Shyam Metalics and Energy Q3 Business Update: Stainless Steel sales surge 59% YoY to 20,485 MT

Shyam Metalics and Energy Limited (SMEL) has released its consolidated sales performance for December 2024 and the third quarter of FY25, showcasing notable growth across several product categories.

Key Highlights:

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Stainless Steel

  • Monthly Performance (YoY): Sales volumes surged by 59% to 7,889 MT, but average realization declined by 6% to ₹1,22,681 per MT.
  • Quarterly Performance (QoQ): A slight 2% drop in sales volumes to 20,485 MT, with realizations down by 7%.

Aluminium Foil

  • Monthly Performance (YoY): Volumes increased by 32% to 1,920 MT, with a realization growth of 11% to ₹3,56,235 per MT.
  • Quarterly Performance (QoQ): Sales volumes rose by 7% to 5,476 MT, accompanied by a 1% increase in realizations.

Specialty Alloys

  • Monthly Performance (YoY): Sales volumes rose by 7% to 14,502 MT, while realizations dipped by 6%.
  • Quarterly Performance (QoQ): Sales declined by 8% to 48,340 MT, with a 5% drop in realizations.

Carbon Steel

  • Monthly Performance (YoY): Sales volumes grew by 11% to 1,58,333 MT, though realizations decreased by 5% to ₹42,988 per MT.
  • Quarterly Performance (QoQ): Volumes increased by 3% to 4,22,291 MT, while realizations were stable.

Pig Iron

  • Monthly Performance (YoY): A massive 772% jump in sales volumes to 24,594 MT, although realizations dropped by 5%.

Sponge Iron

  • Monthly Performance (YoY): Volumes decreased by 31% to 74,305 MT, with realizations declining by 6%.
  • Quarterly Performance (QoQ): Volumes remained flat, while realizations increased by 4%.

Pellet

  • Monthly Performance (YoY): Sales volumes surged by 42% to 87,114 MT, but realizations fell by 5%.
  • Quarterly Performance (QoQ): Volumes declined by 18%, though realizations rose by 7%.

CR Coil/CR Sheets

  • Monthly Performance (MoM): Sales volumes increased by 69% to 1,932 MT, while realizations improved by 14%.