Shyam Metalics and Energy Limited — Results, 10-05-2025: Integrated Filing- Financial

Shyam Metalics and Energy Limited has announced a board meeting on May 9, 2025, to consider the financial results for the quarter and half-year.

1) **Revenue Performance:** Consolidated revenue rose to ₹15,137.5 Cr for FY25, up ~14.7% YoY from ₹13,195.22 Cr. Growth was driven by the steel and allied products segment, supported by increased volumes and new capacities at the Jamuria Unit.

2) **Profitability and EPS:** Consolidated net profit declined to ₹909.26 Cr from ₹1,034.79 Cr last year, impacted by higher costs and depreciation. Basic EPS stood at ₹32.7. EBITDA increased to ₹2,096.16 Cr with margin expansion to ~13.9% from ~13.1%, signaling improved operational profitability despite cost pressures.

3) **Operational Costs:** Raw material costs increased significantly to ₹11,336.72 Cr, reflecting higher input prices and volumes. Employee expenses rose to ₹434.26 Cr due to workforce growth and wage hikes. Other expenses scaled with the business, while inventory drawdowns positively impacted working capital.

4) **Key Metrics:** Depreciation jumped to ₹741.47 Cr following fresh capital investments. Impairment losses were minimal at ₹2.6 Cr, indicating asset stability.

5) **Balance Sheet / Cash Flow:** Net debt rose moderately to ₹779.4 Cr. Operating cash flow was robust at ₹1,964.15 Cr; however, heavy capex of ₹2,148.32 Cr pressured free cash flow. Cash reserves increased to ₹63.13 Cr, supported by equity and financing activities.

6) **Management Outlook:** New project commissioning at Jamuria—including the cake oven, blast furnace, and rolling mills—positions the company to meet rising demand domestically and internationally. Focus remains on capacity expansion and segment integration to drive growth.

**Final Takeaway:** Shyam Metalics shows healthy revenue growth and improved EBITDA margins amid an expansion phase. While higher depreciation and capex weigh on net profits and cash flow, operational execution and capacity additions underpin a stable growth trajectory. Retail investors can consider this a growth story with manageable execution risks.