Newmalayalam Steel Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Newmalayalam Steel Limited has announced a board meeting to approve the financial results for the quarter and half-year. For the year ended March 2025, revenue rose slightly to ₹304.16 Cr from ₹300.16 Cr, while profit after tax slipped to ₹40.58 Cr from ₹42.66 Cr. The company recently raised capital by issuing 45.4 lakh shares at ₹50 each and got listed on NSE Emerge. Improved operating cash flow is fueling investments in tech upgrades, solar power expansion, and working capital. No dividends were declared.