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India's SMIOL forecasts consolidated net profit growth of 331% in the second quarter of fiscal year 2025-26 to diversify into the steel and energy sectors

SMIOL Индии прогнозирует рост консолидированной чистой прибыли на 331% во втором квартале 2025-26 финансового года для диверсификации в сталелитейном и энергетическом секторах

The Indian company Sandur Manganese & Iron Ore Limited (SMIOL) achieved a consolidated net profit of 1.38 billion. rupees ($ 15.61 million) in the second quarter (April-September) of the fiscal year 2025-26, an increase of 330.99 percent year-on-year, the company said in a statement on Monday, November 10.

The company achieved total sales revenue of $12.32 billion. rupees ($138.94 million) in the specified period, an increase of 373.52 percent year-on-year.

SMIOL also announced plans to invest approximately 20 billion. Investments of Rs ($225 million) in the diversification into the steel and energy sectors, including the construction of a coke plant, a power plant and a ferroline production plant.