Sandur Manganese & Iron Ores Ltd
Sandur Manganese & Iron Ores Q2 FY24: Revenue ₹202 Cr, PAT ₹26 Cr
Q2 FY24 investor presentation: what the company reported on revenue, margins and projects.
Based on Sandur Manganese & Iron Ores Ltd's Q2 FY24 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.
The short version
Q2FY24 Revenue & Volumes: - Total Income: ₹202 Crore (47% QoQ decline, 59% YoY decline) - Sales Volumes: - Manganese Ore: 0.52 Lakh Tonnes (20% YoY increase) - Iron Ore: 0.14 Lakh Tonnes (91% YoY decrease) - Ferroalloys: 3.40 Lakh Tonnes (117% YoY increase) - Coke: 7,193 Tonnes (96% YoY decrease) - Realizations YoY Change: - Manganese Ore: Marginal decrease - Iron Ore: Flattish - Ferroalloys: Marginal increase - Coke: Significant decrease - Outlook: - Mining expansion nearing completion with increase in iron ore mining capacity from 1.60 to 3.81 MTPA approved. Q2 FY24 Financial Highlights (Page 16): - EBITDA: ₹55 Crore, up 4% YoY - Operating Margin (EBITDA margin): 27% - PAT: ₹26 Crore, up 20% YoY - Year-on-year changes: - Total Income declined by 59% YoY - EBITDA up by 4% - PAT up by 20% - Margin movement: - EBITDA margin contracted by 1,659 basis points YoY - PAT margin contraction of 861 basis points YoY - No explicit margin outlook is provided in the presentation.
From Sandur Manganese & Iron Ores Ltd's Q2 FY24 earnings-call transcript · updated 25 Sept 2026.
Revenue & Sales Performance
- Q2FY24 Revenue & Volumes:
- Total Income: ₹202 Crore (47% QoQ decline, 59% YoY decline)
- Sales Volumes:
- Manganese Ore: 0.52 Lakh Tonnes (20% YoY increase)
- Iron Ore: 0.14 Lakh Tonnes (91% YoY decrease)
- Ferroalloys: 3.40 Lakh Tonnes (117% YoY increase)
- Coke: 7,193 Tonnes (96% YoY decrease)
- Realizations YoY Change:
- Manganese Ore: Marginal decrease
- Iron Ore: Flattish
- Ferroalloys: Marginal increase
- Coke: Significant decrease
- Outlook:
- Mining expansion nearing completion with increase in iron ore mining capacity from 1.60 to 3.81 MTPA approved.
- Efforts ongoing to enhance mining production to 4.50 MTPA.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Sandur Manganese & Iron Ores Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Iron ore production expansion from 1.60 MTPA to 4.50 MTPA; Environmental Clearance obtained; efforts ongoing to enhance MPAP to 4.50 MTPA; Consent for Operation to operate at 3.81 MTPA approved, final stages of approvals in progress (Page 18, 19).
- Downhill Conveyor System (DCS) project on track and expected to be operational shortly (Page 18).
- Phase 2 CAPEX planned to integrate existing operations and deliver new growth drivers; no specific amount or timeline disclosed (Page 12).
- Proposed manganese ore production increase from 0.28 to 0.58 MTPA (Page 9).
- Ferroalloys capacity: existing 95,000/125,000 TPA (SiMn/FeMn) with plans to add new products, actual capacities may vary (Page 10).
2 more points management made on capital expenditure plans
Top-ranked in Ferrous Metals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Sandur Manganese & Iron Ores Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
Sandur Manganese & Iron Ores Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net profit ₹236 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sandur Manganese & Iron Ores Ltd's management said in earlier quarters
Frequently Asked Questions
What were Sandur Manganese & Iron Ores Ltd Q2 FY24 results?
Q2FY24 Revenue & Volumes: - Total Income: ₹202 Crore (47% QoQ decline, 59% YoY decline) - Sales Volumes: - Manganese Ore: 0.52 Lakh Tonnes (20% YoY increase) - Iron Ore: 0.14 Lakh Tonnes (91% YoY decrease) - Ferroalloys: 3.40 Lakh Tonnes (117% YoY increase) - Coke: 7,193 Tonnes (96% YoY decrease) - Realizations YoY Change: - Manganese Ore: Marginal decrease - Iron Ore: Flattish - Ferroalloys: Marginal increase - Coke: Significant decrease - Outlook: - Mining expansion nearing completion with increase in iron ore mining capacity from 1.60 to 3.81 MTPA approved. Q2 FY24 Financial Highlights (Page 16): - EBITDA: ₹55 Crore, up 4% YoY - Operating Margin (EBITDA margin): 27% - PAT: ₹26 Crore, up 20% YoY - Year-on-year changes: - Total Income declined by 59% YoY - EBITDA up by 4% - PAT up by 20% - Margin movement: - EBITDA margin contracted by 1,659 basis points YoY - PAT margin contraction of 861 basis points YoY - No explicit margin outlook is provided in the presentation.
What is Sandur Manganese & Iron Ores Ltd share price analysis?
Sandur Manganese & Iron Ores Ltd currently shows a neutral. The stock trades at a P/E of 12.2 with a market cap of ₹9,012 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sandur Manganese & Iron Ores Ltd planning capital expenditure?
Iron ore production expansion from 1.60 MTPA to 4.50 MTPA; Environmental Clearance obtained; efforts ongoing to enhance MPAP to 4.50 MTPA; Consent for Operation to operate at 3.81 MTPA approved, final stages of approvals in progress (Page 18, 19).
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.