Shares of Sarda Energy & Minerals Ltd rallied 20% to touch a day’s high of Rs 527.15 on 4th August after the company’s quarterly results highlighted its transformation into an energy-focused business.

Sarda said its energy business now contributes 67% of its consolidated EBITDA.

The company completed the acquisition of SKS Power Generation (Chhattisgarh) Ltd. under the insolvency process and merged it into the company from 1st September last year.

It reported a 76% rise in revenue to Rs 1,633.1 crore and a 137% jump in EBITDA to Rs 617.19 crore compared to the same quarter last year. However, the results are not comparable to those of the base quarter, as they include SKS numbers.

At 1:51 PM, the shares of Sarda Energy were trading 17.96% higher at Rs 518.20 on NSE.

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