Shankara Building Products Limited — Updates, 03-02-2025: Press Release

Shankara Building Products Limited reported its financial results for the quarter and nine months ended December 31, 2024, showing resilience amid challenging market conditions. Revenue for the quarter increased by 18% year-on-year to ₹1,437 Cr, while for the nine-month period, it stood at ₹4,058 Cr, reflecting a decrease of 14% compared to the previous year. EBITDA margins improved to 2.84% for the quarter and 2.95% for the nine months, signaling operational efficiencies. The company's managing director noted that they remain on track to meet their annual target of 0.8 million tonnes for the steel product segment in FY25, while the non-steel segment continues to grow. The demerger of the marketplace business is progressing, with hopes to finalize the process within the first half of FY26, indicating a strategic shift towards enhancing operational focus and value creation. Investors should watch closely as these developments unfold, particularly the impact of the ongoing demerger and growth initiatives.