SARDAEN Q4 Results 2026 Preview: Date, Time, Expectations & Key Things To Watch

Sarda Energy & Minerals is navigating a strategic pivot toward power generation as its core earnings driver while managing a diversified portfolio of mining and steel assets. Investors will be looking for updates on the company's aggressive power expansion pipeline and the impact of recent regulatory clearances on its long-term growth trajectory.

SARDAEN Q4 Results Date and Time

The board meeting is scheduled for May 23, 2026, to review FY2025-26 financial performance, approve audited results, and consider dividend for FY ended 31st March 2026.

What to expect from SARDAEN's Q4 FY26 results

In its most recently reported quarter, Sarda Energy & Minerals Limited posted revenue of Rs. 1,360 Cr, PAT of Rs. 190 Cr, and an EBITDA margin of 29%. The energy segment remains the primary profit engine, contributing over two-thirds of consolidated EBITDA in 9M FY26. Management is currently executing on a capital expenditure plan of Rs. 550-600 Cr for FY26, with over Rs. 400 Cr deployed by the end of the third quarter. The company is also progressing on the 800 MW thermal expansion project, which requires environmental clearances and an estimated investment of Rs. 8,000 Cr. The upcoming results will clarify the impact of seasonal recovery in hydropower generation following the maintenance-related disruptions seen in the third quarter.

Key Things To Watch

Performance vs Guidance Tracking

• FY26 Capex — Rs. 550-600 Cr — 9M actual >Rs. 400 Cr — On track
• Power PLF — 80% annual average — On track
• Shahpur Coal Mine — Start production in FY2026-2027 — On track

Strategic Expansion Updates

• SKS Plant Doubling — MoU signed; environmental clearances expected to take 2 years post-approval
• 800 MW Power Expansion — Environmental clearances being sought; projected capex of Rs. 8,000 Cr
• 66 MW Hydro Acquisition — Majority stake acquisition in AKPPL completed for Rs. 25 crore

Operating Metric Trajectory

• Hydropower Generation — 621 million units in Q3 FY26 vs 485 million units in Q3 FY25
• Coal Cost Savings — Expected reduction of Rs. 200-250 per metric ton for FY26

Risks and Headwinds to Monitor

• Steel Price Weakness — Management noted pricing is at the cyclical bottom due to increased imports
• Regulatory — Detailed order awaited on Supreme Court rejection of appeals regarding SKS Power Resolution Plan