Sandur Manganese & Iron Ores Limited (SANDUMA) announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved these results at their 384th meeting held on May 7, 2026, which commenced at 2:00 PM and concluded at 5:30 PM. The results were reviewed by the Audit Committee and have received an unmodified opinion from the statutory auditors, M/s. Deloitte Haskins & Sells. For the financial year ended March 31, 2026, the company reported a profit before tax of ₹71,722 lakh and a profit for the year of ₹54,308 lakh. The standalone revenue from operations for the year was ₹2,01,062 lakh. The company also reported an exceptional item of ₹1,889 lakh related to the financial implications of new Labour Codes. Subsequent to the year-end, on April 8, 2026, the company executed a Forest Lease Agreement for the diversion of forest land for a Downhill Conveyor System, expected to commence operations in FY 2026-27. In a separate development, the Hon'ble High Court of Karnataka dismissed the company's writ petition regarding compensatory afforestation charges on April 30, 2026; the company is considering filing a Special Leave Petition. Additionally, the Board of Directors has recommended a final dividend of ₹0.5 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The consolidated financial results for the year ended March 31, 2026, also showed a profit before tax of ₹71,722 lakh and a profit for the year of ₹54,308 lakh. The auditor's report for consolidated results includes the financial results of its subsidiaries, Arias Steel Private Limited and Arjas Modern Steel Private Limited, and its associate, ReNew Sandur Green Energy Private Limited. The auditors have issued an unmodified opinion on the consolidated financial results.
