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Shyam Century Ferrous Ltd Q1FY24; 70% fall in Profits

Incorporated in 2011, Shyam Century Ferrous Limited is engaged in manufacturing Ferro Alloys like Ferro Silicon mainly in North-Eastern India. This business was transferred from Star Ferro and Cement Limited as a part of a demerger scheme in 2014. Company is promoted by Mr. Sajjan Bhajanka & Mr. Sanjay Agarwal who are also the promoters of Century Plyboards Ltd. & Star Cement Ltd.

Financial Results:

Shyam Century Ferrous Ltd reported Revenues for Q1FY24 of ₹38.95 Crores up from ₹31.99 Crore year on year, a rise of 21.76%.

Total Expenses for Q1FY24 of ₹38.01 Crores up from ₹24.42 Crores year on year, a rise of 55.65%.

Consolidated Net Profit of ₹2.10 Crores down 70.25% from ₹7.06 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.10, down 68.75% from ₹0.32 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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