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Shyam Metalics and Energy reports around 6-fold jump in Q1 consolidated net profit

21 Jul 2021 Evaluate

Shyam Metalics and Energy has reported results for first quarter ended June 30, 2021.

The company has reported around 5-fold jump in its net profit at Rs 224.88 crore for the quarter under review as compared to Rs 49.64 crore for the same quarter in the previous year. Total income of the company also jumped by over 2-fold at Rs 1,187.68 crore for Q1FY22 as compared Rs 493.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 6-fold jump net profit attributed to the owners at Rs 457.98 crore for the quarter under review as compared to Rs 80.29 crore for the same quarter in the previous year. Total income of the company also jumped by around 3-fold at Rs 2,472.81 crore for Q1FY22 as compared Rs 915.51 crore for the corresponding quarter previous year.

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