News

Shyam Metalics and Energy surges on reporting around 6-fold jump in Q1 consolidated net profit

On standalone basis, the company has reported around 5-fold jump in its net profit at Rs 224.88 crore in Q1FY22

Shyam Metalics And Energy is currently trading at Rs. 447.95, up by 5.55 points or 1.25% from its previous closing of Rs. 442.40 on the BSE.

The scrip opened at Rs. 451.95 and has touched a high and low of Rs. 458.35 and Rs. 439.05 respectively. So far 267743 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 360.95 on 30-Jun-2021.

Last one week high and low of the scrip stood at Rs. 461.15 and Rs. 403.95 respectively. The current market cap of the company is Rs. 11301.35 crore.

The promoters holding in the company stood at 100.00%.

Shyam Metalics and Energy has reported around 5-fold jump in its net profit at Rs 224.88 crore for the quarter ended June 30, 2021 as compared to Rs 49.64 crore for the same quarter in the previous year. Total income of the company also jumped by over 2-fold at Rs 1,187.68 crore for Q1FY22 as compared Rs 493.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 6-fold jump net profit attributed to the owners at Rs 457.98 crore for the quarter ended June 30, 2021 as compared to Rs 80.29 crore for the same quarter in the previous year. Total income of the company also jumped by around 3-fold at Rs 2,472.81 crore for Q1FY22 as compared Rs 915.51 crore for the corresponding quarter previous year.