New Delhi, Aug. 4 -- Sarda Energy & Minerals saw its share price rise sharply by 20%, reaching a 5-month high of Rs.527 apiece in Monday's trade on August 4. The rally came in reaction to the company's stellar June-quarter performance, which boosted investor sentiment.
The company, on Saturday, reported a consolidated net profit of Rs.437 crore, marking a 120% YoY and 335% QoQ jump. Revenue from operations came in at Rs.1,633 crore compared to Rs.926 crore in the June 2024 quarter, representing a 76% YoY growth. At the operating level, EBITDA stood at Rs.617 crore versus Rs.261 crore in the year-ago quarter, with margins expanding by 1,000 basis points YoY to 38%.
The company stated that its energy segment emerged as the growth engine, ...
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