According to reports from CNBC TV18, Shyam Metalics and Energy Ltd. delivered robust operational performance across its value-added product portfolio for the June quarter. The company's stainless steel sales volume increased 40.2% year-on-year, while average realisations rose 23.2%, reflecting healthy demand and improved pricing dynamics. On a sequential basis, stainless steel sales volumes rose 7.8%, though realisations declined 2.6%. Latest data from EquityPandit confirms the company achieved stainless steel volumes of 2,89,201 MT in the June quarter, with realisations improving 5.09% to ₹38,800 per MT. The strong performance was supported by new blast furnace capacity, including a 0.77 MTPA unit at Jamuria and a 0.45 MTPA furnace at Ramsarup, both commissioned over the past two years to meet rising demand.
As reported by CNBC TV18, the company's aluminium foil segment continued its strong performance with sales volumes rising 20.7% year-on-year and average realisations increasing 39.3%. Compared with the previous month, aluminium foil volumes grew 37.1%, while realisations improved 1.6%. The latest data from EquityPandit shows aluminium foil realisations surging 39.32% year-on-year to ₹5,03,400 per MT, demonstrating exceptional pricing power in this segment. The segment demonstrated consistent growth momentum throughout the quarter, positioning it as a key growth driver for the company.
According to CNBC TV18, pellet sales volumes surged 92.3% year-on-year, while average realisations increased 2.2%. On a month-on-month basis, pellet sales volumes rose 38.9%, though realisations declined 5.6%. The latest data from EquityPandit confirms pellet sales volumes rose 40.50% to 3,91,074 MT for the quarter, though realisations slipped 5.22% from the previous quarter to ₹9,057 per MT. The company's pellet segment demonstrated exceptional growth rates across all measurement periods, benefiting from the expanded production capacity.
As reported by EquityPandit, Shyam Metalics commissioned Phase II of its Colour Coated Steel Plant at Jamuria in April, adding 0.15 MTPA of capacity and taking the plant's total capacity to 0.40 MTPA. This expansion helped push CR Coil and CR Sheet volumes up 53.46% year-on-year for the month of June. The company's Pig Iron business led the show with strong quarterly performance, while Carbon Steel volumes rose 16.53% monthly despite a 11.02% quarterly decline as demand softened somewhat. The capacity additions position the company well to capitalize on growing market demand across multiple product segments.
According to CNBC TV18, Shyam Metalics shares were trading 0.17% lower at ₹953.45 on Monday, July 6, despite the healthy operational growth reported. Latest trading data from EquityPandit shows Shyam Metalics shares trading at ₹952.50 on the NSE, down 0.27% for the day, having pulled back from the morning's high despite the healthy operational numbers. The stock has delivered gains of over 13% for the year, indicating positive investor sentiment despite the recent day's decline. The mixed market response suggests investors are weighing the strong operational performance against current market conditions, with the stock showing resilience despite short-term volatility.
