Shyam Metalics January-March Net Profit Up 1% On Year; Revenue Up 15%

Shyam Metalics and Energy Ltd. on Friday reported a 1% on-year rise in consolidated net profit to ₹2.19 billion for the March quarter. Revenue from operations grew 14.8% to ₹41.39 billion.

Sequentially, net profit rose 10.6%, while revenue was up 10.3%. Other income increased to ₹542.4 million from ₹510.4 million a year ago.

Total expenditure, excluding finance cost, stood at ₹36.24 billion, up from ₹31.65 billion a year earlier. Finance cost more than doubled on year to ₹436.3 million. The company’s tax outgo fell to ₹770.2 million from ₹1.12 billion.

For 2024–25, Shyam Metalics' net profit declined 12.2% to ₹9.08 billion, even as revenue rose 14.7% to ₹151.38 billion.
The board has recommended a final dividend of ₹2.25 per share.