Shyam Metalics and Energy (SHYAMMETL) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved and reviewed by the Board and Audit Committee, with auditors issuing an unmodified conclusion.

• The 22nd Annual General Meeting is scheduled for September 6, 2024, with related book closure and record dates set for dividend eligibility and e-voting.

• Appointment of M/s MKB & Associates as Scrutinizer for AGM e-voting was approved.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was ₹3,611.61 crore, up from ₹3,333.03 crore in Q1 FY24.

• Consolidated net profit after tax for Q1 FY25 stood at ₹276.12 crore, compared to ₹201.89 crore in Q1 FY24.

• Standalone revenue from operations for Q1 FY25 was ₹1,558.67 crore, down from ₹1,696.17 crore in Q1 FY24.

• Standalone net profit after tax for Q1 FY25 was ₹162.86 crore, nearly flat compared to ₹110.33 crore in Q1 FY24.

• Consolidated EBITDA for Q1 FY25 was ₹538.60 crore, up from ₹443.65 crore in Q1 FY24.

• Basic EPS (consolidated) for Q1 FY25 was ₹9.93, compared to ₹7.91 in Q1 FY24.

Outlook and guidance

• No explicit forward-looking guidance was provided, but the company continues to focus on steel and allied products as its core business.