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The sales slipped to Rs. 3418.50 millions for the December 2019 quarter as against Rs. 4420.20 millions during the year-ago period.The Net proft of the company remain more or less same to Rs. 562.90 millions from Rs. 654.50 millions ,decline by -14.00%.A decline of 910.80 millions was observed in the OP in the quarter ended December 2019 from 1179.60 millions on QoQ basis. (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 3418.50 4420.20 -22.66 11433.50 13028.60 -12.24 16533.86 15150.94 9.13 Other Income 355.30 151.10 135.14 692.80 152.00 355.79 319.24 604.04 -47.15 PBIDT 910.80 1179.60 -22.79 2685.60 3322.10 -19.16 4063.91 3609.87 12.58 Interest 90.80 92.50 -1.84 255.10 265.50 -3.92 351.32 358.78 -2.08 PBDT 820.00 1087.10 -24.57 2430.50 3056.60 -20.48 3712.59 3173.10 17.00 Depreciation 129.60 123.80 4.68 386.60 375.70 2.90 499.61 485.81 2.84 PBT 690.40 963.30 -28.33 2043.90 2680.90 -23.76 3212.98 2687.30 19.56 TAX 127.50 308.80 -58.71 273.30 911.50 -70.02 1064.50 808.61 31.65 Deferred Tax -0.40 13.30 -103.01 -175.70 -37.60 367.29 -13.46 145.05 -109.28 PAT 562.90 654.50 -14.00 1770.60 1769.40 0.07 2148.48 1878.69 14.36 Equity 360.50 360.50 0.00 360.50 360.50 0.00 360.49 360.49 0.00 PBIDTM(%) 26.64 26.69 -0.16 23.49 25.50 -7.88 24.58 23.83 3.16
Sarda Energy & Minerals is currently trading at Rs. 173.75, up by 5.25 points or 3.12% from its previous closing of Rs. 168.50 on the BSE.The scrip opened at Rs. 168.50 and has touched a high and low of Rs. 175.50 and Rs. 168.50 respectively. So far 4894 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 438.00 on 31-Aug-2018 and a 52 week low of Rs. 159.65 on 02-Aug-2019.Last one week high and low of the scrip stood at Rs. 181.80 and Rs. 159.65 respectively. The current market cap of the company is Rs. 620.77 crore.The promoters holding in the company stood at 72.50%, while Institutions and Non-Institutions held 2.25% and 25.25% respectively.Sarda Energy & Minerals has received an approval for raising of funds up to an amount not exceeding Rs 1,000 crore through equity/equity related instruments. The Board of Directors of the company at their meeting held on August 03, 2019, approved the same. Sarda Energy & Minerals is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India.
The company witnessed a 20.48% growth in the revenue at Rs. 4185.35 millions for the quarter ended September 2018 as compared to Rs. 3473.88 millions during the year-ago period.Profit after tax for the quarter ended September 2018 reported a huge growth of 58.63% to Rs. 595.70 millions from Rs. 375.52 millions.Operating Profit saw a handsome growth to 1053.85 millions from 754.71 millions in the quarter ended September 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 4185.35 3473.88 20.48 8608.49 7683.04 12.05 15150.94 11470.03 32.09 Other Income 160.23 117.50 36.37 0.96 509.83 -99.81 604.04 361.42 67.13 PBIDT 1053.85 754.71 39.64 2142.46 1873.43 14.36 3609.87 2070.71 74.33 Interest 81.91 78.83 3.91 173.02 190.50 -9.18 358.78 416.19 -13.79 PBDT 971.94 675.88 43.80 1969.44 1682.93 17.02 3173.10 2089.92 51.83 Depreciation 122.78 125.64 -2.28 251.88 249.91 0.79 485.81 473.18 2.67 PBT 849.16 550.24 54.33 1717.56 1433.02 19.86 2687.30 1616.74 66.22 TAX 253.46 174.72 45.07 602.62 448.07 34.49 808.61 304.76 165.33 Deferred Tax -42.05 -32.39 29.82 -50.93 31.39 -262.25 145.05 -78.17 -285.56 PAT 595.70 375.52 58.63 1114.94 984.95 13.20 1878.69 1311.98 43.20 Equity 360.49 360.49 0.00 360.49 360.49 0.00 360.49 360.30 0.05 PBIDTM(%) 25.18 21.73 15.90 24.89 24.38 2.07 23.83 18.05 31.98
The company witnessed a 22.97% growth in the revenue at Rs. 3551.12 millions for the quarter ended December 2017 as compared to Rs. 2887.90 millions during the year-ago period.The company almost doubled its revenue to Rs. 343.98 millions from Rs. 112.21 millions in the quarter ended December 2017.Operating profit for the quarter ended December 2017 rose to 695.72 millions as compared to 606.63 millions of corresponding quarter ended December 2016. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 3551.12 2887.90 22.97 11234.16 8908.52 26.11 11470.03 11497.19 -0.24 Other Income 0.87 63.77 -98.64 510.70 271.89 87.83 361.42 397.40 -9.05 PBIDT 695.72 606.63 14.69 2569.15 1622.50 58.35 2070.71 1619.53 27.86 Interest 84.12 91.35 -7.91 274.62 291.15 -5.68 416.19 559.05 -25.55 PBDT 611.60 312.50 95.71 2294.53 1766.75 29.87 2089.92 1060.48 97.07 Depreciation 115.11 120.44 -4.43 365.02 355.35 2.72 473.18 505.13 -6.33 PBT 496.49 192.06 158.51 1929.51 1411.40 36.71 1616.74 555.35 191.12 TAX 152.51 79.85 91.00 600.58 283.24 112.04 304.76 181.60 67.82 Deferred Tax -6.78 -130.83 -94.82 24.61 -187.04 -113.16 0.00 0.00 0.00 PAT 343.98 112.21 206.55 1328.93 1128.17 17.80 1311.98 373.75 251.03 Equity 360.24 360.24 0.00 360.49 360.24 0.07 360.30 359.78 0.14 PBIDTM(%) 19.59 21.01 -6.73 22.87 18.21 25.57 18.05 14.09 28.16
A fair growth of 22.56% in the revenue at Rs. 3473.88 millions was reported in the September 2017 quarter as compared to Rs. 2834.42 millions during year-ago period.Net Profit witnessed a 199.36% growth almost the double from Rs. 125.44 millions to Rs. 375.52 millions of same quarter last year.OP of the company witnessed a marginal growth to 754.71 millions from 409.75 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201703 201603 % Var Sales 3473.88 2834.42 22.56 7683.04 6020.62 27.61 11470.03 11497.19 -0.24 Other Income 117.50 114.15 2.93 509.83 208.12 144.97 361.42 397.40 -9.05 PBIDT 754.71 409.75 84.19 1873.43 1015.87 84.42 2070.71 1619.53 27.86 Interest 78.83 91.44 -13.79 190.50 199.80 -4.65 416.19 559.05 -25.55 PBDT 675.88 318.31 112.33 1682.93 1454.25 15.72 2089.92 1060.48 97.07 Depreciation 125.64 117.72 6.73 249.91 234.91 6.39 473.18 505.13 -6.33 PBT 550.24 200.59 174.31 1433.02 1219.34 17.52 1616.74 555.35 191.12 TAX 174.72 75.15 132.50 448.07 203.39 120.30 304.76 181.60 67.82 Deferred Tax -32.39 32.63 -199.26 31.39 -56.21 -155.84 0.00 0.00 0.00 PAT 375.52 125.44 199.36 984.95 1015.96 -3.05 1311.98 373.75 251.03 Equity 360.49 359.78 0.20 360.49 359.78 0.20 360.30 359.78 0.14 PBIDTM(%) 21.73 14.46 50.28 24.38 16.87 44.51 18.05 14.09 28.16
Sarda Energy & Minerals is currently trading at Rs. 468.70, up by 0.20 points or 0.04% from its previous closing of Rs. 468.50 on the BSE.The scrip opened at Rs. 469.10 and has touched a high and low of Rs. 469.85 and Rs. 464.00 respectively. So far 5540 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 488.35 on 11-Oct-2017 and a 52 week low of Rs. 185.00 on 22-Nov-2016.Last one week high and low of the scrip stood at Rs. 478.85 and Rs. 452.05 respectively. The current market cap of the company is Rs. 1683.50 crore.The promoters holding in the company stood at 71.81%, while institutions and non-institutions held 2.48% and 25.71% respectively.Sarda Energy & Minerals has taken a planned shut-down of one of its three power generating units for replacement of old turbine machine by a new energy efficient turbine machine supplied by BHEL. The new turbine machine will help in generating more power from the existing quantum of steam. The unit is expected to come into operation before the end of the current financial year. The Company has already replaced one of its old turbine with a new turbine, which came into operation in April 2017. Sarda Energy & Minerals is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India.
Sarda Energy & Minerals has informed about Replacement of Turbine of Power Plant.The above information is a part of company’s filings submitted to BSE.
Sarda Energy & Minerals has informed about Submission of Audit Report in respect of Sharepro Services (I) Pvt. Ltd.The above information is a part of company’s filings submitted to BSE.
Sarda Energy & Minerals has informed about disclosure as per Regulation 52(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Sarda Energy & Minerals has informed that in the evening hours on March 07, 2016, naxalites have attacked Company’s iron ore mine in dongarbore, causing death of one employee and damage of a few vehicles. The vehicles were adequately insured. The Company has temporarily suspended the operations of the mine.The above information is a part of company’s filings submitted to BSE.
Sarda Energy & Minerals has informed about the details of voting results at the 42nd Annual General Meeting (AGM) of the Company held on September 28, 2015, under Clause 35A of Listing Agreement.The above information is a part of company’s filings submitted to BSE.
Sarda Energy & Minerals has informed that the 42nd Annual General Meeting (AGM) of the Company was held on September 28, 2015.The above information is a part of company’s filings submitted to BSE.