Sarda Energy and Minerals Ltd.
SARDAENCommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
14 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 14 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20191118 | 2019-09-30 | yes | |
| TRANSCRIPT | 20200225 | 2019-12-31 | yes | |
| TRANSCRIPT | 20200713 | 2020-06-30 | yes | |
| TRANSCRIPT | 20200825 | 2020-06-30 | yes | |
| TRANSCRIPT | 20201120 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210225 | 2020-12-31 | yes | |
| TRANSCRIPT | 20210604 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210817 | 2021-06-30 | yes | |
| TRANSCRIPT | 20230608 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230804 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231106 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240213 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240531 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240810 | 2024-06-30 | yes | |
| DUPLICATE | 20240810 | 2024-06-30 | no | |
| TRANSCRIPT | 20241125 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250811 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251120 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260602 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260810 | 2026-06-30 | yes |
SARDAEN
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 499.45 |
| 52-week range | 462.4 – 612.7 |
| Return 1M | -1.39% |
| Return 3M | -4.15% |
| Return 1Y | -13.91% |
| Return 3Y | 129.63% |
| Return 5Y | 629.34% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,608.00 |
| Other income | 108.00 |
| Total income | 1,717.00 |
| Cost of materials consumed | 653.00 |
| Purchases of stock-in-trade | 34.00 |
| Changes in inventories | -17.00 |
| Employee benefit expense | 58.00 |
| Finance costs | 58.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.73 | 0.00 |
| institutions foreign | 0.04 | 0.00 |
| institutions domestic | 0.03 | 0.00 |
| mutual funds | 0.01 | 0.00 |
| public | 0.27 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| DUPLICATE | 2024-06-30 | 1 |
| TRANSCRIPT | 2026-06-30 | 19 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 967.00 | 908.00 | 1,076.00 | 1,052.00 | 1,001.00 | 925.00 | 889.00 | 926.00 | 1,159.00 | 1,319.00 | 1,239.00 | 1,633.00 | 1,528.00 | 1,276.00 | 1,254.00 | 1,608.00 |
| Other income | 21.00 | 44.00 | 24.00 | 83.00 | 24.00 | 37.00 | 43.00 | 75.00 | 56.00 | -0.00 | 47.00 | 80.00 | 68.00 | 84.00 | 5.00 | 108.00 |
| Total income | 988.00 | 952.00 | 1,100.00 | 1,135.00 | 1,025.00 | 963.00 | 933.00 | 1,001.00 | 1,214.00 | 1,319.00 | 1,286.00 | 1,713.00 | 1,596.00 | 1,360.00 | 1,258.00 | 1,717.00 |
| Cost of materials consumed | 378.00 | 649.00 | 633.00 | 659.00 | 549.00 | 579.00 | 500.00 | 535.00 | 577.00 | 693.00 | 690.00 | 761.00 | 705.00 | 720.00 | 597.00 | 653.00 |
| Purchases of stock-in-trade | 81.00 | 37.00 | 33.00 | 14.00 | 33.00 | 10.00 | 1.00 | 3.00 | 34.00 | 29.00 | 38.00 | 29.00 | 27.00 | 11.00 | 79.00 | 34.00 |
| Changes in inventories | 54.00 | -136.00 | 44.00 | 5.00 | 9.00 | -23.00 | 70.00 | -42.00 | 8.00 | 4.00 | 3.00 | -2.00 | 26.00 | -7.00 | -29.00 | -17.00 |
| Employee benefit expense | 33.00 | 31.00 | 31.00 | 35.00 | 35.00 | 39.00 | 34.00 | 38.00 | 41.00 | 47.00 | 51.00 | 51.00 | 51.00 | 60.00 | 60.00 | 58.00 |
| Finance costs | 32.00 | 33.00 | 28.00 | 35.00 | 35.00 | 34.00 | 28.00 | 36.00 | 55.00 | 64.00 | 70.00 | 62.00 | 64.00 | 64.00 | 54.00 | 58.00 |
| Depreciation and amortisation | 44.00 | 45.00 | 45.00 | 45.00 | 46.00 | 46.00 | 46.00 | 45.00 | 62.00 | 78.00 | 87.00 | 81.00 | 85.00 | 86.00 | 88.00 | 89.00 |
| Other expenses | 139.00 | 132.00 | 122.00 | 124.00 | 132.00 | 132.00 | 133.00 | 132.00 | 162.00 | 176.00 | 186.00 | 177.00 | 207.00 | 180.00 | 199.00 | 227.00 |
| Total expenses | 762.00 | 790.00 | 935.00 | 917.00 | 839.00 | 818.00 | 811.00 | 746.00 | 938.00 | 1,093.00 | 1,125.00 | 1,159.00 | 1,165.00 | 1,116.00 | 1,048.00 | 1,102.00 |
| Profit before exceptional items and tax | 226.00 | 161.00 | 165.00 | 218.00 | 186.00 | 145.00 | 122.00 | 255.00 | 276.00 | 226.00 | 161.00 | 553.00 | 431.00 | 245.00 | 210.00 | 615.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | -1.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 10.00 | 0.00 | 0.00 |
| Profit before tax | 226.00 | 161.00 | 165.00 | 218.00 | 186.00 | 143.00 | 121.00 | 255.00 | 276.00 | 226.00 | 160.00 | 553.00 | 431.00 | 255.00 | 210.00 | 615.00 |
| Current tax | 47.00 | 43.00 | 53.00 | 40.00 | 36.00 | 37.00 | 45.00 | 57.00 | -47.00 | 1.00 | -0.00 | 5.00 | 13.00 | 10.00 | -10.00 | 6.00 |
| Deferred tax | -6.00 | -13.00 | -3.00 | 4.00 | -1.00 | -2.00 | -0.00 | 3.00 | 120.00 | 37.00 | 66.00 | 125.00 | 103.00 | 61.00 | 79.00 | 146.00 |
| Tax expense | 41.00 | 30.00 | 49.00 | 44.00 | 35.00 | 36.00 | 44.00 | 60.00 | 72.00 | 38.00 | 66.00 | 130.00 | 116.00 | 71.00 | 69.00 | 152.00 |
| Profit for the period | 186.00 | 130.00 | 115.00 | 172.00 | 149.00 | 114.00 | 88.00 | 198.00 | 203.00 | 200.00 | 100.00 | 437.00 | 328.00 | 190.00 | 155.00 | 478.00 |
| Profit attributable to owners | 181.00 | 130.00 | 121.00 | 171.00 | 141.00 | 117.00 | 94.00 | 199.00 | 195.00 | 197.00 | 108.00 | 434.00 | 323.00 | 190.00 | 158.00 | 458.00 |
| Profit attributable to non-controlling interests | 5.00 | -0.00 | -6.00 | 2.00 | 9.00 | -3.00 | -6.00 | -1.00 | 8.00 | 3.00 | -8.00 | 2.00 | 5.00 | -0.00 | -3.00 | 20.00 |
| Other comprehensive income | -0.00 | -0.00 | -0.00 | -1.00 | -0.00 | -1.00 | 9.00 | 1.00 | -6.00 | -0.00 | -3.00 | -1.00 | -7.00 | 2.00 | -1.00 | -2.00 |
| Total comprehensive income | 186.00 | 130.00 | 115.00 | 172.00 | 149.00 | 114.00 | 97.00 | 199.00 | 198.00 | 200.00 | 97.00 | 436.00 | 321.00 | 192.00 | 155.00 | 476.00 |
| Earnings per share, basic | 51.28 | 36.99 | 34.41 | 48.48 | 3.99 | 3.32 | 2.68 | 5.64 | 5.55 | 5.60 | 3.07 | 12.33 | 9.17 | 5.40 | 4.48 | 13.00 |
| Earnings per share, diluted | 51.28 | 36.99 | 34.41 | 48.48 | 3.99 | 3.32 | 2.68 | 5.64 | 5.55 | 5.60 | 3.07 | 12.33 | 9.17 | 5.40 | 4.48 | 13.00 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,324.00 | 2,000.00 | 2,199.00 | 3,914.00 | 4,212.00 | 3,868.00 | 4,643.00 | 5,690.00 |
| Other income | 17.00 | -17.00 | 144.00 | 50.00 | 49.00 | 184.00 | 172.00 | 237.00 |
| Total income | 2,341.00 | 1,983.00 | 2,343.00 | 3,964.00 | 4,261.00 | 4,052.00 | 4,815.00 | 5,928.00 |
| Cost of materials consumed | 1,431.00 | 1,233.00 | 1,326.00 | 2,025.00 | 2,312.00 | 2,288.00 | 2,495.00 | 2,783.00 |
| Purchases of stock-in-trade | 101.00 | 53.00 | 21.00 | 127.00 | 189.00 | 59.00 | 104.00 | 147.00 |
| Changes in inventories | -38.00 | 7.00 | -0.00 | -66.00 | -6.00 | 61.00 | -27.00 | -12.00 |
| Employee benefit expense | 87.00 | 88.00 | 89.00 | 113.00 | 127.00 | 142.00 | 176.00 | 222.00 |
| Finance costs | 99.00 | 82.00 | 79.00 | 147.00 | 124.00 | 128.00 | 220.00 | 244.00 |
| Depreciation and amortisation | 76.00 | 78.00 | 75.00 | 143.00 | 178.00 | 183.00 | 271.00 | 341.00 |
| Other expenses | 261.00 | 263.00 | 243.00 | 360.00 | 529.00 | 521.00 | 657.00 | 764.00 |
| Total expenses | 2,017.00 | 1,804.00 | 1,833.00 | 2,849.00 | 3,454.00 | 3,382.00 | 3,897.00 | 4,488.00 |
| Profit before exceptional items and tax | 324.00 | 179.00 | 510.00 | 1,115.00 | 807.00 | 670.00 | 918.00 | 1,439.00 |
| Exceptional items | 0.00 | 0.00 | -15.00 | -7.00 | 0.00 | -3.00 | -0.00 | 10.00 |
| Profit before tax | 324.00 | 179.00 | 495.00 | 1,108.00 | 807.00 | 667.00 | 918.00 | 1,449.00 |
| Current tax | 111.00 | 53.00 | 89.00 | 261.00 | 221.00 | 157.00 | 11.00 | 18.00 |
| Deferred tax | 6.00 | -10.00 | 25.00 | 39.00 | -20.00 | 1.00 | 226.00 | 368.00 |
| Tax expense | 117.00 | 43.00 | 115.00 | 300.00 | 202.00 | 159.00 | 237.00 | 386.00 |
| Profit for the period | 207.00 | 128.00 | 376.00 | 807.00 | 604.00 | 524.00 | 702.00 | 1,109.00 |
| Profit attributable to owners | 203.00 | 126.00 | 375.00 | 804.00 | 602.00 | 523.00 | 700.00 | 1,106.00 |
| Profit attributable to non-controlling interests | 4.00 | 2.00 | 2.00 | 3.00 | 2.00 | 1.00 | 2.00 | 4.00 |
| Other comprehensive income | -8.00 | 0.00 | -1.00 | 0.00 | -1.00 | 7.00 | -8.00 | -7.00 |
| Total comprehensive income | 200.00 | 129.00 | 375.00 | 807.00 | 603.00 | 531.00 | 694.00 | 1,103.00 |
| Earnings per share, basic | 56.36 | 35.05 | 104.00 | 223.07 | 169.94 | 14.84 | 19.86 | 31.38 |
| Earnings per share, diluted | 56.36 | 35.05 | 104.00 | 223.07 | 169.94 | 14.84 | 19.86 | 31.38 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 5,350.00 | 5,481.00 | 5,788.00 | 6,002.00 | 10,227.00 | 10,125.00 | 11,012.00 | 11,371.00 |
| Non-current assets | 3,197.00 | 3,236.00 | 3,266.00 | 3,377.00 | 6,732.00 | 6,978.00 | 6,923.00 | 6,953.00 |
| Current assets | 2,153.00 | 2,246.00 | 2,522.00 | 2,625.00 | 3,496.00 | 3,147.00 | 4,089.00 | 4,417.00 |
| Property, plant and equipment | 2,683.00 | 2,758.00 | 2,743.00 | 2,715.00 | 5,748.00 | 5,711.00 | 5,960.00 | 5,889.00 |
| Capital work-in-progress | 202.00 | 130.00 | 160.00 | 250.00 | 514.00 | 613.00 | 400.00 | 463.00 |
| Goodwill | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 | 33.00 |
| Other intangible assets | 71.00 | 70.00 | 68.00 | 67.00 | 72.00 | 64.00 | 69.00 | 83.00 |
| Inventories | 696.00 | 727.00 | 646.00 | 528.00 | 797.00 | 809.00 | 685.00 | 794.00 |
| Trade receivables | 221.00 | 182.00 | 269.00 | 101.00 | 330.00 | 221.00 | 306.00 | 276.00 |
| Cash and cash equivalents | 288.00 | 8.00 | 69.00 | 104.00 | 605.00 | 58.00 | 39.00 | 108.00 |
| Total equity and liabilities | 5,350.00 | 5,481.00 | 5,788.00 | 6,002.00 | 10,227.00 | 10,125.00 | 11,012.00 | 11,371.00 |
| Equity | 3,269.00 | 3,510.00 | 3,780.00 | 3,994.00 | 6,039.00 | 6,392.00 | 7,109.00 | 7,476.00 |
| Equity share capital | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 |
| Other equity | 3,126.00 | 3,375.00 | 3,634.00 | 3,853.00 | 5,893.00 | 6,251.00 | 6,964.00 | 7,335.00 |
| Total liabilities | 2,082.00 | 1,971.00 | 2,008.00 | 2,008.00 | 4,188.00 | 3,732.00 | 3,904.00 | 3,894.00 |
| Non-current liabilities | 1,282.00 | 1,220.00 | 1,138.00 | 1,227.00 | 2,616.00 | 2,704.00 | 2,876.00 | 2,913.00 |
| Current liabilities | 799.00 | 751.00 | 871.00 | 780.00 | 1,572.00 | 1,028.00 | 1,028.00 | 982.00 |
| Borrowings, non-current | 1,111.00 | 1,063.00 | 971.00 | 1,058.00 | 2,430.00 | 2,342.00 | 2,266.00 | 2,134.00 |
| Borrowings, current | 268.00 | 344.00 | 249.00 | 308.00 | 444.00 | 481.00 | 376.00 | 461.00 |
| Trade payables | 182.00 | 135.00 | 226.00 | 173.00 | 203.00 | 194.00 | 208.00 | 172.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 610.00 | 701.00 | 704.00 | 752.00 | 783.00 | 886.00 | 1,273.00 | 1,735.00 |
| Net cash from investing activities | -126.00 | -431.00 | -332.00 | -434.00 | -1,667.00 | -2,132.00 | -935.00 | -1,166.00 |
| Net cash from financing activities | -477.00 | -479.00 | -310.00 | -222.00 | 1,385.00 | 1,200.00 | -357.00 | -519.00 |
| Purchase of property, plant and equipment | 125.00 | 217.00 | 109.00 | 266.00 | 286.00 | 490.00 | 237.00 | 338.00 |
| Net increase in cash | 7.00 | -208.00 | 61.00 | 96.00 | 501.00 | -46.00 | -19.00 | 50.00 |
| con:CFO.BEFORE_TAX | 728.00 | 931.00 | 761.00 | 905.00 | 846.00 | 918.00 | 1,340.00 | 1,756.00 |
| con:INTEREST_RECEIVED.OPERATING | -23.00 | 0.00 | -43.00 | 0.00 | -56.00 | 0.00 | -47.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | -1.00 | 0.00 | -1.00 | 0.00 | -2.00 | 0.00 | -7.00 | 0.00 |
| con:TAX_PAID.OPERATING | 94.00 | 230.00 | 13.00 | 153.00 | 5.00 | 32.00 | 13.00 | 21.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 34.00 | 247.00 | 299.00 | 1,855.00 | 108.00 | 950.00 | 1,016.00 |
| con:INVESTMENTS_SOLD | 0.00 | 104.00 | 0.00 | 27.00 | 354.00 | 136.00 | 87.00 | 97.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 3.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 90.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 79.00 | 0.00 | 0.00 | 174.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 72.64 | 72.64 | 72.64 | 72.64 | 72.64 | 72.64 | 73.16 | 73.16 | 73.16 | 73.16 | 0.73 | 0.73 | 0.73 | 0.73 |
| Domestic institutions | 3.76 | 3.76 | 3.92 | 3.85 | 3.61 | 3.75 | 4.27 | 4.35 | 3.78 | 3.81 | 0.03 | 0.03 | 0.03 | 0.03 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 0.56 | 0.00 | 0.00 | 0.00 | 0.01 |
| Insurance companies | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 2.44 | 2.56 | 2.69 | 2.81 | 2.69 | 2.50 | 2.28 | 2.66 | 3.47 | 3.83 | 0.04 | 0.04 | 0.04 | 0.04 |
| Public | 27.36 | 27.36 | 27.36 | 27.36 | 27.36 | 27.36 | 26.84 | 26.84 | 26.84 | 26.84 | 0.27 | 0.27 | 0.27 | 0.27 |
| Non-institutional | 21.16 | 21.05 | 20.74 | 20.70 | 21.06 | 21.11 | 20.29 | 19.83 | 19.59 | 19.21 | 0.20 | 0.20 | 0.20 | 0.20 |
| Shares outstanding | 35238127 | 35238127 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 | 352381270 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Madhya Bharat Power Corpoation Limited | Subsidiary | Interest received, Loan | 281,300,000.00 | 2 |
| Parvatiya Power Limited | Subsidiary | Interest received, Loan | 110,800,000.00 | 2 |
| Sarda Dairy & Food Products Ltd. | Related Enterprises Where signific | Advance, Interest received, Loan, Purchase of goods | 84,700,000.00 | 5 |
| Anant Sarda | Relatives of Directors / KMP's | Any other transaction | 65,500,000.00 | 1 |
| Raghav Sarda | Relatives of Directors / KMP's | Any other transaction | 57,800,000.00 | 1 |
| Vipula Sarda | Relatives of Directors / KMP's | Any other transaction, Remuneration | 26,800,000.00 | 2 |
| Bartunga Coal Private Limited | Joint Venture | Any other transaction, Interest paid, Investment, Lo | 26,500,000.00 | 4 |
| Mr. Kamal Kishore Sarda | KMP | Remuneration | 13,200,000.00 | 1 |
| Mr. Manish Sarda | KMP | Remuneration | 8,200,000.00 | 1 |
| Natural Resources Energy Pvt Ltd. | Subsidiary | Interest received, Loan | 6,100,000.00 | 2 |
| Geschaft Formulae India Pvt Ltd | Entity with significant influence | Purchase of goods or services | 6,100,000.00 | 2 |
| Mr. Pankaj Sarda | KMP | Remuneration | 6,000,000.00 | 1 |
| Dinesh Kumar Lahoti | KMP of Overseas WOS | Remuneration | 5,400,000.00 | 2 |
| Mr. Neeraj Sarda | KMP | Remuneration | 5,300,000.00 | 1 |
| Mr. Padam Kumar Jain | KMP | Remuneration | 4,900,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2024-08-10 | Q1FY25 | SARDAENERGY & MINERALS LIMITED | Read the call |
| 2024-05-31 | Q4FY24 | Read the call | |
| 2024-02-13 | Q3FY24 | Read the call | |
| 2023-11-06 | Q2FY24 | Read the call | |
| 2023-08-04 | Q1FY24 | A ENERGY, August01, 2023, ENERGY & MINERALS LIMITED, MR. MA, OFFICER, RECTOR –, SARDAE | Read the call |
| 2023-06-08 | Q4FY23 | ENERGY & MINERALS LIMITED, LIMITED | Read the call |
| 2021-08-17 | Q1FY22 | Read the call | |
| 2021-06-04 | FYFY21 | Read the call | |
| 2021-02-25 | Q3FY21 | ENERGY & MINERALS LIMITED, METALS & ALLOYS LIMITED | Read the call |
| 2020-11-20 | Q2FY21 | Read the call | |
| 2020-08-25 | Q1FY21 | ENERGY & MINERALS LIMITED | Read the call |
| 2020-07-13 | Q1FY21 | Read the call | |
| 2020-02-25 | Q3FY20 | METALS & ALLOYS LTD) | Read the call |
| 2019-11-18 | Q2FY20 | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY20 | Q2FY21 | Q2FY24 | Q3FY20 | Q3FY21 | Q3FY24 | Q4FY23 | Q4FY24 |
|---|---|---|---|---|---|---|---|---|
| Capex | So, when the project capacity has been raise to 115 megawatt in terms of CAPEX intensity has anything changed or more or less we would be able to do i… | Understood, Sir my second question pertains to assuming that your hydropower project starts, but we have couple more smaller hydropower projects, one … | Maintenance capex is within the range of Rs.100 Crores. | And in terms of this Sikkim power projects sir how much of the spending is pending in terms of total CAPEX amount what is the pending amount which we … | Sir I just wanted to understand in terms of Hydropower, since you are indicating that our Sikkim project is expected to start by end of this financial… | Ongoing CAPEX, including for coal mines and hydro projects, have been financed from internal accruals. | Otherwise, we have not taken up any major capex for at least next 1 or 2 years so far as any greenfield or brownfield expansion is concerned. | First question is regarding our capex outlay. |
| Capital allocation | — | — | You see as we go for this acquisition a part of acquisition cost will be met from our internal accruals that much surplus is already available into ou… | — | — | In view of increased in house coal requirement post proposed acquisition of SKS Power, we are seeking approvals to increase the coal mining capacity o… | Because it was an operating mine, here also, there will not be material investment, except for the land acquisition. | As already stated we are in the process of acquisition of SKS, a 600-megawatt thermal power project. |
| Costs | And raw material prices also corrected substantially. | This is directly linked with our landed cost and basically production cost, what is my landed cost and what is my production cost depending on that we… | Then type of raw material what we use also decides the output. | So it is a long term gain that they are playing because in a scenario where the prices drop then it becomes viable for them and it gives raw material … | It is very difficult to project price for the entire year, because it all depends upon the raw materials also. | In addition to the cost saving, it will also help in reduction of carbon footprint. | No, basically, I'll tell you something that the price correction has happened if you compare it to the last quarter, and price correction has happened… | This time, the price of finished goods also moved up immediately along with the raw material. |
| Debt and cash | So the cash flow will start in Madhya Bharat and they also are coming at another company. | Okay, it is better to assume that whatever the incremental cash flows are coming, we are putting it in further growth project, so that could remain mo… | As of now we are practically net debt free company so whatever repayment is required that will be for acquisition funding and that will also spread ov… | At the standalone level the company is net debt free company. | — | Good Afternoon Sir, congratulations on becoming Net Debt Free. | — | And with regard to our cash and investments, so we have close to INR1,450 crores of cash and investment and we will be getting cash flow from our oper… |
| Demand | So do you think that demand for the ferro alloys is increasing from China or some things or we are just flat on the Y-o-Y? | Apart from this, the international prices of iron ore is also pretty strong because the demand from China is also very huge. | The iron prices had gone down in between so price realization depends on the prices during the whole quarter and some spillover is also always there b… | Steel, Ferroalloy and merchant power price remained subdued during the quarter owing to demand side pressure. | See there will be competition and it will be a healthy competition, but I do not see that the demand is so good on ground. | In India, domestic steel demand continued to grow and was up around 10% year-on-year. | And definitely in the pipeline, as already stated, one is the Kalyani coal mine and another is iron ore block we have taken. | No, otherwise price movement would not be there if demand was not there. |
| Guidance | So what is the remaining CAPEX which we expect to do in the next one year? | So going ahead what can we expect the margins to be because given some of the competitors, their margin was still healthy this quarter also? | Sir any outlook or margin guidance or expectation for ferro alloys? | And in terms of last question on coal what is the landed cost of coal because coal India production has not been that great, so any specific availabil… | In the meantime, we will be getting provisional tariff from the regulator, which we expect to get approved soon. | We expect to produce 1 million metric tonne of coal from the mine in FY25. Our proposal for first stage forest clearance for Shahpur West Coal Mine in… | On the first question related to the mining asset, I just wanted a bit more clarification regarding what is the kind of investment that we are looking… | So you are guiding for no volume increase for next like 1 year? |
| Margin | On our hydropower side, so what was the EBITDA that we generated from a 24 megawatt and 4.8 megawatt hydropower plants in H1? | Got it, Sir regarding the ferro alloys business, the margin in this quarter was substantially lower compared to the last quarter, what was the reason … | Understood Sir but as against this our coal as well as iron ore prices would have been on a higher side so another quarter of some margin pressure whi… | For the company next financial year will see growth in revenue and EBITDA on account of commissioning of the Sikkim hydro power project. | So my basic question is I am trying to understand how will the margin get impacted by such sharp increase in ferro alloy. | The company has reported operating EBITDA of INR 194 crore during the quarter against INR 240 crores in the previous quarter and INR 197 crore in 3Q F… | — | Now if we can disclose revenue and EBITDA separately from mining, commercial mining it will be very useful. |
| People | — | Good Afternoon Sir, my first question pertains to your hydropower project of Sikkim, so any update on the rates which would be fixed or what kind of u… | Just last question can you just tell us current capacity utilization of hydro plant? | The improved price of Ferroalloys and full capacity utilizations in current quarter will help in achieving much better results in this quarter. | — | Sir with this SKS acquisition currently we will be setting up this any pithead thermal power plant or how is this coal being utilized and whether this… | And definitely, in the future, we'll definitely look forward to some bottleneck improvements or waste utilization in our Visakhapatnam project. | — |
| Pricing | Sir this LOI for the long term PPA which we have received, if you can just explain a little bit more that the number of years or the pricing which we … | Thanks for taking my question, Sir on steel what are the trends you are seeing on pricing because what I see on Q-o-Q our prices have not been very ro… | So forward-looking statement would be that going forward we do not expect too much of price increases in the ferro alloys market for the the next thre… | I think the way price premium have been quoted from here we can definitely look at price increase or maybe matching with the global market. | The second thing is pricing, which will be determined and approved by the Regulatory Commission. | Please understand that the coal prices had gone to record highs of $190 odd for South African RB 1 coal and the normal pricing of South African RB coa… | This time, the pricing was not that good when we compare with the imported coal cost. | Otherwise, there won't be any material improvement in the quantum side, but yes the effect of the price increase will definitely be reflected into the… |
| Revenue growth | — | — | — | The hydro power generation during the quarter was 37 million units against 16 million units in corresponding quarter of the previous FY, recording a g… | — | The apparent consumption has gone up from 31.38 million tonnes to 35.15 million tonnes year- on-year registering a growth of 12%. | — | — |