Outcome of Board meeting
SANDUMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sandur Manganese & Iron Ores Ltd's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 2026. Standalone net profit rose 22% to ₹54,308 lakh (EPS ₹11.17) vs ₹44,452 lakh in FY25. Consolidated net profit jumped 40% to ₹65,807 lakh (EPS ₹13.51) driven by strong performance in Mining (₹1,86,666 lakh revenue) and newly consolidated Steel segment (₹85,974 lakh in Q4). Auditors Deloitte Haskins & Sells gave an unmodified (clean) opinion. The Board recommended a final dividend of ₹0.50 per share for FY26, subject to shareholder approval. Ernst & Young LLP was appointed as internal auditor for FY27. Key post-year events include execution of Forest Lease Agreement for Downhill Conveyor System and a Karnataka High Court dismissal of the company's petition against ₹13,125 lakh Compensatory Afforestation charges, which the company plans to challenge in Supreme Court.
Strong earnings growth (22-40% YoY) with clean audit opinion is positive for shareholders. The modest ₹0.50 dividend provides income but the quantum is small relative to profits. The ongoing legal dispute over ₹13,125 lakh in afforestation charges poses contingent liability risk requiring monitoring.