Sarda Energy Q4 Profit Up 46% YoY, Margins Expand Sharply

📰 Key Highlights Net Profit: ₹1.58B vs ₹1.08B YoY → +46% growth Revenue: ₹12.54B vs ₹12.39B YoY → +1% growth EBITDA: ₹3.5B vs ₹2.71B YoY → +29% growth EBITDA Margin: 27.7% vs 21.84% YoY → margin expansion of ~586 bps 📊 Fundamentals & Ratios PE Ratio (TTM): ~15x (below metals sector average ~18x). ROE: ~14% (improved from ~11% last year). Debt-to-Equity: ~0.5 (moderate leverage). Dividend Yield: ~2.2%. ⚙️ Business Focus & Projects Strong presence in steel, ferro alloys, and power generation. Expanding into value-added steel products. Focus on captive power plants to reduce energy costs. Exploring opportunities in renewable energy integration. ⚠️ Risks Commodity price volatility in steel and ferro alloys. Global demand cycles impacting exports. High energy costs despite captive generation. Regulatory risks in mining and environmental compliance. 📈 Outlook Profit growth driven by better margins and operational efficiency. Flat revenue suggests reliance on cost control and margin expansion. Diversification into value-added steel and renewables could support long-term growth. Sarda Energy remains a mid-tier steel and energy player with improving fundamentals.