Shyam Metalics & Energy Ltd Q2FY24; 334% rise in Profits

Shyam Metalics is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is one of the largest producers of ferro alloys in terms of installed capacity in India and has the ability to sell intermediate and final products across the steel value chain.

Financial Results:

Shyam Metalics & Energy Ltd reported Revenues for Q2FY24 of ₹2,941.00 Crores down from ₹3,085.00 Crore year on year, a fall of 4.67%.

Total Expenses for Q2FY24 of ₹2,846.00 Crores down from ₹2,967.00 Crores year on year, a fall of 4.08%.

Consolidated Net Profit of ₹482.00 Crores up 334.23% from ₹111.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹18.98, up 323.66% from ₹4.48 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.