Sarda Energy & Minerals Limited · NSE:SARDAEN
Sarda Energy & Minerals — Q3 FY2026 Earnings Presentation
36 slides from Sarda Energy & Minerals's earnings presentation, Feb 9, 2026
Slide 1: Cover letter to stock exchanges
An ISO 9001, ISO 14001 & ISO 45001 Certified Company SARDA ENERGY & MINERALS LTD. 9th February 2026 BSE Ltd National Stock Exchange of India Ltd. The Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E), Mumbai – 400051 Dalal Street – Mumbai 400
Slide 2: Expanding Horizons of Growth – Investor Presentation Q3FY26
Expanding Horizons of Growth Energy | Minerals | Metals Investor Presentation | Q3FY26
Slide 3: 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 4: Table of Content
Table of Content Q3 & 9M FY26 Highlights Business Overview Corporate Social Responsibility Historical Financials 3
Slide 5: Powering Ahead: Energy Takes the Lead
Powering Ahead: “Energy Takes the Lead” Energy Leadership Strengthened Integration Delivering Synergies • SKS Power (IPP Binjkot) operating at 81% PLF; Energy • Operational linkages between Gare Palma IV/7 coal now contributes more than two-thirds of EBITDA mine and SKS Power (IPP Binjkot) improving
Slide 6: Building Scale - Capacity and Value Creation Over the Last Three Years
Building Scale - Capacity and Value Creation Over the Last Three Years Tripled capacity, doubled scale — SEML’s transformation is firmly underway Parameter Thermal Power Hydro Power Solar Power Total Energy Capacity Coal Mining (MTPA) (MW) (MW) (MW) (MW) As of Revenue EBITDA (Rs. Cr) (Rs. Cr) Base C
Slide 7: Strategic Priorities for FY26 and Beyond
Strategic Priorities for FY26 and Beyond Building a diversified, future-ready SEML anchored in energy, minerals and sustainability Scale Energy Portfolio Expand mining operations Drive Efficiency Sustainability Focus o Ramp up SKS Power (IPP o Scale up mining operations to o Leverage automation and
Slide 8: Q3 & 9M FY26 Highlights
SARDA SARDA ENERGY & MINERALS LTD.
Slide 9: Q3 & 9M FY26 Consolidated Financial Snapshot
Q3&9MFY26 Consolidated Financial Snapshot Net Revenue (Rs Cr) EBIT (Rs Cr) PAT (Rs Cr) Cash PAT (Rs Cr) -3% -14% -5% +7% 1,319 1,276 345 297 24% 38% 19% Q3 FY26* 23% 35% 9% 24% 338 315 23% 200 190 68% 57% 39% 41% Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Energy Ferro Alloys Steel Total
Slide 10: Q3 & 9M FY26 Operational Updates
Q3 & 9MFY26 Operational Updates Key Updates: • Strong 9MFY26 performance trajectory, reflecting sustained execution across energy, mining and metals businesses • Resilient Q3 operations despite seasonality, supported by stable asset performance across the portfolio Rising Share of Energy Business -
Slide 11: Production Trend
Production Trend Production (‘000 MT) Q3FY26 Q3FY25 YoY % Q2FY26 QoQ % 9M FY26 9M FY25 YoY % Iron Ore Pellet 225 206 9% 195 15% 650 631 3% Sponge Iron 83 87 -5% 87 -4% 254 250 2% Steel Billet 48 61 -22% 57 -16% 159 165 -4% Wire Rod 37 53 -29% 44 -15% 123 141 -13% H. B Wires 10 8 18% 9 11% 29 26 10%
Slide 12: Sales Trend
Sales Trend Sales (‘000 MT) Q3FY26 Q3FY25 YoY % Q2FY26 QoQ % 9MFY26 9MFY25 YoY % Iron Ore Pellet 115 126 -9% 115 1% 369 387 -4% Sponge Iron 34 26 30% 33 3% 99 86 15% Steel Billet 9 7 37% 12 -20% 32 19 68% Wire Rod 30 44 -31% 32 -7% 95 115 -17% H. B Wires 11 9 21% 8 36% 29 26 10% Ferro Alloys 54 43 2
Slide 13: Consolidated P&L Highlights
Consolidated P&L Highlights Particulars (Rs Cr) Q3FY26* Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY Revenue from Operations 1,276 1,319 -3% 1,528 -16% 4,437 3,404 30% Other Income 84 - 68 232 126 Total Income 1,360 1,319 3% 1,596 -15% 4,669 3,530 32% Raw Material 725 727 758 2,271 1,841 Employee Expense
Slide 14: Standalone P&L Highlights
Standalone P&L Highlights Particulars (Rs Cr) Q3FY26* Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY Revenue from Operations 918 1,047 -12% 1,092 -16% 3,317 2,471 34% Other Income 100 7 68 239 104 Total Income 1,017 1,053 -3% 1,161 -12% 3,556 2,575 38% Raw Material 530 581 578 1,723 1,378 Employee Expenses
Slide 15: 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 2,823 0.7 1499 2,642 Comfortable liquidity 1408 0.56 0.5 0.58 0.55 supported by strong internal 655 1,566 cash generation and a rob
Slide 16: Sector Tailwinds Fueling SEML's Next Phase
Sector Tailwinds Fueling SEML’s Next Phase Structural Demand Growth Policy Push for Energy Security Clean Energy Supportive Industry Backdrop • Sustained growth in power and • The Union Budget underscores a • Targeted basic customs duty • Continued emphasis on resource demand driven by clear focus o
Slide 17: Strong Focus on Clean Energy
Strong Focus on Clean Energy Hydro Power • Existing operational Hydropower portfolio of ~167 MW, with 24.9 MW Rehar Hydropower achieving commercial production on 8th July, 2025 • Hydropower projects totaling 75MW are under different stages of implementation. Waste Heat Power • Existing 21.5 MW of Wa
Slide 18: Business Overview
SARDA SARDA ENERGY & MINERALS LTD.
Slide 19: Vertical Integration – To Reduce Input Cost and Optimize Value Addition
Vertical Integration – To Reduce Input Cost and Optimize Value Addition Vertical 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 Energy Division to become
Slide 20: 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 SKS Power (IPP Binjkot) has 81.5 MW potential to double capacity; Capacity 2x300 MW (600 MW) (includes 21.5
Slide 21: 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 Upcoming Capacity Subsidiary Limited Power LLP Corporation Limited 24.9 MW Kotaiveera, Chhattisgarh Location Uttarakhand Chhattisgarh Sikkim Project on IB river, land acqu
Slide 22: Minerals Assets - Next Lever For Growth
Minerals Assets - Next Lever For Growth Iron Ore Mine Coal Mine Coal Washery Upcoming Capacity Iron Ore Mine Location Rajnandgaon, Chhattisgarh Gare Palma IV/7, Chhattisgarh Raigarh, Chhatisgarh Surjagad, Maharashtra -Block 1 Composite license executed in May-25. Capacity 1.50 MTPA 1.80 MTPA 1.80 MT
Slide 23: 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 an
Slide 24: Corporate Social Responsibility
Corporate Social Responsibility
Slide 25: 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 26: Education, Culture and Arts
Education, Culture and Arts 1. School Education & Access 3. Career Readiness & Youth Empowerment ▪ Support to government schools in Siltara and Raigarh, including ▪ Career counselling and career guidance programs for government and private teacher mobilisation and bus services higher secondary schoo
Slide 27: Healthcare and Infrastructure
Healthcare and Infrastructure 1. Preventive Healthcare & Wellness 3. Emergency Care & Critical Support ▪ Physiotherapy assessment and correction camps in villages ▪ Donation of ambulances to Balco Medical Centre for cancer patients ▪ Eye camps conducted through Shri Ganesh Vinayak Foundation ▪ Suppo
Slide 28: Livelihood, Environmental & Economic Sustainability
Livelihood, Environmental & Economic Sustainability 1. Livelihood & Women Empowerment 3. Community Infrastructure Development ▪ Sewing training programs conducted at Siltara, Mandhar, Giroud and ▪ Construction of roads and drainage at Siltara village (ongoing) Tekari ▪ Construction of Anganwadi cent
Slide 29: Historical Financials
SARDA SARDA ENERGY & MINERALS LTD.
Slide 30: 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 31: Consolidated BS & Cash Flow
Consolidated BS & Cash Flow – Conservative Capital Structure and Strong Liquidity Profile Particular (Rs Cr) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Share Capital 36 36 35 35 35 Tangible Networth 2,182 2,968 3,375 3,853 6,251 Minority Interest 101 104 100 106 106 Long Term Borrowings 1,493 1,196 1,063 1,
Slide 32: 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 33: 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 34: 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 35: Share Price Information
Share Price Information Sarda Energy & Minerals BSE 150 MidCap NSE 150 Midcap Price chart base to 100 300 250 200 150 100 50 - Aug-24 Sep-24 Oct-24 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 Dec-25 Jan-26 Feb-26 Capital Market Information (as on 6-Feb-
Slide 36: Thank You
THANK YOU Mr. Nilay Joshi (Executive Director) Ms. Manasi Bodas njoshi@sardagroup.co.in Manasi.bodas@adfactorspr.com Teamsarda@adfactorspr.com 125 B-Wing Mittal Court, Nariman Point, Mumbai 400 021 www.seml.co.in City Hall,Oasis Complex, Kamala Mills Compound, Pandurang Budhkar Marg, Lower Parel Wes
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