Kolkata, January 28, 2025 – Shyam Metalics and Energy Limited (NSE: SHYAMMETL, BSE: 543299) has announced its Q3 FY25 financial results, reporting 13.2% year-on-year (YoY) revenue growth, driven by higher steel demand and operational efficiencies. The company also declared a second interim dividend of ₹2.25 per share for FY25.
Key Financial Highlights – Q3 FY25
- Revenue from Operations: ₹3,752.51 crore (up 13.2% YoY from ₹3,315.29 crore in Q3 FY24).
- Total Income: ₹3,803.44 crore (up 13.4% YoY).
- EBITDA: ₹481.19 crore.
- Net Profit (PAT): ₹215.50 crore (up 19% YoY).
- Earnings Per Share (EPS): ₹7.76 (Basic), ₹7.73 (Diluted).
- Revenue: ₹10,998.14 crore (up 14.7% YoY).
- Net Profit: ₹815.47 crore.
Dividend Announcement
- Interim Dividend: ₹2.25 per share (22.5% of face value).
- Record Date: February 7, 2025.
- Dividend Payout: Within the stipulated time frame.
Segment Performance
- Steel & Allied Products:
- Volume Growth: 8.5% YoY.
- Exports Mix: 25.0% in Q3 FY25, down from 40.2% in Q3 FY24.
- Premium Product Contribution: 37.4% of total revenue.
- Power Division:
- Revenue Contribution: ₹570.84 crore in Q3.
- Operational Efficiency: Higher captive power usage reduced costs.
Operational Updates
- New Capacity Additions: Commissioned coke oven, blast furnace, sinter, and cold rolling mill plants at the Jamuria Unit (West Bengal).
- Ongoing Merger: Filed an application with the National Company Law Tribunal (NCLT) for the merger of Shyam Metalics Flat Products Limited into Shyam Sel & Power Limited.
Management Commentary
Mahabir Prasad Agarwal, Chairman, Shyam Metalics and Energy Limited, stated:"Our strong revenue growth and strategic expansions reflect our commitment to long-term value creation. The second interim dividend underlines our confidence in sustained profitability. We remain optimistic about continued domestic demand and improved margins with new capacity utilization."