Sarda Energy & Minerals Ltd Share Price – NSE /  BSE

Steel, Small Cap

Chhattisgarh Hydro Power LLP has installed 24.9 MW Rehar Small Hydro Project and commenced the trail production of power.

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 company has reported a 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.

Shares of Sarda Energy & Minerals slipped 2.75% to Rs 459.80 on the BSE.

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Sarda Energy & Minerals announced that the 24.9 MW Rehar Small Hydro Power Project installed by Chhattisgarh Hydro Power LLP, a wholly owned subsidiary of the Company, has been synchronized with the Grid and commenced trial production of power.

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The company will operate the mine on a revenue-sharing model with the state government, set at 25.75%.

The mine has G8 (Provisional) grade of coal. The company stated that the necessary agreements will be finalized in the near future.

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 company 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.

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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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