Shyam Metalics and Energy (SHYAMMETL) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024, were approved and reviewed by the Board and Audit Committee.

• Statutory auditors issued an unmodified review conclusion on both standalone and consolidated results.

• Board reconstituted key committees, including Audit, Stakeholders' Relationship, Nomination and Remuneration, and Risk Management Committees.

Financial highlights

• Consolidated revenue from operations for Q2 FY25 was ₹3,634.02 crore, up from ₹2,940.70 crore in Q2 FY24.

• Consolidated net profit for Q2 FY25 stood at ₹215.68 crore, compared to ₹481.97 crore in Q2 FY24.

• Standalone revenue from operations for Q2 FY25 was ₹1,694.43 crore, up from ₹1,455.85 crore in Q2 FY24.

• Standalone net profit for Q2 FY25 was ₹108.36 crore, compared to ₹50.72 crore in Q2 FY24.

• Consolidated EBITDA for Q2 FY25 was ₹481.19 crore, up from ₹345.34 crore in Q2 FY24.

• Basic EPS (consolidated) for Q2 FY25 was ₹7.76, compared to ₹12.89 in Q2 FY24.

Outlook and guidance

• The company continues to focus on steel and allied products as its core business segment.

• No discontinued operations or exceptional items reported for the period.