Q1 2025 Sarda Energy & Minerals Ltd Earnings Call Transcript
Key Points
- Sarda Energy & Minerals Ltd (BOM:504614) achieved consolidated quarterly revenue of INR926 crores in Q1 FY25, up from INR889 crores in the previous quarter.
- Consolidated profit after tax increased to INR199 crores, significantly higher than INR88 crores last quarter and INR172 crores in Q1 FY24.
- The company is net debt-free with strong liquidity, holding cash and liquid investments of around INR1,300 crores as of June 30.
- The 25-megawatt Rehar hydropower project is nearing completion and is expected to be commissioned by the end of this quarter.
- Work on the 50-megawatt captive solar power project is progressing as scheduled, with the plant expected to be operational by the end of the current financial year.
- Hydropower generation decreased by 13% due to delayed launches.
- Steel prices have been negatively impacted by increased exports from China due to subdued domestic demand.
- The company experienced a 6% to 8% decline in steel product prices from June, affecting overall revenue.
- There has been no material correction in raw material prices, which could impact future profitability.
- The company faces delays in obtaining necessary clearances for coal mining projects, which could affect future production timelines.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 earnings conference call of Sarda Energy & Minerals Limited. (Operator Instructions)
Please note that this conference is being recorded.
Today, we are honored to have with us from the management team, Mr. Pankaj Sarda, Joint Managing Director of Sarda Energy & Minerals Limited; Mr. Manish Sarda, Deputy Managing Director of Sarda Metals & Alloys Limited; Mr. PK Jain, Director and Chief Financial Officer; and Mr. Nilay Joshi, Head, Corporate Finance at Sarda Energy & Minerals Limited.
This call may contain some of the forward-looking statements, which are completely based upon our beliefs, opinions, and expectations as of today. These statements are not a guarantee of our future performance and involve unforeseen risks and uncertainties. The company also undertakes no obligation to update any forward-looking statement to reflect developments that occur after a statement is made.
I would now like to hand the conference over to Mr. Pankaj Sarda for opening remarks. Thank you, and over to you, sir.
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