Sandur Manganese Q2 FY26: PAT triples YoY as mining margins jump

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹205.30

prior close

₹211.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%+1.5% vs market

Iron & Steel peers, median of 9sector+0.5%+0.6% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 0.6 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-1.4

15m

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30m

+0.8

Sessions after the filingfrom the prior close

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Reaction day

+1.1-0.4+1.5+0.5+0.6

Next day

+0.6-0.6+1.3+0.8-0.2

+8.7+0.3+8.4-1.0+9.7

+6.5+0.2+6.3+0.5+6.0

+8.5+0.1+8.4-0.4+8.9

+6.9+0.7+6.2-1.2+8.1

+0.8-0.3+1.1-2.5+3.3

15d

+2.9-2.0+4.9-4.0+6.9

-3.7-5.7+2.0-7.3+3.6

+12.8-7.8+20.6-3.0+15.8

+3.2-4.6+7.8+6.0-2.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sandur Manganese posted strong Q2 FY26 results. Standalone revenue rose about 68% YoY to 43,636 lakh and PAT jumped to 11,021 lakh from 3,212 lakh. H1 standalone revenue was nearly flat at 85,908 lakh but PAT grew 34% to 23,896 lakh. Q2 operating margin expanded to 38% from 9% YoY. The company issued bonus shares 2:1 in September, paid a 1.25 per share dividend for FY25, and got approval to raise manganese output. Deloitte issued an unmodified review.

Likely market impact

Strong Q2 earnings with sharp PAT growth and margin expansion. Bonus issue, output cap hike, and Steel consolidation support growth outlook.