Hot Pursuit     18-May-23
Sandur Manganese PAT slips 26% YoY in Q4 FY23
Sandur Manganese & Iron Ores' consolidated net profit declined 26.2% to Rs 173.89 crore on 15.2% fall in net sales to Rs 607.71 crore in Q4 FY23 over Q4 FY22.
Profit before tax stood at Rs 228.87 crore, up 10.7% YoY in the quarter ended 31 March 2023.

The company's consolidated net profit slipped 59.9% to Rs 270.79 crore in FY23 from Rs 675.11 crore in FY22. Net sales decreased 5.5% YoY to Rs 2,125.81 crore in the year ended March 2023.

The board has recommended a final dividend of Rs 5 per equity share for the financial year ended 31 March 2023, subject to the approval of shareholders.

Sandur Manganese & Iron Ores is the flagship company of the Karnataka-based Sandur Group. It is involved in mining of low phosphorous manganese and iron ore in the Hosapete-Ballari region of Karnataka. It also manufactures ferro-alloys (silico-manganese) at its plant in Vyasankare, near Hospet.

The scrip jumped 7.45% to Rs 1,313.40 on the BSE.

Previous News
  Sandur Manganese & Iron Ores standalone net profit rises 486.21% in the December 2021 quarter
 ( Results - Announcements 10-Feb-22   08:19 )
  Sandur Manganese & Iron Ores consolidated net profit rises 263.22% in the June 2024 quarter
 ( Results - Announcements 06-Aug-24   07:31 )
  Sandur Manganese & Iron Ores standalone net profit rises 55.06% in the March 2021 quarter
 ( Results - Announcements 29-Jun-21   08:51 )
  Sandur Manganese receives Environmental Clearance for change in plant configuration and product mix
 ( Corporate News - 31-Mar-22   11:58 )
  Sandur Manganese & Iron Ores fixes record date for interim dividend
 ( Market Beat - Reports 13-Dec-17   18:51 )
  Sandur Manganese & Iron Ores reports net profit of Rs 10.68 crore in the December 2012 quarter
 ( Results - Announcements 02-Feb-13   15:34 )
  Sandur Manganese & Iron Ores to convene board meeting
 ( Corporate News - 04-Feb-20   11:10 )
  Sandur Manganese & Iron Ores schedules board meeting
 ( Corporate News - 02-Nov-19   13:39 )
  Sandur Manganese & Iron Ores reports net loss of Rs 8.82 crore in the June 2012 quarter
 ( Results - Announcements 10-Aug-12   16:39 )
  Sandur Manganese & Iron Ores net profit declines 45.49% in the March 2012 quarter
 ( Results - Announcements 28-May-12   12:10 )
  Sandur Manganese & Iron Ores to hold board meeting
 ( Corporate News - 05-Nov-16   14:08 )
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