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Shyam Metallics Q3FY22 PAT jumps 95% yoy to Rs423 crore, stock soars 2.5%

10 Feb 2022 , 03:28 PM

Shyam Metalics Ltd. reported total revenue of Rs2,578 crore in December 2021, up by 52% yoy, against Rs1,700 crore in December 2020. Revenue for the 9M period ended December 2021 stood at Rs7,537 crore as against Rs3,947 crore for the corresponding 9M period, up by 91% yoy.

The company’s quarterly Net Profit (PAT) stood at Rs423 crore in December 2021, as compared to Rs216 crore in December 2020, recording a growth of 95% yoy. PAT for the 9M period ended December 2021 stood at Rs1,291 crore as compared to Rs456 crore for 9M ended Q3FY21, reporting growth of 183% yoy.

EBITDA stands at Rs625 crore in December 2021 against Rs353 crore in the previous corresponding quarter, up by 77% yoy. Its EBITDA for the 9M period ended December 2021 stood at Rs1,937 crore as against Rs766 crore for the 9M ended December 2020, gaining 153% yoy.

EBITDA margin for the December 2021 quarter stood at 24.20% against 25% for the previous corresponding quarter. Net Profit margin reported at 16.4% for Q3FY22.

“On a 9-month basis, the Company has almost doubled its revenues and tripled its profits, a testimony to our focus on keeping costs in control. It gives us immense pride to share that in this quarter we received clearances and commissioned capacity expansions at our plants at Jamuria & Sambalpur, some of them much ahead of schedule. We have one of the lowest costs of captive power in India and almost 80% of our power consumption is met via captive generation,” commented Brij Bhushan Agarwal, Vice Chairman & Managing Director on company’s performance.

Shyam Metalics was trading at Rs350.25 up by Rs8.75 or 2.56% from its previous closing of Rs341.50. 

Related Tags

  • Shyam Metallics News
  • Shyam Metallics Q3 Results
  • Shyam Metallics Stock
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