Shyam Metalics & Energy Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Shyam Metalics & Energy Ltd reported a 2.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.4%.
- Its expenses for the quarter were up by 4.1% QoQ and 13.1% YoY.
- The net profit decreased 8.5% QoQ and increased 56.8% YoY.
- The earnings per share (EPS) of Shyam Metalics & Energy Ltd stood at 7.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3803.44 | 3708.61 | 3355.21 | 2.6% | 13.4% |
Total Expenses | 3540.36 | 3401.86 | 3129.60 | 4.1% | 13.1% |
Profit Before Tax | 263.08 | 306.75 | 225.61 | -14.2% | 16.6% |
Tax | 65.78 | 91.12 | 99.84 | -27.8% | -34.1% |
Profit After Tax | 197.31 | 215.68 | 125.80 | -8.5% | 56.8% |
Earnings Per Share | 7.10 | 7.70 | 4.90 | -7.8% | 44.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Shyam Metalics & Energy Ltd is a prominent player in the metal and energy sectors, primarily engaged in the production of intermediate and final steel products. The company focuses on manufacturing a range of steel products, including sponge iron, ferro alloys, and billets. Additionally, Shyam Metalics operates in the energy sector with interests in power generation, which complements its steel production capabilities. The company is positioned in the broader metal industry, which is characterized by cyclical demand patterns and price sensitivities. As of the latest data, there are no specific major developments or strategic shifts publicly available for the company.
Revenue
For the quarter ending Q3FY25, Shyam Metalics & Energy Ltd reported a total income of ₹3803.44 crores. This represents a quarter-over-quarter (QoQ) increase of 2.6% compared to ₹3708.61 crores in Q2FY25 and a year-over-year (YoY) growth of 13.4% relative to ₹3355.21 crores in Q3FY24. The upward trend in total income reflects a consistent revenue generation capability over both the quarterly and annual periods. The data indicates a robust performance in revenue streams, maintaining a steady upward trajectory in line with industry dynamics.
Profitability
The company's profitability metrics indicate a mixed performance for the quarter under review. Profit Before Tax (PBT) for Q3FY25 was ₹263.08 crores, marking a QoQ decline of 14.2% from ₹306.75 crores in Q2FY25 but a YoY increase of 16.6% from ₹225.61 crores in Q3FY24. Tax expenses decreased significantly by 27.8% QoQ and 34.1% YoY, amounting to ₹65.78 crores. Consequently, Profit After Tax (PAT) stood at ₹197.31 crores, reflecting an 8.5% decline from the previous quarter and a substantial 56.8% increase from the same quarter last year. Earnings per Share (EPS) for Q3FY25 was ₹7.10, compared to ₹7.70 in Q2FY25, showing a 7.8% decrease QoQ, yet a 44.9% rise YoY from ₹4.90 in Q3FY24. These figures highlight variations in profitability over the different periods.
Operating Metrics
Examining the operating metrics, the total expenses for Q3FY25 amounted to ₹3540.36 crores. This is a 4.1% increase QoQ from ₹3401.86 crores in Q2FY25, and a 13.1% rise YoY from ₹3129.60 crores in Q3FY24. The increase in expenses aligns with the overall growth in income, reflecting operational scaling. The financial data illustrates that while the company experiences growth in income, it also incurs higher expenses, impacting operational margins. The trends in total expenses are reflective of the company's ongoing operational activities and cost management practices in a fluctuating economic landscape.
