Shyam Metalics April-June Profit Rises; To Raise ₹45 Billion, Declares Dividend

Shyam Metalics and Energy Ltd. reported a 6% on-year rise in consolidated net profit for the June quarter to ₹2.92 billion. The bottom line jumped nearly 34% sequentially. Revenue from operations rose over 22% on year to ₹44.19 billion and was up 6.8% from the March quarter.

Other income increased to ₹536.1 million from ₹508.7 million a year ago. Total expenditure, excluding finance costs, surged to ₹38.39 billion from ₹31.24 billion a year ago. Finance costs rose to ₹397.8 million from ₹286.5 million. Tax expense stood largely flat at ₹982.7 million.

The company declared a first interim dividend of ₹1.80 per share for 2025-26, with July 28 as the record date. The board also approved fundraising of up to ₹45 billion, including ₹30 billion through non-convertible debentures, it said in an exchange filing.