India: Shyam Metalics puts up strong performance in Q1 FY'22

Kolkata-based Shyam Metalics and Energy Ltd has reported a significant improvement in key performance indicators for Q1 FY'22.

• Revenue from operations increased by 170% y-o-y to INR 2,465 crore in Q1 FY'22.
• EBIDTA stands at INR 688 crore for the quarter, up 353% y-o-y.
• The company expanded its sponge iron capacity to 1.39 mn t/year in FY'21 and proposes to increase blast furnace capacity to 0.6 mn t/year in Kolkata, West Bengal.