Raipur-based Sarda Energy & Minerals reported mixed financial results for Q2 FY27, with consolidated net profit declining 5.4% year-on-year to ₹306 crore compared to ₹323 crore in the corresponding quarter last year. According to reports from CNBC TV18, revenue also fell 4.9% to ₹1,453 crore from ₹1,528 crore a year ago. Despite the revenue decline, the company maintained stable operating performance with EBITDA remaining largely unchanged at ₹513 crore against ₹512 crore in Q2 FY26.
The company demonstrated operational efficiency improvements with EBITDA margin expanding to 35.3% from 33.5% in the year-ago quarter, as reported by CNBC TV18. This margin improvement indicates effective cost management strategies despite the challenging revenue environment. The company's ability to maintain profitability while expanding margins suggests successful implementation of operational efficiency measures across its business segments.
According to the company's consolidated segment revenue data reported by CNBC TV18, total segment revenue stood at ₹1,595.74 crore in Q2 FY27, compared to ₹1,739.30 crore in Q2 FY26. The steel segment revenue declined to ₹397.90 crore from ₹447.38 crore, while Ferro Alloys revenue remained relatively stable at ₹393.57 crore against ₹396.02 crore. The power segment revenue fell to ₹800.61 crore from ₹892.36 crore in the corresponding quarter last year. Unallocated revenue stood at ₹3.66 crore against ₹3.54 crore in the previous year.
For the first half of FY27, total segment revenue stood at ₹3,357.73 crore, compared to ₹3,558.90 crore in H1 FY26, as reported by CNBC TV18. This represents a decline in revenue generation across the company's core industrial segments during the first half of the current financial year. The company's ability to maintain stable operating earnings despite revenue challenges demonstrates effective cost management and operational efficiency measures.
According to CNBC TV18, shares of Sarda Energy & Minerals ended 4.21% lower at ₹438.70 on the NSE on October 30, ahead of the earnings announcement. The market reaction suggests investor concerns about the company's revenue decline and performance across its core industrial segments, despite the margin improvement and stable operating earnings.
