Sandur Manganese & Iron Ores Ltd Q1FY24; 18% rise in Profits

The Sandur Manganese & Iron Ores Limited (SMIORE), the flagship company of the Karnataka based Sandur Group, incorporated in 1954. Company is involved in mining of low phosphorous manganese and iron ore in the Hosapete Ballari region of Karnataka. In addition, Company manufactures ferro-alloys (silico-Manganese and ferro manganese) and coke at its plant in Vyasankare, near Hospet. It is the 3rd Largest Manganese ore miner in India.

Financial Results:

Sandur Manganese & Iron Ores Ltd reported Revenues for Q1FY24 of ₹363.00 Crores down from ₹652.00 Crore year on year, a fall of 44.33%.

Total Expenses for Q1FY24 of ₹325.00 Crores down from ₹619.00 Crores year on year, a fall of 47.5%.

Consolidated Net Profit of ₹40.00 Crores up 17.65% from ₹34.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.46, up 17.70% from ₹2.09 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.