Raipur-based Sarda Group’s flagship firm Sarda Energy & Minerals reported a 5.4% year-on-year decline in consolidated net profit to ₹306 crore for the second quarter of FY27, compared to ₹323 crore in the corresponding quarter last year.
Revenue declined 4.9% to ₹1,453 crore from ₹1,528 crore a year ago. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) remained largely unchanged at ₹513 crore against ₹512 crore in Q2 FY26.
However, EBITDA margin improved to 35.3% from 33.5% in the year-ago quarter.
Segment performance
The company’s consolidated segment revenue stood at ₹1,595.74 crore in Q2 FY27, compared to ₹1,739.30 crore in Q2 FY26.
Steel segment revenue declined to ₹397.90 crore from ₹447.38 crore, while Ferro Alloys revenue stood at ₹393.57 crore against ₹396.02 crore.
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.
For the first half of FY27, total segment revenue stood at ₹3,357.73 crore, compared to ₹3,558.90 crore in H1 FY26.
Shares of Sarda Energy & Minerals ended 4.21% lower at ₹438.70 on the NSE on October 30, ahead of earning announcement.
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