Sandur Manganese soars after Q2 PAT climbs 88% YoY to Rs 260 cr

Sandur Manganese & Iron Ore zoomed 10.42% to Rs 181.20 after the company?s consolidated net profit surged 87.9% to Rs 260.28 crore in Q2 FY27 compared with Rs 138.52 crore in Q2 FY26.

Revenue from operations climbed 22.22% YoY to Rs 1,506.13 crore in Q2 FY27.

Profit before exceptional items and tax rose 78.02% YoY to Rs 311 crore in Q2 FY27 from Rs 174.70 crore in Q2 FY26. The company reported exceptional items of Rs 9.32 crore during the quarter.

Total expenses increased 12.9% YoY to Rs 1,208.11 crore in the quarter under review. Cost of materials consumed rose 26.79% YoY to Rs 608.45 crore, while employee benefit expenses increased 4.03% to Rs 72.32 crore. Finance costs climbed 55.23% YoY to Rs 25.58 crore.

For the first half of FY27, the company?s consolidated net profit climbed 59.71% YoY to Rs 487.37 crore in H1 FY27 compared with Rs 305.15 crore in H1 FY26. Revenue from operations increased 21.67% YoY to Rs 2,880.91 crore in Q2 FY27.

Sandur Manganese & Iron Ores is the flagship company of the Karnataka-based Sandur Group. The company is engaged in mining low-phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka.

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