Sarda Energy & Minerals has reported 36% jump in consolidated net profit to Rs 203 crore on a 16% increase in revenue from operations to Rs 1,159 crore in Q2 FY25 as compared with Q2 FY24.
On the segmental front, revenue from Steel was Rs 486.82 crore (down 1.25% YoY), Ferro Alloys revenue was Rs 182.74 crore (up 1.35% YoY) and that from Power was Rs 176.67 crore (up 3.05x YoY) in the second quarter.
Operating EBITDA improved by 38% YoY to Rs 332 crore during the quarter.
Profit before tax in Q2 FY25 stood at Rs 276 crore, up by 49% from Rs 186 crore in Q2 FY24.
Sarda Energy & Minerals (SEML) is an energy and minerals company with operational iron ore and coal mines in Chhattisgarh and thermal and hydropower generation plants in different locations across India, with a growing portfolio of assets.
The scrip shed 0.47% to currently trade at Rs 425.65 on the BSE.
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