Sarda Energy Q4 FY26 earnings call: Revenue & Margins

Future growth expectations for Sarda Energy & Minerals Limited (SEML) as per the transcript: - **Revenue Growth:** - Consolidated revenue increased 23% Y-o-Y to INR5,928 crores in FY26. - Continued growth driven by strong operational momentum and expansions. - **Volume Growth:** - Thermal power generation reached a record 4,155 million units in FY26, up 84% Y-o-Y. - Hydropower generation increased 31% Y-o-Y to 661 million units in FY26. - Iron ore pellet production and sponge iron production achieved record levels. - **Expansion & Capex:** - Capex of INR500-700 crores planned over next two years, excluding large SKS power project expansion. - SKS power expansion with medium and long-term PPAs to improve realizations and sales volumes. - Iron ore pellet plant capacity at Raipur expansion underway to double capacity. - New hydro projects expected to commission over 3-4 years. - **Outlook:** - Growth supported by expansions in mining, thermal, hydro, and renewable power.

The transcript does not explicitly mention details about the current or expected order book or pending orders for Sarda Energy & Minerals Limited. However, from the discussion, the following points can be inferred related to their project pipeline and growth initiatives: - Approval and ongoing work on a 600 MW thermal power expansion, aiming to double capacity by FY2030. - Acquisition and development of a 66 MW hydropower project in Arunachal Pradesh, with most approvals secured. - Progress on three small hydropower projects (total 74 MW) in Chhattisgarh, in various stages of environmental clearances. - Commissioning of a 50 MW captive solar power plant expected by next quarter. - Ongoing 30 MW turbine generator replacement project to be completed by end of current quarter.