Sandur Manganese AGM: FY26 Revenue ₹5,163 Cr (Consolidated), PAT ₹658 Cr
Sandur Manganese's 72nd AGM on Aug 19, 2026, detailed FY26 performance. Standalone income: ₹2,076 Cr, PAT ₹543 Cr. Consolidated income: ₹5,163 Cr, PAT ₹658 Cr. Company achieved Net Debt Free status and highest dividend payout of ₹24 Cr. Issued 2:1 bonus shares.
The financial results show substantial growth and improved financial health (debt-free status). Key events like the highest dividend payout and bonus share issuance are significant for shareholders. The company's strong operational performance and market position also contribute to a high impact.
The announcement details strong financial performance, including record production, significant revenue and profit growth (both standalone and consolidated), becoming debt-free, and the highest-ever dividend payout. The positive outlook from CRISIL and inclusion in the top 500 companies further reinforce the positive sentiment.
Sandur Manganese & Iron Ores Limited held its 72nd Annual General Meeting (AGM) on 19 August 2026, commencing at 11:00 A.M. IST and concluding at 12:25 P.M. IST. The meeting was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM).
The Chairman's address highlighted that FY26 was the first full year of operation at enhanced Maximum Permissible Annual Production (MPAP) limits. The company achieved its highest-ever production and sales for both manganese ore and iron ore, solidifying its position as the second-largest manganese ore miner in India and the third-largest iron ore miner in Karnataka.
On a standalone basis, the company reported a total income of ₹2,076 crore, with EBITDA rising to ₹904 crore (up 24% YoY) and Profit After Tax (PAT) at ₹543 crore (up 22% YoY). The consolidated total income, reflecting a full year of Arjas Steel's contribution, rose to ₹5,163 crore (up 61% YoY), with EBITDA growing to ₹1,252 crore (up 45%) and PAT reaching ₹658 crore (up 40%).
Financially, the company became Standalone Net Debt Free as of 31 March 2026, following the early redemption of ₹423 crore of Non-Convertible Debentures. CRISIL reaffirmed the Company's long-term rating at ‘CRISIL A+’ with a ‘Positive’ outlook. During FY26, the company issued Bonus Shares in a 2:1 ratio and announced its highest-ever dividend payout of ₹24 crore. In October 2025, Sandur Manganese entered the Top 500 listed companies in India by market capitalization, ranking 494th.
The company is actively evaluating further projects at both standalone and Arjas Steel levels. The Auditors' Reports on the financial statements for the year ended 31 March 2026 were unqualified.
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Sandur Manganese & Iron Ores Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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