Sandur Manganese zooms 54% in one month after strong Q3 results

The company reported a 486 per cent year-on-year (YoY) jump in profit after tax (PAT) at Rs 109 crore for the quarter ended December 2021.

Shares of Sandur Manganese & Iron Ores hit a record high of Rs 3,955, up 7 per cent on the BSE in Wednesday’s intra-day trade on expectations of strong earnings.

The stock of the mining company has zoomed 54 per cent in the past one month after it reported a 486 per cent year-on-year (YoY) jump in profit after tax (PAT) at Rs 109 crore for the quarter ended December 2021 (Q3FY21). In comparison, the S&P BSE Sensex shed 2.5 per cent during the same period.

In Q3FY22, revenue from operations grew 320 per cent YoY at Rs