Revenue for the quarter grew by 23% from last year to ₹5,455 crore from ₹4,423 crore earlier.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹765 crore, a jump of 32% from the ₹580 crore it reported during the same quarter last year. EBITDA margin for the period also expanded by 90 basis points from last year to 14% from 13.1%.
Net profit for the company also increased by 18% on a year-on-year basis to ₹345 crore from ₹282 crore earlier.
The board of the company has also approved its first interim dividend of ₹1.8 per share, which is 18% of the face value of ₹10 each. Record date for the same has been fixed as Friday, July 24. Payment will be made within 30 days of the declaration.
In addition to the numbers and dividend, the board of Shyam Metalics has also approved raising funds to the tune of ₹4,500 crore, through the issue of equity-linked instruments, equity shares, convertible or non-convertible preference shares, or fully or partly convertible debentures. The fund raising would be done in one or more tranches.
Qualified Institutional Placement (QIP) and Follow on Public Offer (FPO) have also been listed as the methods of the fund raise. Shyam Metalics will be holding its 24th Annual General Meeting (AGM) on August 25, 2026, it said in its filing.
In an exclusive conversation with the management earlier this month, the management of Shyam Metalics had said that the foray into the stainless steel business is forward integration market and they are targeting a 10% market share in the domestic stainless-steel market.
While the management said that 90% of the expansion of the business would be organic, the company could look at demerging some of the entities within its fold over the next five years.
Shares of Shyam Metalics are now trading 5.5% higher after the results announcement at ₹1,079.2. The stock is up 28% so far this year.
