Interim report
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An ISO 9001, ISO 14001 & ISO 45001 Certified Company SARDA ENERGY & MINERALS LTD. 31st October 2026 BSE Ltd The Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street – Mumbai 400 001 Security Code No. :504614 National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra (E), Mumbai – 400051 Fax. No: 022-26598237/38, 022-26598347/48 Symbol: SARDAEN Series: EQ Dear Sir, Sub: Outcome of Board Meeting held on 31st October 2026 In continuation to earlier intimation, please be informed that the Board of Directors of the Company at their meeting held today, have, approved the unaudited, standalone and consolidated results (financial and segment wise) for the 2nd quarter and half year ended 30th September 2026. A copy of the said results (Annexure 1) along with the Limited Review Report issued by the Statutory Auditors of the Company containing unmodified opinion on the unaudited standalone and consolidated financial results for the 2nd quarter and half year ended 30th September 2026 is enclosed (Annexure 2). Please also be informed that: i. the results are being filed and published as required; and ii. the meeting started at 11.30 a.m. and concluded at 2.00 p.m. You are requested to take the same on record and disseminate it for the information of the stakeholders. Thanking you, Yours faithfully, For Sarda Energy & Minerals Ltd. Company Secretary Encl: As above.
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Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Audited 1 a) Income from Operations 1,056.72 1,161.61 1,091.02 2,218.33 2,396.64 4,324.63 b) Other Operating Income 0.70 0.93 1.23 1.63 2.70 9.06 Revenue from Operations 1,057.42 1,162.54 1,092.25 2,219.96 2,399.34 4,333.69 c) Other Income 35.17 70.01 68.49 105.18 138.87 235.39 Total Income1,092.59 1,232.55 1,160.74 2,325.14 2,538.21 4,569.08 2 a)Cost of Materials consumed 542.68 533.75 532.15 1,076.43 1,108.89 2,137.76 b)Purchase of stock in-trade 75.02 29.52 26.76 104.54 55.76 137.41 c)Changes in inventories of finished goods, WIP and stock-in-trade(29.99) (12.49) 19.56 (42.48) 28.86 (22.81) d)Employee benefit expenses 42.21 44.08 38.99 86.29 78.19 166.23 e)Finance Costs 31.20 32.54 34.10 63.74 69.12 132.38 f) Depreciation and amortisation expenses 58.19 55.27 51.82 113.46 102.53 210.36 g)other expenses 144.10 125.78 142.41 269.88 269.37 544.67 Total Expenses 863.41 808.45 845.79 1,671.86 1,712.72 3,306.00 3 Profit /(Loss) from ordinary activities before exceptional items (1-2)229.18 424.10 314.95 653.28 825.49 1,263.08 4 Exceptional items-Income / (Expense) - - - - - - 5 Profit /(Loss) from ordinary activities before tax 229.18 424.10 314.95 653.28 825.49 1,263.08 6 Tax Expense Current Tax - - - - - - Deferred Tax 53.69 105.53 75.27 159.22 199.76 314.37 7 Net Profit /(Loss) from ordinary activities after tax (5-6) 175.49 318.57 239.68 494.06 625.73 948.71 Total Profit / (Loss) 175.49 318.57 239.68 494.06 625.73 948.71 8 Other comprehensive income Items that will not be reclassified to profit or loss (0.43) (0.42) (0.59) (0.85) (1.17) (1.70) Income tax relating to items that will not be reclassified to profit or loss - - - - - - Items that will be reclassified to profit or loss - - - - - - Income tax relating to items that will be reclassified to profit or loss - - - - - - 9 TOTAL COMPREHENSIVE INCOME , NET OF TAX 175.06 318.15 239.09 493.21 624.56 947.01 10 Paid up equity share capital (Eq. shares of ₹1/- each) 35.24 35.24 35.24 35.24 35.24 35.24 11 Earnings per share of ₹1/- each (not annualised) a) Basic 4.98 9.04 6.80 14.02 17.76 26.92 b) Diluted 4.98 9.04 6.80 14.02 17.76 26.92 NOTES :- 1 2 3 4 5 PLACE : RAIPUR DATE : 31.10.2026 SARDA ENERGY & MINERALS LIMITED Regd. Office: 73A, Central Avenue, Nagpur - 440 018 website: www.seml.co.in email: cs@seml.co.in Ph: 0712-2722407 CIN: L27100MH1973PLC016617 Expenses Particulars Quarter Ended Half Year Ended Unaudited Unaudited Income STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30/09/2026 (₹ in Crore except per share data) The above results have been reviewed by the Audit committee and approved by the Board of Directors of the company in its meeting held on 31st October 2026. These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (lnd AS) as prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. The other income includes interest, share of profit / (loss) in LLP and effect of change in fair value of market investments. The above results are also available on the Company's website - www.seml.co.in and also on the website of BSE and NSE. FOR AND ON BEHALF OF BOARD OF DIRECTORS P.K. JAIN WHOLETIME DIRECTOR & CFO The figures for the corresponding previous periods have been regrouped, wherever necessary, to make them comparable.
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(₹ in Crore) Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Audited 1 Segment Revenue a) Steel 397.90 446.55 447.36 844.45 933.37 1,920.89 b) Ferro Alloys 222.80 169.20 146.14 392.00 295.89 637.70 c) Power 518.11 647.56 655.57 1,165.67 1,443.69 2,271.67 d) Unallocated 3.67 4.62 3.52 8.29 8.77 20.18 Total 1,142.48 1,267.93 1,252.59 2,410.41 2,681.72 4,850.44 Less: Inter Segment Revenue 85.06 105.39 160.34 190.45 282.38 516.75 Net Sales/Income from operations 1,057.42 1,162.54 1,092.25 2,219.96 2,399.34 4,333.69 2 Segment Results Profit/(Loss) before tax and interest and forex fluctuation gain/(loss) a) Steel 47.79 71.29 74.14 119.08 172.38 318.10 b) Ferro Alloys 26.11 35.94 27.31 62.05 53.25 108.31 c) Power 185.00 312.92 208.63 497.92 586.07 876.20 Total 258.90 420.15 310.08 679.05 811.70 1,302.61 Less: i) Interest & Forex fluctuation Gain/(Loss) (30.69) (32.21) (35.96) (62.90) (70.33) (133.48) 0.97 36.16 40.83 37.13 84.12 93.95 Total Profit before tax 229.18 424.10 314.95 653.28 825.49 1,263.08 3 Segment Assets a) Steel 1,262.33 1,299.27 1,027.63 1,262.33 1,027.63 1,241.41 b) Ferro Alloys 235.99 248.30 216.40 235.99 216.40 238.08 c) Power 4,009.14 3,997.16 3,823.13 4,009.14 3,823.13 3,834.40 d) Unallocated 4,022.75 3,746.83 3,462.03 4,022.75 3,462.03 3,577.00 Total 9,530.21 9,291.56 8,529.19 9,530.21 8,529.19 8,890.89 4 Segment Liabilities a) Steel 194.72 165.13 122.15 194.72 122.15 143.20 b) Ferro Alloys 35.47 7.61 63.48 35.47 63.48 45.76 c) Power 1,741.16 1,725.05 1,724.79 1,741.16 1,724.79 1,715.71 d) Unallocated 422.97 362.46 228.04 422.97 228.04 273.06 Total 2,394.32 2,260.25 2,138.46 2,394.32 2,138.46 2,177.73 NOTES :- 1 PLACE : RAIPUR DATE : 31.10.2026 WHOLETIME DIRECTOR & CFO SARDA ENERGY & MINERALS LIMITED Regd. Office: 73A, Central Avenue, Nagpur - 440 018 website: www.seml.co.in email: cs@seml.co.in Ph: 0712-2722407 CIN: L27100MH1973PLC016617 STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND HALF YEAR ENDED 30/09/2026 Particulars Quarter ended Half Year Ended Unaudited Unaudited ii) Unallocable expenditure net off unallocable income. Gain/(Loss) The figures for the corresponding previous periods have been regrouped, wherever necessary, to make them comparable. P.K. JAIN
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(₹ in Crore) Half Year Ended Half Year Ended 30.09.2026 30.09.2025 A. 653.28 825.49 Depreciation and amortization expense 113.46 102.53 Finance Costs 63.74 69.12 Allowance/(Reversal) for credit losses on financial assets 2.30 0.07 Interest Income (77.21) (44.88) Corporate Guarantee Commission (0.33) (0.26) Net (Gain)/Loss on investments pertaining to Fair valuation and foreign currency transaction 13.07 (35.89) Dividend Income (7.87) (9.19) (Profit) / Loss on sale of PPE, sale of investment and scrapping of assets (5.93) (4.90) Share of (Profit)/loss in Partnership Firm (23.17) (38.58) Operating profit before working capital changes 731.34 863.51 Trade Receivables (68.94) 5.45 Inventories 35.21 105.64 Trade Payables 17.26 (10.53) Loans and advances and other assets (110.45) 40.37 Liabilities and provisions 74.51 30.55 678.93 1,034.99 Income Tax Paid (2.06) (7.46) 676.87 1,027.53 B. Investment in PPE including capital advances (148.35) (203.07) Sale proceeds of PPE 2.68 0.03 Investment made in Subsidiaries (0.03) (0.07) Investment in FDR (made)/Liquidated (195.07) 66.01 Other Investments (made)/liquidated (251.46) (854.62) Loan/Interest repaid by/(given) to related parties (26.88) 11.41 Loan/Interest repaid by/(given) to Others (7.60) 100.37 Interest received 77.21 44.88 Dividend received 7.87 9.19 (541.63) (825.87) C. Repayment of long term borrowings (31.53) (29.67) Short term borrowings (net) (12.58) (60.57) Finance cost (54.86) (62.52) Dividend paid (70.48) (52.86) Payment of Lease Liabilites - (2.99) (169.45) (208.61) (34.21) (6.95) 53.84 23.81 19.63 16.86 Supplementary Information: 1.29 48.70 (a) Cash and cash equivalent include the following : Cash on Hand 0.51 0.44 Balances with banks 19.12 16.42 19.63 16.86 (b) Figures in brackets represent outflows. PLACE: RAIPUR DATE : 31.10.2026 NET CASH GENERATED FROM (USED IN) OPERATING ACTIVITIES SARDA ENERGY & MINERALS LIMITED STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30th SEPTEMBER 2026 PARTICULARS Unaudited CASH FLOW FROM OPERATING ACTIVITIES : Profit before tax as per statement of Profit & Loss Adjustments to reconcile profit before tax to cash generated by operating activities Changes in working capital Cash generated from operations Notes: CASH FLOW FROM INVESTING ACTIVITIES : NET CASH (USED)/GENERATED IN INVESTING ACTIVITIES CASH FLOW FROM FINANCING ACTIVITIES : NET CASH (USED)/GENERATED IN FINANCING ACTIVITIES NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD Restricted Cash Balance FOR AND ON BEHALF OF BOARD OF DIRECTORS P.K. JAIN WHOLETIME DIRECTOR & CFO
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(₹ Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Audited 1 Income from Operations 1,423.23 1,589.47 1,516.83 3,012.70 3,142.33 5,643.76 Other Operating Income 29.61 18.57 10.95 48.18 18.56 46.69 a) Revenue from Operations 1,452.84 1,608.04 1,527.78 3,060.88 3,160.89 5,690.45 b) Other Income 51.73 108.49 68.31 160.22 147.88 237.09 Total Income 1,504.57 1,716.53 1,596.09 3,221.10 3,308.77 5,927.54 2 a) Cost of Materials consumed 658.48 652.94 705.12 1,311.42 1,465.94 2,782.86 b) Purchase of stock in-trade 82.56 33.74 26.64 116.30 56.12 146.93 c) Changes in inventories of finished goods, work in progress and stock in (74.60) (17.37) 25.99 (91.97) 24.26 (11.80) d) Employee benefit expenses 57.19 58.20 50.99 115.39 101.77 221.51 e) Finance Costs 57.09 58.44 64.10 115.53 126.59 244.46 f) Depreciation and amortisation expenses 92.24 88.77 85.20 181.01 166.28 340.81 g) Other expenses 216.65 227.10 207.19 443.75 383.77 763.52 Total Expenses 1,089.61 1,101.80 1,165.23 2,191.43 2,324.73 4,488.29 3 Profit /(Loss) from ordinary activities before exceptional items(1-2) 414.96 614.71 430.86 1,029.67 984.04 1,439.25 4 Exceptional items-Income / (Expense) - - - - - 10.24 5 Profit /(Loss) from ordinary activities before tax 414.96 614.71 430.86 1,029.67 984.04 1,449.49 6 Tax Expense Current Tax 11.39 6.04 12.81 17.42 18.20 18.07 Deferred Tax 99.74 145.86 102.81 245.61 227.53 368.12 7 Net Profit /(Loss) from ordinary activities after tax (5-6) 303.83 462.81 315.24 766.64 738.31 1,063.30 8 Share of Profit/(Loss) of Associates and Joint Ventures 16.66 15.32 12.53 31.98 26.11 46.14 Total Profit / (Loss) 320.49 478.13 327.76 798.62 764.42 1,109.44 9 Other comprehensive income / (loss), net of tax (0.13) (1.86) (7.05) (1.98) (7.75) (6.58) 10 TOTAL COMPREHENSIVE INCOME , NET OF TAX 320.36 476.27 320.72 796.64 756.67 1,102.86 11 Net Profit/(Loss) attributable to a) Owner of the Company 305.89 458.25 323.18 764.14 757.54 1,105.86 b) Non Controlling Interest 14.60 19.88 4.59 34.48 6.88 3.59 12 Other Comprehensive income attributable to a) Owner of the Company (0.15) (1.01) (3.90) (1.15) (4.63) (3.44) b) Non Controlling Interest 0.02 (0.85) (3.15) (0.83) (3.12) (3.14) 13 Total Comprehensive income attributable to a) Owner of the Company 305.74 457.24 319.28 762.99 752.91 1,102.42 b) Non Controlling Interest 14.62 19.03 1.44 33.65 3.76 0.45 14 Paid up equity share capital (Eq. shares of1/- each) 35.24 35.24 35.24 35.24 35.24 35.24 15 Earnings per share of 1/- each (not annualised) a) Basic 8.68 13.00 9.17 21.68 21.50 31.38 b) Diluted 8.68 13.00 9.17 21.68 21.50 31.38 NOTES :- 1 2 3 4 Place : Raipur Date : 31.10.2026 SARDA ENERGY & MINERALS LIMITED Regd. Office: 73A, Central Avenue, Nagpur - 440 018 website: www.seml.co.in email: cs@seml.co.in Ph: 0712-2722407 CIN: L27100MH1973PLC016617 STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30/09/2026 Particulars Quarter Ended Half Year Ended Unaudited Unaudited Income Expenses The above results have been reviewed by the Audit committee and approved by the Board of Directors of the company in its meeting held on 31st October 2026. These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. The above results are prepared after consolidating results of all subsidiaries and joint venture companies. The figures for the corresponding previous periods have been restated / regrouped, wherever necessary, to make them comparable. The above results are also available on the Group's website - www.seml.co.in and also on the website of BSE and NSE. P.K. JAIN WHOLETIME DIRECTOR & CFO FOR AND ON BEHALF OF BOARD OF DIRECTORS
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(₹ in Crore) Year Ended 30.09.2026 30.06.2026 30.09.202530.09.2026 30.09.2025 31.03.2026 Audited 1 Segment Revenue a) Steel 397.90 446.55 447.38 844.45 933.37 1,920.89 b) Ferro Alloys 393.57 372.08 396.02 765.65 784.67 1,656.36 c) Power 800.61 938.74 892.36 1,739.35 1,831.89 2,845.71 d) Unallocated 3.66 4.62 3.54 8.28 8.97 20.48 Total 1,595.74 1,761.99 1,739.30 3,357.73 3,558.90 6,443.44 Less: Inter Segment Revenue 142.90 153.95 211.52 296.85 398.01 752.99 Net Sales/Income from operations 1,452.84 1,608.04 1,527.78 3,060.88 3,160.89 5,690.45 2 Segment Results Profit/(Loss) before tax and interest and forex fluctuation gain/(loss) a) Steel 47.79 71.29 74.14 119.08 172.38 318.10 b) Ferro Alloys 66.09 69.05 68.64 135.14 121.42 263.34 c) Power 386.31 502.75 331.24 889.07 759.03 1,095.02 Total 500.19 643.09 474.02 1,143.29 1,052.83 1,676.46 Adjusted by: i) Interest & Forex fluctuation Gain/(Loss) (55.35) (54.20) (65.72) (109.55) (124.67) (244.32) ii) Unallocable expenditure net off unallocable income Gain/(Loss)(29.88) 25.82 22.56 (4.07) 55.88 17.35 Total Profit before tax 414.96 614.71 430.86 1,029.67 984.04 1,449.49 3 Segment Assets a) Steel 1,247.92 1,299.30 1,027.71 1,247.92 1,027.71 1,241.41 b) Ferro Alloys 860.16 909.30 833.26 860.16 833.26 900.70 c) Power 6,797.72 6,673.09 6,625.79 6,797.72 6,625.79 6,470.21 d) Unallocated 3,235.10 2,911.18 2,492.56 3,235.10 2,492.56 2,725.37 Total 12,140.90 11,792.87 10,979.33 12,140.90 10,979.32 11,337.69 4 Segment Liabilities a) Steel 194.72 165.13 122.24 194.72 122.24 143.20 b) Ferro Alloys 295.27 321.76 209.51 295.27 209.51 370.94 c) Power 2,921.37 2,889.52 3,217.76 2,921.37 3,217.76 2,972.91 d) Unallocated 550.07 493.01 354.24 550.07 354.24 407.36 Total 3,961.43 3,869.42 3,903.75 3,961.43 3,903.75 3,894.41 NOTES :- 1 2 Place : Raipur Date : 31.10.2026 SARDA ENERGY & MINERALS LIMITED Regd. Office: 73A, Central Avenue, Nagpur - 440 018 website: www.seml.co.in email: cs@seml.co.in Ph: 0712-2722407 CIN: L27100MH1973PLC016617 SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES (CONSOLIDATED) FOR THE QUARTER AND HALF YEAR ENDED 30/09/2026 Unaudited The figures for the previous periods have been restated / regrouped, wherever necessary, to make them comparable. Hydropower business is seasonal as such results are not comparable quarter on quarter. FOR AND ON BEHALF OF BOARD OF DIRECTORS P.K. JAIN WHOLETIME DIRECTOR & CFO Particulars Quarter Ended Half Year Ended Unaudited
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(₹ in Crore) As at 30.09.2026As at 31.03.2026As at 30.09.2026As at 31.03.2026 Unaudited Audited Unaudited Audited ASSETS (1)Non-current Assets (a) Property, Plant & Equipment 3,506.44 3,474.62 5,871.64 5,888.80 (b)Capital work-in-progress 456.68 444.45 506.10 462.70 (c )Right-of-use Assets 59.07 59.57 59.07 59.57 (d)Investment Property 29.48 29.53 34.81 35.34 (e)Other Intangible Assets 45.09 45.70 81.76 83.03 (f )Goodwill on Consolidation 33.00 33.00 (g) Other Intangible Assets under development - - 19.45 9.17 (h)Investment in associates and joint ventures - - 127.96 95.18 (i) Financial Assets (i) Investments 1,386.83 1,268.32 274.99 35.00 (ii) Loans - - - - (iii) Other Financial Assets 17.35 17.23 28.04 57.72 (j) Deferred Tax Assets (net) - - - - (k) Other Non- current Assets 154.22 166.33 190.98 193.70 5,655.16 5,505.75 7,227.80 6,953.21 (2)Current Assets (a) Inventories 553.64 588.85 802.95 794.18 (b)Financial Assets (i) Investments 1,169.56 1,020.88 1,603.51 1,515.26 (ii) Trade receivables 256.46 189.58 431.82 276.16 (iii) Cash & cash equivalents 19.63 53.84 68.46 107.58 (iv) Bank balances other than (iii) above 806.20 610.85 955.30 756.91 (v) Loans 598.39 563.83 537.16 508.77 (vi) Other financial assets 33.29 18.81 60.13 43.98 (c) Current tax assets (net) - - 3.80 1.50 (d)Other Current Assets 437.88 338.50 482.97 413.15 3,875.05 3,385.14 4,946.10 4,417.49 TOTAL ASSETS 9,530.21 8,890.89 12,173.90 11,370.70 EQUITY AND LIABILITIES: EQUITY (a) Equity Share capital 35.24 35.24 35.24 35.24 (b)Other Equity 7,100.65 6,677.92 8,036.09 7,334.76 Equity Attributable to owners of the company 7,135.89 6,713.16 8,071.33 7,370.00 (c) Non Controlling Interests - - 141.13 106.29 Total Equity 7,135.89 6,713.16 8,212.46 7,476.29 LIABILITIES (1)Non-current Liabilities : (a) Financial Liabilities (i) Borrowings 1,196.60 1,247.43 1,989.52 2,134.43 (ii) Lease Liabilities 35.41 33.78 35.41 33.78 (iii) Other financial liabilities 44.76 36.62 94.87 77.05 (b)Other non current liabilities - - 4.05 4.10 (c) Provisions 256.12 263.61 266.09 272.99 (d)Deferred tax liabilities (Net) 420.91 261.69 635.94 390.55 1,953.80 1,843.13 3,025.88 2,912.90 (2)Current Liabilities (a) Financial Liabilities (i) Borrowings 140.22 131.86 428.01 460.72 (ii) Lease Liabilities 2.99 2.99 2.99 2.99 (iii) Trade Payables (a) Total outstanding dues of micro and small enterprises 17.82 12.16 22.34 13.56 (b) Total outstanding dues of creditors other than micro and small enterprises 86.84 75.32 180.95 158.41 (iv) Other financial liabilities 130.29 77.52 207.15 302.49 (b)Other current liabilities 54.61 30.98 69.70 36.05 (c) Provisions 7.75 3.77 16.16 4.87 (d)Current tax Liabilities (net) - - 8.26 2.42 440.52 334.60 935.56 981.51 TOTAL EQUITY AND LIABILITIES9,530.21 8,890.89 12,173.90 11,370.70 Place : Raipur Date : 31.10.2026 FOR AND ON BEHALF OF BOARD OF DIRECTORS P.K. JAIN WHOLETIME DIRECTOR & CFO SARDA ENERGY & MINERALS LIMITED Regd. Office: 73A, Central Avenue, Nagpur - 440018 website: www.seml.co.in email: cs@seml.co.in Ph: 0712-2722407 CIN: L27100MH1973PLC016617 STATEMENT OF ASSETS AND LIABILITIES STANDALONE CONSOLIDATED
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(₹ in crores) Half Year Ended Half Year ended 30.09.2026 30.09.2025 A. Net Profit before tax as per Profit & Loss Account 1,029.67 984.04 Depreciation and amortization expense 181.01 166.28 Finance Costs 115.53 126.85 Corporate Guarantee commission (0.33) (0.26) Exchange differences on translation of assets & liabilities 7.17 12.50 18.19 (63.13) Interest Income (87.23) (46.53) Dividend income (9.88) (7.46) Amortization of Capital Subsidy (0.05) (0.05) (Profit) / Loss on sale of investments (14.79) (16.54) (Profit) / Loss on sale of PPE and scrapping of assets (0.26) - Allowance for credit losses on financial assets 2.93 0.07 Operating Profit Before Working Capital Changes 1,241.94 1,155.77 Changes in assets and liabilities Trade Receivables (157.65) (84.72) Inventories (8.76) 124.18 Trade Payables 31.32 13.15 Loans and advances and other assets (64.46) 37.49 Liabilities and provisions (46.29) 40.09 996.12 1,285.96 Income Tax Paid (15.27) (13.36) NET CASH GENERATED FROM (USED IN) OPERATING ACTIVITIES 980.85 1,272.60 B. CASH FLOW FROM INVESTING ACTIVITIES : Investment in Property Plant & Equipment (204.07) (237.38) Sale of Property, Plant & Equipment 2.68 0.64 Investment made in Joint Ventures, MFs & Others (379.22) (949.84) Investment in FDR (made)/liquidated (198.12) 65.25 Investment liquidated in MFs & Others 46.11 21.29 Loan repaid by/(given to) related & others parties (27.70) 110.90 Interest received 87.23 46.53 Dividend received 9.88 7.46 NET CASH (USED)/GENERATED IN INVESTING ACTIVITIES (663.20) (935.15) C. CASH FLOW FROM FINANCING ACTIVITIES : Repayment of long term borrowings (135.73) (84.96) Short term borrowings (net) (43.38) (95.12) Interest Paid (107.18) (120.61) Dividend paid (70.49) (52.86) Repayment of Lease Liabilities - (2.99) NET CASH (USED)/GENERATED IN FINANCING ACTIVITIES (356.78) (356.54) (39.13) (19.09) 107.59 57.82 68.46 38.73 Supplementary Information: 1.29 48.70 (a) Cash and cash equivalent include the following : Cash on Hand 0.56 0.53 Balances with banks 67.91 38.20 68.46 38.73 (b) Previous year figures have been regrouped/rearranged wherever necessary. (c )Figures in brackets represent outflows. Place : Raipur Date : 31.10.2026 Unaudited SARDA ENERGY & MINERALS LIMITED STATEMENT OF CONSOLIDATED CASH FLOW FOR THE HALF YEAR ENDED 30TH SEPTEMBER 2026 PARTICULARS CASH FLOW FROM OPERATING ACTIVITIES : Adjustments to reconcile profit before tax to cash generated by operating Net (Gain)/Loss pertaining to fair valuation of investments and foreign currency transaction NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD Restricted Cash Balance Notes: FOR AND ON BEHALF OF THE BOARD OF DIRECTORS P.K.JAIN WHOLETIME DIRECTOR & CFO