Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Q4 net profit rises 1% to ₹310 crore
Revenue steady at ₹3,950 crore
Demand remains stable despite market challenges.
India-based Shyam Metalics and Energy Limited (SMEL) reported a modest 1% year-on-year increase in consolidated net profit for the fourth quarter of FY 2024-25. According to the company's latest financial statement, net profit for the quarter stood at ₹310 crore, compared to ₹307 crore in the same period last year.
The marginal growth was attributed to stable domestic demand, operational efficiencies, and steady pricing in the steel segment. SMEL’s consolidated revenue for Q4 reached ₹3,950 crore, showing a slight improvement over ₹3,900 crore from the previous year.
Company officials cited the resilience of the steel sector and consistent demand from infrastructure and automotive industries as key factors supporting profitability. They also noted that rising input costs and global market volatility posed significant challenges, capping stronger growth in the quarter.
Looking ahead, SMEL remains cautiously optimistic for FY 2025-26, expecting demand momentum to continue, especially with government infrastructure initiatives and industrial growth.
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