Shyam Metalics Reports Strong Q4 Performance with 59% Surge in Stainless Steel Sales
Shyam Metalics up 8% on posting Q4 update; stainless steel sales up 59% YoY
Business Standard
Image: Business Standard
Shyam Metalics and Energy's shares rose by 7.7% following the release of their Q4FY26 sales figures, showcasing a 58.91% year-on-year increase in stainless steel sales volume. The company experienced significant growth across multiple product segments, with pig iron sales skyrocketing by 245.37% in March.
- 01Shyam Metalics' shares increased by 7.7% after Q4FY26 sales report.
- 02Stainless steel sales volume rose 58.91% year-on-year in March.
- 03Pig iron sales volume surged 245.37% in March, with a 596.56% increase for the full year.
- 04Carbon steel sales volume increased 3.09% year-on-year in March.
- 05The company reported a significant rise in average realisations across various segments.
Advertisement
In-Article Ad
Shyam Metalics and Energy saw its shares rise by 7.7% on the Bombay Stock Exchange (BSE) after announcing its Q4FY26 sales figures. The company's stainless steel sales volume reached 10,519 MT in March, marking a 58.91% increase year-on-year, while average realisation improved by 19.01% to ₹1,52,633 per MT. Other segments also performed well, with pig iron sales volume soaring 245.37% to 94,319 MT in March, and a remarkable 596.56% increase for the full year. Overall, the company reported growth across its product lines, including aluminium foil and speciality alloys, indicating robust demand and operational efficiency. Shyam Metalics continues to position itself as a leading integrated metal producer, benefiting from its diverse product offerings and captive power facilities.
Advertisement
In-Article Ad
The strong performance of Shyam Metalics may lead to increased investor confidence and potential job growth in the metal production sector.
Advertisement
In-Article Ad
Reader Poll
Do you think Shyam Metalics will continue its growth trend in the coming quarters?
Connecting to poll...
Read the original article
Visit the source for the complete story.