Shyam Metalics Q3 Results: Profit Up 55% to Rs 197 Crore, Misses Estimates, Declares Dividend

Shyam Metalics Q3 Results: Profit Rises 55% to Rs 197 Crore, Misses Analyst Estimates

Shyam Metalics and Energy Ltd. has released its financial results for the third quarter of fiscal year 2025 (Q3 FY25), reporting a 55% year-on-year increase in consolidated net profit. However, the company's performance fell short of analysts' expectations.

Financial Performance Overview

Shyam Metalics, a leading steel producer, reported a consolidated net profit of Rs 197 crore for the quarter ended December 2024, up from Rs 127 crore in the same period last year. Despite the significant increase, this figure missed the consensus estimate.

Key Financial Highlights (Consolidated, YoY)

• Revenue: Increased by 13.18% to Rs 3,752 crore from Rs 3,315 crore. (Estimate: Rs 3,720 crore)
• EBITDA: Rose by 11.76% to Rs 456 crore from Rs 408 crore.
• EBITDA Margin: Contracted slightly by 15 basis points to 12.15% from 12.3%.
• Net Profit: Increased by 55.11% to Rs 197 crore from Rs 127 crore. (Estimate: Rs 252 crore)

Interim Dividend Announcement

The company's board of directors approved an interim dividend of Rs 2.25 per equity share, which represents 22.50% of the face value of Rs 10 each, for the financial year 2024-25. The record date for determining the entitlement of members for the dividend payment is set for Friday, February 7th.

Although Shyam Metalics demonstrated growth in revenue and net profit during Q3 FY25, the results did not meet the higher expectations set by analysts. The company's performance reflects the dynamics of the steel industry and the broader economic environment. The approved interim dividend provides a return to shareholders, demonstrating the company's commitment to rewarding its investors.

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Categories: Q3 Results, Shyam Metalics, Steel Industry