Sandur Manganese & Iron Ores Limited announced its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. The Board of Directors approved the results at its meeting held on 7 May 2026. The company subsequently filed the necessary documents with stock exchanges, and the results were published in newspapers, including Financial Express and Sanjevani, on 8 May 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FY26 Financial Performance

For the full year FY26, the company reported consolidated revenue of ₹5,088 crore, a growth of 61% year-on-year. Consolidated EBITDA stood at ₹1,284 crore, up 49% YoY, while Profit After Tax (PAT) reached ₹658 crore, an increase of 40% YoY. On a standalone basis, total income was ₹2,076 crore, with EBITDA of ₹923 crore and PAT of ₹543 crore. The company achieved a standalone net debt-free balance sheet as of 31 March 2026, supported by the prepayment of Non-Convertible Debentures worth ₹423 crore in March 2026.

Q4FY26 Highlights

In the fourth quarter, consolidated total income stood at ₹1,531 crore, with EBITDA of ₹406 crore and PAT of ₹236 crore. Standalone Q4 total income was ₹687 crore, EBITDA was ₹308 crore, and PAT was ₹196 crore. The company noted that Q4 consolidated EBITDA margin expanded to 27%, while standalone EBITDA margin was 45%. Operational performance was strong, with manganese ore sales volumes surging 162% YoY to 1.20 lakh tonne and iron ore sales volumes rising 12% YoY to 15.10 lakh tonne.

Corporate Actions and Dividend

The Board recommended a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval. During the year, the company completed a bonus issue in the ratio of 2:1 and appointed Ernst & Young LLP as the Internal Auditor for FY26-27. The company also recognized exceptional items related to new Labour Codes. The audited results were reviewed by Statutory Auditor M/s. Deloitte Haskins & Sells.

Sandur Manganese & Iron Ores Limited has announced the appointment of Ernst & Young LLP as its Internal Auditor for the financial year 2026-27. The decision was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was formally communicated to the stock exchanges on 7 May 2026.

Board Approval at 384th Meeting

The Board of Directors approved the appointment at its 384th meeting held on Thursday, 7 May 2026, which commenced at 2:00 P.M. and concluded at 5:30 P.M. The appointment was made based on the recommendation of the Audit Committee, in compliance with applicable SEBI disclosure requirements, including SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026.

Appointment Details

The key details of the appointment, as disclosed under the applicable SEBI regulations, are outlined below:

Profile of Ernst & Young LLP

Ernst & Young LLP is a major professional services firm supporting organizations in managing risk, improving performance, complying with regulations, and navigating complex business transformations in India and globally. The firm brings extensive expertise across industries, making it a prominent choice for internal audit engagements of listed companies.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, and the relevant SEBI Master Circular. The communication was submitted to both BSE Limited and the National Stock Exchange of India Limited. The filing was signed by Neha Thomas, Company Secretary & Compliance Officer (ICSI Membership No. A60853), on behalf of Sandur Manganese & Iron Ores Limited.