Shyam Metalics Profit Expected to Soar 48% on Strong Q4

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AuthorKavya Nair|Published at:
Shyam Metalics Profit Expected to Soar 48% on Strong Q4
Overview

Brokerage ICICI Securities forecasts Shyam Metalics' net profit to surge 47.8% year-over-year to ₹325.4 crore in the fourth quarter. Net sales are expected to rise 27.5% to ₹5,277.5 crore, indicating strong business performance.

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Shyam Metalics' Strong Q4 Earnings Forecast

Brokerage ICICI Securities expects Shyam Metalics and Energy Limited to see strong financial growth in its fourth fiscal quarter, ending March 2024. The firm forecasts a net profit of ₹325.4 crore, a 47.8% increase year-over-year. This also represents a substantial 64.7% jump from the previous quarter.

Revenue and Profitability Growth Projected

Net sales are projected to climb 27.5% year-over-year to ₹5,277.5 crore, a 19.4% rise from the prior quarter. Operational profitability, measured by EBITDA, is also expected to grow significantly. ICICI Securities forecasts EBITDA to increase 28.1% year-over-year to ₹659.7 crore, up 35.4% from the previous quarter.

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