Shyam Metalics Q3 Results: Profit Rises 55% But Misses Estimates
Shyam Metalics also approved an interim dividend of Rs 2.25 per share for the current financial year.
Shyam Metalics and Energy Ltd. reported a rise in consolidated net profit in the third quarter of financial year 2025, but fell short of analysts' estimates.
The steel producer saw its net profit rise 55% on an annual basis to Rs 197 crore in the quarter ended December. This compares to the Rs 252-crore consensus estimate of Bloomberg analysts.
Shyam Metalics Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 13% to Rs 3,752 crore versus Rs 3,315 crore. (Estimate Rs 3,720 crore)
Ebitda up 12% to Rs 456 crore versus Rs 408 crore.
Ebitda margin contracts 15 bps to 12.15% versus 12.3%.
Net profit up 55% to Rs 197 crore versus Rs 127 crore. (Estimate Rs 252 crore)
The company considered and approved the payment of interim dividend of Rs 2.25 per equity share, being 22.50% of the face value of Rs 10 each, for the financial year 2024-25.
The record date for the purpose of determining entitlement of the members for the payment of interim dividend shall be Feb. 7.
Per Tonne Realisation
Per-tonne realisations refer to the revenue or income a metal company earns per tonne of metal sold.
Key highlights for Per-Tonne Realisations (Product-Wise Details) for Q3 FY25:
Speciality Alloys: Realisation stood at Rs 95,234, a marginal decline of 0.2% YoY and a drop of 4.6% QoQ.
Carbon Steel: Realisation was Rs 43,684, a decline of 5.7% YoY but a slight increase of 1.1% QoQ.
Sponge Iron: Realisation stood at Rs 25,315, falling 5.4% YoY but growing 4.2% QoQ.
Iron Pellets: Realisation was Rs 8,683, decreasing 3.5% YoY but increasing 6.9% QoQ.
Aluminium: Aluminium realisations rose sharply by 10.7% YoY in Q3 FY25, standing at Rs 3.49 lakh. It showed a minimal QoQ increase of 0.6%.
Stainless Steel: Realisation stood at Rs 1.28 lakh, marking an increase of 5.5% YoY but a decline of 7.2% QoQ.
Aluminium and stainless steel categories showed a strong annual growth, while others saw declines due to market conditions.
Key Insights
Strong growth was observed in speciality alloys, stainless steel and aluminum, driven by higher demand or enhanced production capabilities.
Iron pellets and sponge iron volumes declined, reflecting potential market challenges or lower operational efficiency.
Steel products saw moderate overall growth, led primarily by the rise in carbon steel volumes.
