Shankara Building Products Limited — Updates, 04-11-2024: Press Release

Shankara Building Products Limited reported a resilient performance with Q2 revenue rising 15% year-over-year to ₹2,620 crores, driven by strong growth in both steel volumes (+25%) and non-steel revenue (+35%). EBITDA increased by 11% to ₹79 crores, despite softening steel prices. The company plans to open 10 new fulfillment centers this fiscal year. Additionally, it has received SEBI approval for a demerger, with NCLT proceedings in progress to enhance its capital allocation strategy.