Sarda Energy & Minerals Limited, Update
Sarda Energy & Minerals Limited (SEML) – the flagship company of Sarda Group – a vertically integrated producer of steel with captive iron ore has posted its Q1 FY23 Numbers today.
The Company, on a consolidated basis, has reported revenue of INR 1252.40 Cr for the quarter ended 30 June 2022 as compared to INR 1051.09 Cr for the last quarter, ended 31 March 2022, registering a growth of 19.15% Q-O-Q basis.
However, the year-on-year revenue of the company grew by 52.11% (revenue of INR 823.33 Cr for the period ended 30 June 2021)
Among the segment, the “Steel” and the “Ferro Alloys” business is the highest revenue generator for SEML, registering revenue of INR 589.27 Cr and INR 568.03 Cr respectively for the Q1 ended 30 June 2022, followed by the “Power” business, the revenue of INR 246.88 Cr.
Expenses of the Company stood at –
INR 966.91 Cr as on 30 June 2022,
INR 594.55 Cr as on 30 June 2021,
INR 797.71 Cr as on 31 March 2022
PAT
The consolidated net profit of the company stood at INR 173.03 crore for the period ended 30 June 2022 as against INR 206.95 crore for the previous quarter, ended 31 March 2022, a fall of 16.39 percent Q-O-Q basis.
While Y-O-Y PAT of the company grew by 3.19 percent (profit of INR 167.68 crore for the same period last year)
The Company’s bottom line was affected mainly by higher raw material (commodity) prices coupled with higher depreciation and amortisation expenses.
EPS (basic) of the company –
INR 48.19 as on 30 June 2022,
INR 46.63 as on 30 June 2021,
INR 59.20 as on 31 March 2022
Daily Chart –
sarda energy share closed at INR 950.20 on the NSE, up 2.52% on Friday with a volume of 66,938 shares.
The shares of Sarda Energy & Minerals Limited are currently trading at 30% below when compared to its 52-week high of INR 1360.
Also Read: Q1 Numbers of DALMIA BHARAT SUGAR INDUSTRIES LTD
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