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Shyam Metalics and Energy reports 40% fall in Q4 consolidated net profit

25 May 2023 Evaluate

Shyam Metalics and Energy has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 5.94% rise in net profit at Rs 123.01 crore for the quarter under review as compared to Rs 116.11 crore for the same quarter in the previous year. Total income of the company increased by 51.41% at Rs 1803.69 crore for Q4FY23 as compared to Rs 1191.25 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 40.24% fall in its net profit at Rs 258.88 crore for fourth quarter ended March 31, 2023 as compared to Rs 433.18 crore for the same quarter in the previous year. However, total income of the company increased by 18.78% at Rs 3410.94 crore for Q4FY23 as compared to Rs 2871.76 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 63.10% fall in its net profit at Rs 299.03 crore as compared to Rs 810.27 crore for the previous year. However, total income of the company increased by 32.66% at Rs 6306.20 crore for year under review as compared to Rs 4753.5 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 50.79% fall in its net profit at Rs 848.41 crore as compared to Rs 1724.15 crore for the previous year. However, total income of the company increased by 21.70% at Rs 12722.19 crore for year under review as compared to Rs 10453.96 crore for year ended March 31, 2022.

Shyam Metalics&Ener Share Price

903.70 21.05 (2.38%)
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