9,724.50 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
73.24 USD Fossil Oil Fossil Oil
29.75 USD Silver Silver
4.12 USD Copper Copper
100.31 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,628.71 TRY Gold (gr) Gold (gr)

Shyam Metalics and Energy announced its consolidated net profit in the 4th quarter

India's Shyam Metalics and Energy announced that its consolidated net profit increased by 13.39% to 3,606.20 billion Rupees (43.65 million USD) in the 4th quarter of FY24.

Shyam Metalics and Energy announced its consolidated net profit in the 4th quarter

Shyam Metalics and Energy, one of the largest ferroalloy manufacturers in India and a leading player in pellet capacity, ranks fourth in sponge iron production capacity in India.

The company reported a significant 100.69% year-on-year increase in stainless steel production, reaching 7,015 tonnes in June 2024 compared to 3,496 tonnes in June 2023. Carbon steel production fell 1.06% year-on-year to 1,20,803 tonnes. Sponge iron production increased from 40,599 tons in June 2023 to 89,261 tons in June 2024. Pellet production also increased by 6.95% annually to 87,251 tons.

The company's consolidated net profit stood at Rupees 3,606.20 billion (USD 43.65 million) in the 4th quarter of FY24, up 13.39% compared to the 4th quarter of FY23, despite a 5.19% decline in net sales.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

‘IMF: Gulf countries continue to grow on reforms and steel production’

Monday, December 23, 2024

India launches investigation into flat steel product imports

Monday, December 23, 2024

Italy's crude steel production decreased in November

Monday, December 23, 2024

Ukraine increased the export of scrap by 62.4%

Monday, December 23, 2024

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now