Iron & Steel Products company Sarda Energy & Minerals announced Q4FY24 & FY24 results:
- The Board has recommended a Dividend of 100% on the Face Value, that is, Rs 1 per Equity Share.
- Revenue from Operations for Q4FY24 stood at Rs 889 crore, indicating a decrease of 8% QoQ and 17% YoY.
- Revenue from Operations for FY24 stood at Rs 3,868 crore, indicating a decrease of 8% YoY.
- Production and Sales Overview:
- Iron Ore Pellet production increased by 1% YoY, with 8,10,000 MT produced in FY24.
- There has been a 20% increase in Coal production year-over-year with 14,40,000 MT produced in FY24.
- The sales of Sponge Iron saw a significant increase of 26% YoY for the Year Ended FY24, totaling 1,03,000 MT.