Sandur Manganese profit jumps 88.13% to 261.25 crore rupees in second quarter
Key Facts
Sandur Manganese & Iron Ores reported consolidated net profit of 261.25 crore rupees in the second quarter of fiscal 2027, up 88.13% year on year, according to results data reported by Business Standard. Revenue from operations rose 22.22% to 1,506.13 crore rupees in the same period, according to Capital Market. Net profit therefore grew much faster than revenue, which increased by less than a third of its growth rate. Profit before exceptional items and tax was 311 crore rupees, up 78.02% year on year. The company also recorded an exceptional item of 9.32 crore rupees during the quarter.
Sequentially, net profit rose 14.66% from 227.85 crore rupees in the first quarter of fiscal 2027 to 261.25 crore rupees in the second quarter, according to Business Standard. This comparison presents a different picture from the year-on-year comparison, measuring the change between two consecutive quarters of the same fiscal year. Revenue was 1,506.13 crore rupees in the second quarter, with year-on-year growth of 22.22%, according to Capital Market. The available data did not provide first-quarter revenue for a comparable sequential assessment. Taken together, the quarterly and annual figures show profit rose in the quarter, with a clear gap between its growth rate and that of revenue.
Total expenses rose 12.9% year on year to 1,208.11 crore rupees in the second quarter, according to Capital Market. The cost of materials consumed was the largest expense item reported, rising 26.79% to 608.45 crore rupees. Employee benefit expenses increased 4.03% to 72.32 crore rupees. Finance costs rose faster, by 55.23%, to 25.58 crore rupees. These items reflect divergent cost trends during the period, from higher materials and financing costs to a slower increase in employee expenses.
On a standalone basis, the company's net profit rose 62% year on year to 178 crore rupees in the second quarter of fiscal 2027, according to an investor presentation reported by InvestyWise. This figure covers the standalone company's results, while 261.25 crore rupees is the group's consolidated net profit. For the first half, revenue from operations increased 21.67% year on year to 2,880.91 crore rupees, according to Capital Market. Consolidated net profit for the first half rose 59.71% to 487.37 crore rupees, compared with 305.15 crore rupees in the same period of fiscal 2026. These results place the quarter's profit within the performance of the first six months, which recorded annual growth in revenue and consolidated profit.
Sandur operates manganese ore and low-phosphorus iron ore mines in the Hosapete-Ballari region of Karnataka, according to Capital Market. This geographic and mineral focus provides context for the company's business, though the reported data did not detail each ore's contribution to quarterly revenue. The available information also did not include any statement on the share's movement or the market's reaction to the results. The published data here are limited to second-quarter and first-half results and their annual and quarterly comparisons. The reported fiscal period ends with the second quarter of fiscal 2027, while the first-half figures cover its first six months.