Shyam Metalics and Energy gains despite reporting 40% fall in Q4 consolidated net profit
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Shyam Metalics and Energy is currently trading at Rs. 307.05, up by 5.40 points or 1.79% from its previous closing of Rs. 301.65 on the BSE.
The scrip opened at Rs. 299.05 and has touched a high and low of Rs. 315.00 and Rs. 297.90 respectively. So far 55958 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 334.70 on 03-Jan-2023 and a 52 week low of Rs. 253.05 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 315.00 and Rs. 293.75 respectively. The current market cap of the company is Rs. 7860.31 crore.
The promoters holding in the company stood at 88.35%, while Institutions and Non-Institutions held 3.79% and 7.86% respectively.
Shyam Metalics and Energy has reported 5.94% rise in net profit at Rs 123.01 crore for fourth quarter ended March 31, 2023 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.
