What was Shera Energy's revenue in Q3 FY26?

Shera Energy reported revenue of ₹397 Cr in Q3 FY26, a +30% change year-over-year.

Did Shera Energy management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Shera Energy Q3 FY26 Research Workspace: Revenue ₹397 Cr (+30%)

Q: What guidance did Shera Energy management give?

FY27 revenue growth of 40-60%: Management expects standalone revenue to grow 40-60% in FY27, driven by new capex in forward integration and Zambia operations.

Revenue ₹397 Cr +30%

EBITDA ₹66 Cr +55%

PAT ₹9 Cr +57%

EBITDA Margin 5.62% +89bps

Duration 57 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Shera Energy delivered a strong 9M FY26 with consolidated revenue up 30% YoY to ₹1,182 Cr, EBITDA up 55% to ₹66 Cr, and PAT up 57% to ₹25 Cr. EBITDA margin expanded ~89 bps to 5.61% driven by better product mix and operating leverage. Volume growth of 12% YoY to 20,402 MT 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 margins from that segment. Management guided for 40-60% revenue growth in FY27 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.

Risks4 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Zambia ramp-up delays

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Quarter Snapshot

Sales Volume (9M FY26) 20,402 MT

+15% YoY

Volume grew from 17,709 MT in 9M FY25, driven by higher capacity utilization.

Capacity Utilization (9M FY26) 79.58%

+593 bps YoY

Improved from 73.65% in FY25 full year, indicating better asset utilization.

Zambia Copper Cathode Capacity (Phase 1) 1,200 MTPA

New

First phase targeting 1,200 MT annual capacity; trial production of 8.6 MT completed.

EPS (9M FY26) ₹8.01

+49% YoY

EPS grew from ₹5.36 in 9M FY25, reflecting strong profit growth.

Fast read

Guidance and risk preview

Top guidance FY27 revenue growth of 40-60%

Management expects standalone revenue to grow 40-60% in FY27, driven by new capex in forward integration and Zambia operations.

Top risk Zambia ramp-up delays

Trial production faced recovery issues; management expects stabilization by Q1 FY27 but further delays could impact margin guidance.