Sarda Energy's FY26 Performance Driven by Power Agreements & Solar Expansion

Sarda Energy's FY26 Performance Driven by Power Agreements & Solar Expansion.webp


New Delhi, February 9 Sarda Energy & Minerals Ltd (SEML) on Monday said its profit after tax stood at Rs 190 crore in the October-December quarter of FY26, despite seasonal fluctuations and planned shutdowns.

The company has interests in steel, ferro alloys, and power generation, among other segments. It had reported a profit after tax of Rs 200 crore in the year-ago period, according to a statement from SEML.

The company's total income stood at Rs 1,360 crore in the third quarter of FY26, compared to Rs 1,319 crore in the year-ago period.

"SEML signed two new power purchase agreements (PPAs), a move aimed at improving medium-term earnings stability and visibility," said SEML Managing Director Pankaj Sarda.

The energy segment continued to demonstrate stability, supported by consistent operations across its assets, Sarda said, adding that the company continued to advance its captive solar project in Q3 FY26 as part of a clean-energy strategy to optimize costs.

For the first nine months of FY26, profit after tax (PAT) surged by 59 per cent year-on-year to Rs 954 crore, supported by strong operating performance across its integrated energy and metals businesses.

The company reported consolidated revenue of Rs 4,669 crore for 9M FY26, up 32 per cent year-on-year, while EBITDA rose 53 per cent to Rs 1,672 crore.
 
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clean energy energy ferro alloys financial performance power generation power purchase agreements profit after tax sarda energy & minerals ltd steel
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