Sandur Manganese Shows Strong Growth Amid Institutional Stake Reduction and Technical Shift
Sandur Manganese & Iron Ores has experienced a recent evaluation adjustment, highlighting its strong financial health with a low Debt to EBITDA ratio of 0.44. The company reported impressive net sales growth of 112.98% in the latest quarter, alongside a significant increase in profit after tax and earnings per share.
Sandur Manganese & Iron Ores has recently undergone an adjustment in evaluation, reflecting a shift in its technical outlook. The company, operating within the small-cap mining and minerals sector, has demonstrated a notable ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.44 times. This financial stability is complemented by a robust growth trajectory, with net sales increasing at an annual rate of 41.33% and operating profit rising by 48.76%.In the latest quarter, Sandur Manganese reported a significant net sales figure of Rs 2,456.65 crore, marking a growth of 112.98%. The company also achieved its highest quarterly profit after tax (PAT) of Rs 166.63 crore and an earnings per share (EPS) of Rs 10.28. Despite a return of -4.33% over the past year, the company's profits have surged by 43.1%, indicating a strong underlying performance.
However, it is noteworthy that institutional investors have reduced their stake by 0.95% in the previous quarter, now holding 1.6% of the company. This trend may reflect broader market dynamics and investor sentiment.
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