Sandur Manganese & Iron Ores Ltd
Sandur Manganese & Iron Ores Q2 FY26: Revenue ₹447 Cr, PAT ₹110 Cr
Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.
Based on Sandur Manganese & Iron Ores Ltd's Q2 FY26 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
Q2FY26 Revenue and Volumes (YoY changes): - Manganese ore production: 1.28 Lakh Tonne, sales: 0.81 Lakh Tonne; sales volume up 335% YoY. Q2FY26 Financial Highlights (Standalone): - EBITDA: ₹194 Crore - PAT: ₹110 Crore - EBITDA margin: 43% - PAT margin: 25% - Year-on-year (YoY) growth: EBITDA +50%, PAT +34% (from Page 21) - Note: Margin expansion YoY for EBITDA is 1,648 bps and for PAT 748 bps (Page 21) - Q2FY26 Financial Highlights (Consolidated including Arjas Steel): - EBITDA: ₹285 Crore - PAT: ₹139 Crore - EBITDA margin: 23% - PAT margin: 11% - YoY growth: EBITDA +117%, PAT +73% (Page 21) - Margin contraction YoY for EBITDA and PAT indicated (538 bps and 663 bps respectively) - Margin Outlook: - The presentation does not explicitly state a margin outlook but highlights focus on operational excellence and optimisation to improve production and margins (Pages 8, 22).
From Sandur Manganese & Iron Ores Ltd's Q2 FY26 earnings-call transcript · updated 25 Sept 2026.
Revenue & Sales Performance
- Q2FY26 Revenue and Volumes (YoY changes):
- Manganese ore production: 1.28 Lakh Tonne, sales: 0.81 Lakh Tonne; sales volume up 335% YoY.
- Iron ore production: 8.93 Lakh Tonne, sales: 7.85 Lakh Tonne; sales volume up 30% YoY.
- Ferroalloys production: 14,115 Tonnes, sales: 14,094 Tonnes; sales volume up 137% YoY.
- Steel production and sales stable, marginal gains YoY.
- Coke production 0 Tonne (excludes 58,304 tonnes under contract).
- Financials Q2FY26 (YoY growth):
- Standalone total income: ₹447 Crore (3% YoY growth in H1, 57% in Q2).
- Consolidated total income: ₹1,245 Crore (163% growth in H1, 336% in Q2).
- Outlook:
- Management anticipates stronger growth ahead despite seasonally soft quarter.
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 capacity enhanced from 1.60 MTPA to 4.45 MTPA, with approvals:
- Environmental Clearance in April 2023 for expansion to 4.5 MTPA.
- Consent for Operation expansion received in April 2025, permitting increase from 3.81 to 4.36 MTPA, including incidental iron ore handling until August 2026.
- Approval for enhancement of Permissible Annual Production limit to 4.36 MTPA received in January 2025.
- Additional EC and Consent for Operation for manganese ore granted in September 2024.
- Manganese ore capacity expanded from 0.28 MTPA to 0.599 MTPA.
- Hybrid renewable energy projects commissioned:
- 42.9 MW captive hybrid renewable energy project commissioned in June 2023.
- Arjas Steel solar energy project of 20.4 MW.
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.
Full financials →Continue your research
What Sandur Manganese & Iron Ores Ltd's management said in earlier quarters
Others in Ferrous Metals this season
- Shri Hare-Krish. (Q2 FY26)
Sponge iron capacity currently at 36,050 metric tons with ~84% utilization. Key concall takeaways from Shri Hare-Krishna Sponge Iron Ltd's Q2 FY26 earnings…
- Tata Steel Ltd (Q2 FY26)
Domestic volumes grew significantly (e.g., 20% QoQ increase in domestic deliveries) showcasing strong customer demand (Page 3). Key concall takeaways from Tata…
- S A I L (Q2 FY26)
36,000 crores): . Key concall takeaways from Steel Authority of India Ltd's Q2 FY26 earnings call — and how it ranks against sector peers.
Frequently Asked Questions
What were Sandur Manganese & Iron Ores Ltd Q2 FY26 results?
Q2FY26 Revenue and Volumes (YoY changes): - Manganese ore production: 1.28 Lakh Tonne, sales: 0.81 Lakh Tonne; sales volume up 335% YoY. Q2FY26 Financial Highlights (Standalone): - EBITDA: ₹194 Crore - PAT: ₹110 Crore - EBITDA margin: 43% - PAT margin: 25% - Year-on-year (YoY) growth: EBITDA +50%, PAT +34% (from Page 21) - Note: Margin expansion YoY for EBITDA is 1,648 bps and for PAT 748 bps (Page 21) - Q2FY26 Financial Highlights (Consolidated including Arjas Steel): - EBITDA: ₹285 Crore - PAT: ₹139 Crore - EBITDA margin: 23% - PAT margin: 11% - YoY growth: EBITDA +117%, PAT +73% (Page 21) - Margin contraction YoY for EBITDA and PAT indicated (538 bps and 663 bps respectively) - Margin Outlook: - The presentation does not explicitly state a margin outlook but highlights focus on operational excellence and optimisation to improve production and margins (Pages 8, 22).
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 capacity enhanced from 1.60 MTPA to 4.45 MTPA, with approvals: - Environmental Clearance in April 2023 for expansion to 4.5 MTPA.
Keep Sandur Manganese & Iron Ores Ltd on your radar — track it to get its next earnings analysis in your feed.
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.