Sarda Energy & Minerals Limited · NSE:SARDAEN
Sarda Energy & Minerals — H1 FY2026 Earnings Presentation
34 slides from Sarda Energy & Minerals's earnings presentation, November 2025
Slide 1: Expanding Horizons of Growth
Expanding Horizons of Growth Minerals | Energy | Metals Investor Presentation | Q2 & H1FY26
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sarda Energy & Minerals Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 3: Table of Content
Table of Content Q2 & H1FY26 Highlights Business Overview Corporate Social Responsibility Historical Financials 3
Slide 4: SEML at a Glance
SEML at a Glance Energy Segment Strengthens its Position as the Core Engine of Growth Contributed Rs 1,505 Cr in Revenue (47% of consolidated Revenue) and Rs 759 Cr in EBIT (72% of consolidated EBIT) in H1FY26 Building Blocks for Strong Financials Strong Focus Sustainable Growth to Support Growth on
Slide 5: Strategic Roadmap – Next Lever of Growth
Strategic Roadmap – Next Lever of Growth Driving Growth through Unlocking Value via Energy Expansion Integrated Mining Operations • Doubling generation capacity at IPP • Scaling up iron ore and coal mining to Binjkot (formerly SKS Power) ensure steady, cost-optimized raw material availability • Futu
Slide 6: Q2 & H1FY26 Highlights
SARDA SARDA ENERGY & MINERALS LTD.
Slide 7: Q2 & H1FY26 Consolidated Financial Performance
Q2 & H1FY26 Consolidated Financial Performance Net Revenue (Rs Cr) EBIT (Rs Cr) PAT (Rs Cr) Cash PAT (Rs Cr) 32% 49% 61% 34% Q2FY26 1,159 1,528 318 474 37% 27% 16% 26% 36% 14% 37% 24% 516 328 385 47% 70% 204 26% 40% Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Energy Ferro Alloys Steel To
Slide 8: Business Highlights – Q2 & H1FY26
Business Highlights – Q2 & H1FY26 ❖ Rising Share of Energy Business - Thermal & Hydro Energy segment continues to drive performance in Q2FY26, reinforcing its position as a key growth driver within SEML’s diversified portfolio Significantly boosted revenue and profitability, led by strong performanc
Slide 9: Production Trend
Production Trend Production (‘000 MT) Q2FY26 Q2FY25 YoY Q1FY26 QoQ H1FY26 H1FY25 YoY Iron Ore Pellet 195 214 -9% 230 -16% 425 425 0.01% Sponge Iron 87 82 6% 84 3% 171 162 5% Steel Billet 57 58 -1% 54 6% 111 104 7% Wire Rod 44 49 -10% 42 5% 86 89 -3% H. B Wires 9 9 4% 10 -6% 19 18 6% Ferro Alloys 51
Slide 10: Sales Trend
Sales Trend Sales (‘000 MT) Q2FY26 Q2FY25 YoY Q1FY26 QoQ H1FY26 H1FY25 YoY Iron Ore Pellet 115 132 -13% 140 -18% 254 260 -2% Sponge Iron 33 25 33% 32 4% 65 60 8% Steel Billet 12 7 62% 11 9% 23 12 86% Wire Rod 32 40 -18% 33 -1% 65 71 -8% H. B Wires 8 8 2% 10 -17% 18 17 4% Ferro Alloys 49 46 9% 48 2%
Slide 11: Realization Trend
Realization Trend Steel Products’ Realization Trend (Rs/MT) 2,182 2,844 2,849 2,530 3,414 4,231 4,915 2,834 4,071 4,068 13,822 14,424 14,990 15,575 13,511 Value Addition 15,522 16,053 15,240 14,141 13,990 9,151 9,142 9,341 9,643 9,463 Realization Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Iron Ore Pellet Sp
Slide 12: Consolidated P&L Highlights
Consolidated P&L Highlights Particulars (Rs Cr) Q2FY26 Q2FY25 YoY Q1FY26 QoQ H1FY26 H1FY25 YoY Revenue from Operations 1528 1,159 32% 1,633 -6% 3,161 2,085 52% Other Income 68 56 80 148 131 Total Income 1,596 1,214 31% 1,713 -7% 3,309 2,215 49% Raw Material 758 619 789 1,546 1,115 Employee Expenses
Slide 13: Standalone P&L Highlights
Standalone P&L Highlights Particulars (Rs Cr) Q2FY26 Q2FY25 YoY Q1FY26 QoQ H1FY26 H1FY25 YoY Revenue from Operations 1092 763 43% 1,307 -16% 2,399 1,424 68% Other Income 68 35 70 139 98 Total Income 1,161 797 46% 1,377 -16% 2,538 1,522 67% Raw Material 578 434 615 1,194 797 Employee Expenses 39 31 3
Slide 14: Financial Prowess Marks a Promising Outlook for Growth
Financial Prowess Marks a Promising Outlook for Growth Standalone Debt (Rs Cr) Consolidated Debt (Rs Cr) Consolidated TOL/NW (x) Gross Debt Net Debt Gross Debt Net Debt 1499 1408 2,823 0.70 2,642 Comfortable liquidity 655 0.56 0.50 0.58 0.55 supported by strong internal 134 1,566 1,366 cash generati
Slide 15: Strong Focus on Clean Energy
Strong Focus on Clean Energy Hydro Power • Existing operational Hydro Power portfolio of ~167 MW (incl. 24.9 MW Rehar plant, commissioned in Q2FY26 ) • ~75 MW of hydropower project pipeline under different stages of implementation Waste Heat Power • Existing 21.5 MW of Waste Heat Power generation So
Slide 16: Business Overview
SARDA SARDA ENERGY & MINERALS LTD.
Slide 17: Vertical Integration – To Reduce Input Cost and Optimize Value Addition
Vertical Integration – To Reduce Input Cost and Optimize Value Addition Backward Integration Minerals Energy Metals • Iron Ore Mine • Captive Use • Steel Products • Coal Mines Waste Heat + Solar* + Thermal • Ferro Alloys • Commercial Use Thermal + Hydro Forward Integration Acquired SKS Power which h
Slide 18: Energy Emerges as The Core Vertical - Thermal Power Assets of 761.5 MW
Energy Emerges as The Core Vertical - Thermal Power Assets of 761.5 MW (1/2) IPP (Commercial) CPP (Captive) Upcoming Capacity Location Binjkot, Chhattisgarh Siltara, Chhattisgarh Visakhapatnam IPP Binjkot (SKS Power) has 81.5 MW scope for doubling capacity Capacity 2x300 MW (600 MW) (includes 21.5 M
Slide 19: Energy Emerges as The Core Vertical - Hydro Power Assets of ~167 MW
Energy Emerges as The Core Vertical - Hydro Power Assets of ~167 MW (2/2) Parvatiya Power Chhattisgarh Hydro Madhya Bharat Power Subsidiary Upcoming Capacity Limited Power LLP Corporation Limited Location Uttarakhand Chhattisgarh Sikkim Project pipeline of ~ 75 MW, Capacity 4.8 MW 24 MW 24.9 MW 113
Slide 20: Minerals Assets - Next Lever For Growth
Minerals Assets - Next Lever For Growth Iron Ore Mine Coal Mine Coal Washery Upcoming Capacity Iron Ore Mine 1 Block Rajnandgaon, Location Gare Palma IV/7, Chhattisgarh Raigarh, Chhatisgarh Surjagad, Maharashtra -Block 1 Chhattisgarh Composite license executed in May-25. Capacity 1.50 MMT 1.68 MMT 1
Slide 21: Metals: Well-Established, Fully-integrated Legacy Business
Metals: Well-Established, Fully-integrated Legacy Business Pellets Sponge Iron Billets Wire Rods HB Wires Ferro Alloys Location Chhattisgarh Chhattisgarh Visakhapatnam Semi finished steel HB Wires- Wire Produced from Produced from Hot rolled product product, produced rods are cold Ferro manganese (F
Slide 22: Corporate Social Responsibility
Corporate Social Responsibility
Slide 23: Focus on Safety, Health & Social Responsibility
Focus on Safety, Health & Social Responsibility 01 02 03 Health & Safety No. of Incidents Social Responsibility • SEML awarded - Appreciation Award for • Incident rate has seen a declining trend • Adopted 50 single-teacher schools in the Best Company in the Entire Eastern Region over past few years
Slide 24: Education, Culture and Arts
Education, Culture and Arts ▪ Supported Parivaar Education Trust for Shiksha Kutir Project ▪ Renovated School Boundary Wall at Mandhar ▪ Supported R.K. Sarda Trust for Education development. ▪ Organized Fire Safety and First Aid Awareness session at 3 schools ▪ International Women’s Day Celebration
Slide 25: Healthcare and Infrastructure
Healthcare and Infrastructure ▪ Donated a mobile van for the Netra Sahayta Program of Shri Ganesh Vinayak ▪ Supplied eco-friendly bricks to Kurra Panchayat for garden Foundation. development next to the school and to Siltara Panchayat for leveling ▪ Eye Camp with Shri Ganesh Vinayak Foundation at Ne
Slide 26: Livelihood, Environmental & Economic Sustainability
Livelihood, Environmental & Economic Sustainability ▪ Promoted mushroom cultivation for income generation of women SHG ▪ Supported marriage of girls from underprivileged families. ▪ Started costume jewellery training for women SHG at Siltara ▪ Organized Sewing Training of women SHG ▪ Awareness sessi
Slide 27: Historical Financials
SARDA SARDA ENERGY & MINERALS LTD.
Slide 28: Consolidated P&L – Consistent Growth with High Profit Margins
Consolidated P&L – Consistent Growth with High Profit Margins Particular (Rs Cr) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 2,199 3,914 4,212 3,868 4,643 Other Income 144 50 49 184 172 Total Income 2,343 3,964 4,261 4,052 4,815 Raw Material 1,347 2,086 2,495 2,407 2,573 Employee Expenses 89 11
Slide 29: Consolidated BS & Cash Flow – Conservative Capital Structure and Strong Liquidity Profile
Consolidated BS & Cash Flow – Conservative Capital Structure and Strong Liquidity Profile Particular (Rs Cr) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sept-25 Share Capital 36 36 35 35 35 35 Tangible Networth 2,182 2,968 3,375 3,853 6,251 6,964 Minority Interest 101 104 100 106 106 110 Long Term Borrowings
Slide 30: Energy | Generation and Sales
Energy | Generation and Sales Thermal Power (Mn KwH) Hydro Power (Mn KwH) 3,482 532 494 508 482 476 452 423 423 2,096 1,262 964 1,079 1,083 129 129 103 76 71 81 FY21 FY22 FY23 FY24 FY25^ FY21 FY22** FY23 FY24 FY25 Generation Sales Generation Sales* *Includes only the contractual power sales under lo
Slide 31: Metals | Production and Sales
Metals | Production and Sales Iron Ore Pellets Sponge Iron Steel Billet 228 229 800 810 819 316 319 192 205 741 291 294 290 177 619 488 522 517 501 426 131 121 118 82 103 26 26 33 31 31 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Wire Rod H. B. Wires Ferro Alloys 39 40
Slide 32: Well-Experienced and Strong Leadership Team at the Helm
Well-Experienced and Strong Leadership Team at the Helm Kamal Kishore Sarda Pankaj Sarda Padam Kumar Jain Manish Sarda Neeraj Sarda Chairman Managing Director Director & CFO DMD, SMAL DMD, SMAL Mechanical Engineer with 49 Industrial Engineer with 22 CA, CS with a rich experience MBA in International
Slide 33: Share Price Information
Share Price Information Sarda Energy & Minerals BSE 150 MidCap NSE 150 Midcap Price chart base to 100 300 250 230 200 150 121 100 120 50 - Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Capital Market Information (as on 10-Nov-25) Consistently Increasing D
Slide 34: THANK YOU
THANK YOU Mr. Nilay Joshi (Executive Director) Ms. Pooja Sharma / Mr. Ankit Jain njoshi@sardagroup.co.in pooja.sharma@stellar-ir.com / ankit@stellar-ir.com 125 B-Wing Mittal Court, Nariman Point, Mumbai 400 021 A-405, Kanakia Wall Street, Andheri (East), Mumbai 400 093 www.seml.co.in www.stellar-ir.
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