Sarda Energy & Minerals Limited (SARDAEN) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 27, 2026 3 min read

Sarda Energy & Minerals enters its Q1 FY27 results with a focus on how its captive power advantage and vertical integration in iron ore hold up against rising input costs. Investors will be watching for margin trajectory in the power and steel segments as the company navigates elevated coal e-auction premiums and higher domestic iron ore prices.

Quick Details

Results date	August 01, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 1,633 Cr
Previous quarter PAT	Rs. 436.7 Cr
Market cap	Rs. 17698.35 Cr
CMP	Rs. 502.25

Sarda Energy & Minerals Limited Q1 Results Date and Time

The board meeting is scheduled for August 01, 2026, to consider the audited financial results and recommend dividend for FY 2026-2027.

What to expect from Sarda Energy & Minerals Limited's Q1 FY27 results

Sarda Energy & Minerals likely saw a year-over-year revenue increase in Q1 FY27, supported by rebar prices that remained significantly higher than the levels seen in Q1 FY26. While higher realisations in the steel and ferro alloy segments provided a tailwind, the company faced cost headwinds from NMDC's two iron ore price hikes in April and May 2026, which cumulatively raised costs by roughly 10–16%. Captive power costs were also impacted by elevated thermal coal e-auction premiums, which averaged 51% over notified prices in April 2026 and 36% in May 2026. Management's ability to maintain the power segment's PBIT margin, which stood at approximately 38% in the prior year, will be the primary indicator of how effectively these cost pressures were managed through the quarter.

Key Things To Watch

Coal cost pass-through

Assessment of how much thermal coal e-auction premium increase was absorbed versus passed through to merchant power tariffs
Impact of coal cost volatility on the Power segment PBIT margin, which reached 38.5% in FY26

Steel realisation trends

Comparison of company product mix realisations against the March 2026 rebar benchmark of Rs. 59,800/tonne
Monitoring of potential pricing pressure on long products due to India's status as a net steel importer in April 2026

Working capital and inventory

Movement in inventory carrying costs following the rise in iron ore and coal prices
Tracking of receivables days against the FY26 benchmark of 18 days

Frequently Asked Questions

How did coal e-auction premiums affect the company in Q1 FY27?

Coal e-auction premiums were strong at 51% over notified prices in April 2026 and 36% in May 2026. This created a headwind on captive power costs for coal procured through the spot channel compared to the company's own coal linkages.

What was the impact of NMDC price hikes on steel production costs?

NMDC raised iron ore prices twice during the quarter, with a cumulative increase of roughly 10–16% from pre-April levels. This served as a clear headwind for steel-making costs, particularly for long-product manufacturers.

Is the company's revenue growing compared to last year?

Revenue is likely up year-over-year, as rebar prices were substantially higher in early 2026 compared to the estimated Rs. 48,000–50,000/tonne levels seen in Q1 FY26. Additionally, power segment revenue may have been aided by higher merchant tariffs linked to coal costs.