Kolkata, January 30, 2025 – Shyam Century Ferrous Limited (NSE: SHYAMCENT | BSE: 539252) announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024.
Financial Highlights (₹ in Lacs)
Particulars | Q3 FY2025 | Q3 FY2024 | 9M FY2025 | 9M FY2024 | FY2024 |
---|---|---|---|---|---|
Revenue from Operations | 32,670.7 | 31,758.8 | 90,975.7 | 97,324.8 | 1,380,930.0 |
Total Income | 34,512.6 | 32,809.5 | 96,637.5 | 1,039,797.0 | 1,470,066.0 |
Profit Before Tax | 4.7 | (685.8) | (1,890.1) | 2,500.0 | 11,154.0 |
Net Profit/(Loss) | 6.3 | (555.5) | (1,890.0) | 2,521.0 | 7,266.0 |
Earnings Per Share (EPS) (₹) | 0.00 | (0.05) | (0.06) | 0.02 | 0.07 |
Performance Analysis
- Revenue from Operations increased 2.9% YoY in Q3 FY2025, reaching ₹32,670.7 lakh.
- Total income saw a 5.2% YoY increase, supported by higher other income (₹1,641.9 lakh).
- Profit Before Tax (PBT) stood at ₹4.7 lakh in Q3, a turnaround from a loss of ₹685.8 lakh in Q3 FY2024.
- Net Profit improved marginally to ₹6.3 lakh in Q3 FY2025, recovering from a loss of ₹555.5 lakh in Q3 FY2024.
- For 9M FY2025, the company posted a loss of ₹1,890.0 lakh, compared to a profit of ₹2,521.0 lakh in the same period last year.
Operational and Segment Highlights
- The company continues to focus on its core segment: Manufacture and sale of ferro silicon.
- Power & Fuel expenses surged significantly, reaching ₹7,591.5 lakh in Q3, reflecting increased energy costs.
- Employee benefit expenses rose to ₹1,456.6 lakh from ₹1,383.5 lakh in Q3 FY2024.
- The company saw a positive impact from changes in fair value of equity investments, adding ₹784.2 lakh to Other Comprehensive Income.
Management Commentary
Ritu Agarwal, Company Secretary, stated:"Despite macroeconomic challenges, we have demonstrated resilience in our revenue growth. We remain committed to optimizing operational efficiencies and exploring opportunities for sustained profitability."
Strategic Outlook
- The company will focus on cost optimization and operational efficiency to improve margins.
- Management is optimistic about the demand for ferro silicon amid the growing steel industry.
- No outstanding loans, defaults, or deviations in fund utilization were reported.