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Shyam Metalics and Energy surges despite reporting 13% fall in Q4 consolidated net profit
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Shyam Metalics And Energy is currently trading at Rs. 614.00, up by 11.40 points or 1.89% from its previous closing of Rs. 602.60 on the BSE.
The scrip opened at Rs. 609.00 and has touched a high and low of Rs. 614.65 and Rs. 604.05 respectively. So far 346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 772.30 on 12-Feb-2024 and a 52 week low of Rs. 292.05 on 05-Jun-2023.
Last one week high and low of the scrip stood at Rs. 614.65 and Rs. 561.45 respectively. The current market cap of the company is Rs. 16820.49 crore.
The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 6.80% and 18.61% respectively.
Shyam Metalics and Energy has reported 10.32% fall in its net profit at Rs 110.31 crore for the quarter ended March 31, 2024 as compared to Rs 123.01 crore for the same quarter in the previous year. Total income of the company decreased by 1.17% at Rs 1,795.61 crore for Q4FY24 as compared Rs 1,816.78 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 13.40% fall in its net profit at Rs 219.94 crore for fourth quarter ended March 31, 2024 as compared to Rs 253.96 crore for the same quarter in the previous year. However, total income of the company increased by 5.97% at Rs 3657.24 crore for Q4FY24 as compared Rs 3451.29 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 17.51% rise in net profit at Rs 351.40 crore as compared to Rs 299.03 crore for the previous year. Total income of the company increased by 7.05% at Rs 6,764.85 crore for year under review as compared to Rs 6319.29 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 22% rise in its net profit at Rs 1029.00 crore as compared to Rs 843.49 crore for the previous year. Total income of the company increased by 4.64% at Rs 13,354.20 crore for year under review as compared to Rs 12,762.54 crore for year ended March 31, 2023.
