minerals Limited Q3 and 9 Months FY26 earnings conference call hosted by Adfactors PR. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Manasi Bodas from Adfactors PR. Thank you, and over to you, ma'am.
Good evening, everyone, and thank you for joining us today to discuss Q3 and 9-month FY26 business performance of SEML. We have with us Mr. Pankaj Sarda, Managing Director; Mr. Manish Sarda, Deputy Managing Director; Mr. Padam Kumar Jain, Director and Chief Financial Officer; and Mr. Nilay Joshi, Executive Director.
Before we proceed with this call, I would like to mention that some of the statements made in this call may be forward-looking in nature and may involve risks and uncertainties. The company undertakes no obligation to update any forward-looking statements to reflect developments that occur after the statement is made. Documents related to the company's financial
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
