Integrated metal-producing company Shyam Metalics and Energy Ltd (SMEL) on Tuesday reported a 56.3 per cent rise in consolidated Profit After Tax (PAT) at Rs 197 crore for the quarter ended December 31, 2024. The company had posted a consolidated PAT of Rs 126 crore in the year-ago period, SMEL said in a statement. The revenue of the company during the third quarter rose to Rs 3,753 crore over Rs 3,315 crore in the year-ago period. "We are delighted to report an exceptional performance in Q3FY25, with profitability soaring....to Rs 197 crore. Quarterly revenues increased...to Rs 3,753 crore while Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached Rs 456 crore. "The consistent growth of our value-added product portfolio further reinforces our commitment to diversification and strengthening our market position," the company's Vice Chairman and Managing Director Brij Bhushan Agarwal was quoted as saying in the statement. Shyam Metalics is an ..
Shyam Metalics share price: The small-cap metal company is etsting the super trendline resistance of Rs 804 per share, as per the daily charts
The company invested Rs 600 crore for the project and it aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries.
he company's plant in Jamuria, WB, is being built at a total capital cost of Rs 603 crore, with Rs 346 crore invested and Rs 257 crore yet to be invested
The stock price climbed after the company's management informed investors about its growth plans in its businesses of aluminium and stainless-steel products
UBS reckons the market is not fully appreciating Shyam Metalics' integrated operations