Sandur Manganese reports strong Q2 FY26 performance, driven by strategic expansion

Sandur Manganese & Iron Ores Limited (SMIORE) announced a robust performance for the quarter and half year ended September 30, 2025. In Q2 FY26, the company reported a consolidated total income of ₹1,245 crore, marking a 336% year-over-year growth, with consolidated EBITDA reaching ₹285 crore, a 355% increase. Consolidated PAT stood at ₹139 crore, up 332% YoY. For H1 FY26, consolidated total income was ₹2,395 crore, with EBITDA at ₹599 crore and PAT at ₹306 crore.

Operational highlights include manganese ore production of 1.28 lakh tonnes and iron ore production of 8.93 lakh tonnes in Q2 FY26, with sales volumes increasing significantly year-over-year. The ferroalloys segment saw production of 14,115 tonnes, while the steel segment, consolidated from November 11, 2024, contributed 1.01 lakh tonnes in production and sales. SMIORE also emphasized its commitment to environmental stewardship, having planted 65,378 saplings and maintaining 1,752 hectares of dedicated forest land.

Strategic milestones include receiving environmental clearance for mining expansion from 1.6 to 4.5 MTPA of iron ore and the acquisition of Arjas Steel Private Limited, which bolstered its entry into the steel industry. The company also commissioned a 42.9 MW captive hybrid renewable energy project and a 20.4 MW solar energy project, reinforcing its focus on sustainable operations and energy self-sufficiency.