Sarda Energy & Minerals (504614) Q1 24/25 earnings summary

Executive summary

• Q1FY25 consolidated revenue was ₹926 Cr, down 12% year-over-year but up 4% sequentially.

• EBITDA rose 13% year-over-year to ₹336 Cr, with a margin of 33.5%.

• PAT increased 15% year-over-year to ₹198 Cr, with a PAT margin of 19.8%.

• Standalone revenue for Q1FY25 was ₹662 Cr, down 13% year-over-year.

• Standalone PAT was ₹181 Cr, up 14% year-over-year.

Financial highlights

• Standalone EBITDA margin improved to 35.2% from 26.4% year-over-year.

• EPS for Q1FY25 was ₹5.64 (consolidated) and ₹5.14 (standalone).

• Historical financials show FY24 consolidated revenue at ₹3,868 Cr and PAT at ₹524 Cr.

• Consolidated EBITDA for Q1FY25 was ₹254.81 Cr, up from ₹120.66 Cr in the previous quarter.

• Standalone EBITDA for Q1FY25 was ₹236.19 Cr, up from ₹144.37 Cr in the previous quarter.

Outlook and guidance

• Capacity expansions underway in coal mining, hydro, and solar power, with new projects expected to be operational in FY25.

• Waste to Wealth project for mineral fibre production to be operational by end of FY25.

• Solar power plant (50 MW) and hydro plant (24.9 MW) expected to achieve COD in FY25.

• The record date for the FY24 dividend is set for 30.08.2024.