Shera Energy

Shera Energy delivered a strong 9Current reported value: 9. No comparable prior figure is available in the source record.M FY26 with consolidated revenue up 30% YoY to ₹1,182 CrCurrent reported value: 30% YoY to ₹1,182 Cr. No comparable prior figure is available in the source record., EBITDA up 55% to ₹66 CrCurrent reported value: 55% to ₹66 Cr. No comparable prior figure is available in the source record., and PAT up 57% to ₹25 CrCurrent reported value: 57% to ₹25 Cr. No comparable prior figure is available in the source record.. EBITDA margin expanded ~89 bps to 5.61% driven by better product mix and operating leverage. Volume growth of 12% YoY to 20,402 MTCurrent 12% YoY to 20,402 MT. Reported change: +15% YoY. and higher metal prices supported top line. The key catalyst is the Zambia copper cathode facility, which commenced trial production (8.6 MT in Jan) and is expected to stabilize by Q1 FY27, targeting 15%+ EBITDA marginsCurrent reported value: 15%+ EBITDA margins. No comparable prior figure is available in the source record. from that segment. Management guided for 40-60% revenue growth in FY27Current reported value: 40-60% revenue growth in FY27. No comparable prior figure is available in the source record. backed by new forward integration capex (CTC conductors, solar cables) and backward integration. Risks include execution delays in Zambia ramp-up and potential equity dilution for the ₹300-500 Cr capex plan.