Shyam Metalics and Energy (SHYAMMETL) Q4 24/25 earnings summary

Executive summary

• Revenue grew 15% year-over-year in FY25 to Rs. 15,138 crore, with EBITDA up 21.2% and PAT at Rs. 909 crore, maintaining profitability since inception.

• New corporate office inaugurated in Kolkata and operations consolidated to enhance sales and customer engagement.

• Launched new color-coated roofing sheets, food-grade aluminum foil, and expanded value-added product portfolio through acquisitions and greenfield projects.

• Glass furnace facility in Jamuria commissioned and operating efficiently, contributing to sales.

• Board approved audited standalone and consolidated financial results for FY25, with unmodified audit opinions and leadership transition to Brij Bhushan Agarwal as Executive Chairman.

Financial highlights

• Q4 FY25 consolidated operating revenue: INR 4,139 crores, up 15% year-over-year; EBITDA: INR 515 crores, up 17% year-over-year and 13% sequentially.

• FY25 consolidated revenue: INR 15,138 crores (up 15% YoY); EBITDA: INR 2,097 crores (up 21.2% YoY); PAT: INR 909 crores (down 11.6% YoY due to acquisition adjustments).

• Gross margin for FY25 at 27.7%; Q4 EBITDA margin at 12.5%, up 30 bps year-over-year.

• Dividend of INR 2.25 per share declared for FY25, with total outgo of INR 125 crores.

• Net cash position of INR 1,062 crores as of March 31, 2025; gross debt/equity at 0.07.

Outlook and guidance

• Expecting minimum 50% CAGR annually through strategic projects and efficiency optimization.

• Revenue for FY27 projected at INR 22,000-23,000 crores, with EBITDA between INR 2,800-3,200 crores based on current realizations.

• Focus on value-added products, targeting 80% of revenue mix from these segments.

• Ongoing expansion in steel, stainless steel, and aluminium capacities, with significant capex planned.

• Q1 FY26 expected to see sequential growth in volume and revenue as new capacities ramp up.