Shyam Metalics & Energy Q1 Results Live : profit rise by 35.31% YOY

Shyam Metalics & Energy Q1 Results Live : Shyam Metalics & Energy declared their Q1 results on 30 Jul, 2024, showcasing a strong performance.

The company witnessed a growth in revenue by 8.36% Year-on-Year, indicating a positive trend in its operations.

Moreover, the profit surged significantly by 35.31% Year-on-Year, reflecting efficient cost management and business strategies.

In comparison to the previous quarter, Shyam Metalics & Energy reported a slight increase of 0.15% in revenue and a notable 27.52% growth in profit.

The Selling, general & administrative expenses showed an uptick of 8.78% quarter-on-quarter and 6.23% Year-on-Year.

Operating income also witnessed a positive growth, rising by 16.39% quarter-on-quarter and 37.55% Year-on-Year.

The company's Earnings Per Share (EPS) for Q1 stood at ₹9.89, marking a 25.03% increase Year-on-Year.

Investors have seen varying returns from Shyam Metalics & Energy, with a 4.89% return in the last 1 week, -1.94% return in the last 6 months, and a notable 14.18% Year-to-Date return.

As of 31 Jul, 2024, out of 3 analysts covering the company, 1 analyst has given a Sell rating while 2 analysts have rated it as a Strong Buy.

Currently, Shyam Metalics & Energy holds a market capitalization of ₹19931.2 Cr with a 52-week high/low of ₹745.3 & ₹386.1 respectively.