NewMalayalam Steel Limited (NSE: NMSTEEL), known for its expertise in galvanized pipes, tubes, and sheets, announced the receipt of multiple new orders worth ₹9.24 crore, further bolstering its strong market performance. This development is part of the company’s continued efforts to expand its market presence and achieve sustainable growth.
Key Order Details:
- Order Dated January 25, 2025
- Product: 800 MT of Demac GP Pipes and Tubes
- Order Value: ₹5.69 crore
- Order Dated January 16, 2025
- Product: 500 MT of Demac GP Pipes and Tubes
- Order Value: ₹3.55 crore
This achievement comes as part of a successful January, during which the company secured orders totaling ₹41 crore, reflecting its strategic emphasis on market expansion and enhanced customer engagement.
Management Commentary
Mr. Vazhappily Davis Varghese, Managing Director of NewMalayalam Steel Limited, expressed his gratitude, stating, “These orders reaffirm the trust and confidence that our esteemed clients place in our products. We are committed to delivering superior quality products on time and meeting the diverse needs of our customers. We will continue to strive for operational excellence in all areas of our business to consistently exceed customer expectations.”
Financial Snapshot
For FY24, NewMalayalam Steel Limited reported:
- Revenue: ₹300.16 crore
- EBITDA: ₹10.27 crore
- Profit After Tax (PAT): ₹4.27 crore
Company Overview
NewMalayalam Steel Limited specializes in producing galvanized pipes, tubes, and sheets with an extensive distribution network in Kerala. The company sources pre-galvanized coils from both domestic (JSW, AMNS) and international suppliers. Its production facilities prioritize sustainability, including partial solar-powered operations, and the company enforces strict quality control measures to maintain its product standards.
The latest order wins highlight NewMalayalam Steel’s robust positioning in the steel manufacturing sector and its commitment to sustainable growth through innovation and operational excellence.
