Shyam Century Ferrous Limited has informed the Exchange regarding Board meeting held on November 04, 2025.
SHYAMCENT · price
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The Board of Shyam Century Ferrous Limited approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025) on November 4, 2025. Revenue from operations dropped sharply to Rs. 722.63 lakhs in Q2 FY26 from Rs. 3,175.88 lakhs in Q2 FY25, a fall of about 77%. H1 FY26 revenue stood at Rs. 2,142.09 lakhs versus Rs. 5,830.50 lakhs in H1 FY25. The company reported a Q2 net profit of Rs. 79.57 lakhs (against a loss last year), though H1 FY26 remained in the red with a net loss of Rs. 323.23 lakhs, narrower than the Rs. 499.63 lakhs loss a year ago. The auditor flagged as an emphasis-of-matter that the company has shut its Meghalaya (Byrnihat) plant from May 7, 2025 due to a sharp rise in power tariffs making operations uneconomical, with management exploring revival options.
The sharp revenue decline and plant shutdown are negative signals for near-term earnings, though the company still holds sizeable bank balances (Rs. 8,511.81 lakhs) and low borrowings (Rs. 17.51 lakhs), providing a cushion. Shareholders should watch for updates on the revival/restructuring plan for the Byrnihat plant, which will be key to the stock's direction.