Shyam Metalics Limited, headquartered in Kolkata, West Bengal announced its results for the fourth quarter of FY24 and annual of FY24. The Company has recorded Consolidated Revenue of Rs. 3,606 crores for Q4FY24 as against Rs. 3,315 crores for Q3FY24. Further the Consolidated Revenue for FY24 was Rs. 13,195 crores as against Rs. 12,658 crores for FY23. Consolidated Revenue of Rs. 3,606 crores for Q4FY24 as against Rs. 3,427 crores for Q4FY23
The Consolidated Operating EBIDTA was Rs. 442 crores for Q4FY24 as against Rs. 407 crores for Q3FY24. Further the Consolidated for Operating EBIDTA FY24 was Rs. 1,570 crores as against Rs. 1,499 crores for FY23. The Consolidated Operating EBIDTA was Rs. 442 crores for Q4FY24 as against Rs. 427 crores for Q4FY23.
The Consolidated Profit After Tax was Rs. 220 crores for Q4FY24 as against Rs. 126 crores for Q3FY24. Further the Consolidated Profit After Tax for FY24 was Rs. 1,029 crores as against Rs. 843 crores for FY23.
Commenting on the Q4FY24 results, Brij Bhushan Agarwal, Vice Chairman and Managing Director, said, ‘In the light of the challenges faced by the industry, I am happy to announce our commendable performance in FY24. Our Revenues and profitability increase reflects our sustained financial strength and strategic prowess. Our product mix continues to improve with higher contribution from our key products. We continue to stay on course with our growth plans. In enhancing our capacities further, the board has approved expansion plans into new metals – Stainless Steel Wire Rods & Stainless Steel Bright Bars and Aluminium Foil with total investments of Rs. 810 crores which will be funded through internal accruals. This would further boost our revenues and margins in forthcoming years. Looking ahead, we remain resolute in our commitment to delivering sustained growth and value to our stakeholders.’
