Shyam Metalics and Energy (SHYAMMETL) Q4 24/25 earnings summary

Executive summary

• Revenue grew 15% year-over-year in FY25, with EBITDA up 17% year-over-year, driven by operational efficiency and cost management.

• Q4 FY25 revenue was ₹4,139 crores, EBITDA ₹569 crores, and PAT ₹220 crores; FY25 revenue reached ₹15,138 crores, EBITDA ₹2,097 crores, and PAT ₹909 crores.

• Board approved audited standalone and consolidated financial results for FY25, with unmodified audit opinions.

• Leadership transitioned to Brij Bhushan Agarwal as Executive Chairman and Managing Director.

• Final dividend of ₹2.25 per share for FY25 recommended, subject to shareholder approval.

Financial highlights

• Q4 FY25 consolidated operating revenue: INR 4,139 crores, up 15% year-over-year.

• FY25 consolidated revenue: ₹15,137.50 crore, up from ₹13,195.22 crore in FY24.

• FY25 consolidated EBITDA: INR 2,097 crores, up 21.2% year-over-year.

• Net profit for FY25 was ₹909.26 crore, down from ₹1,029.00 crore in FY24, due to acquisition-related adjustments.

• Gross margin for FY25 at 27.7%; Q4 EBITDA margin at 12.5%, up 30 bps year-over-year.

Outlook and guidance

• Revenue for FY27 projected at INR 22,000-23,000 crores, with EBITDA between INR 2,800-3,200 crores based on current realizations.

• Q1 FY26 expected to see sequential growth in volume and revenue as new capacities ramp up.

• Focus on value-added products, targeting 80% of revenue mix, and no further leveraging of the balance sheet for growth.

• Commissioning of new coke oven, blast furnace, sinter, and cold rolling mill plants at Jamuria Unit to meet growing steel demand.