However, the company noted that month-on-month (MoM) volumes declined across key segments due to February being a shorter trading month.
Stainless steel sales surged 110% YoY to 8,552 metric ton (MT), while realisations improved 10% YoY to ₹1.29 lakh per MT. However, on an MoM basis, sales declined 5%, despite a 3% increase in realisations.
A similar trend was observed in aluminium foil, where sales climbed 23% YoY to 1,686 MT, while realisations rose 13% YoY to ₹3.52 lakh per MT. Compared to January, aluminium foil sales fell 14% MoM, though realisations edged up 3%.
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The company’s speciality alloys segment remained largely flat on a YoY basis, with sales increasing just 0.44%, while realisations dipped 2%. Sequentially, sales improved 2% MoM, and realisations saw a marginal 0.16% rise.
Meanwhile, carbon steel sales declined 5% YoY, with realisations down 0.41%. MoM, sales saw a sharper 17.74% drop, though realisations inched up 1%.
Ahead of the business update, shares of Shyam Metalics surged 8.82% to close at ₹825 on Friday on the BSE, reflecting strong investor sentiment.
