Shyam Century Ferrous Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
SHYAMCENT · price
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Awaiting price reaction for this filing.
Shyam Century Ferrous Limited reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results, with revenue from operations falling sharply to ₹1,419.46 lakhs from ₹2,694.62 lakhs in the same quarter last year, a drop of about 47%. The company posted a net loss of ₹402.80 lakhs, wider than the ₹270.05 lakh loss in Q1 FY25, while total comprehensive income turned positive at ₹675.50 lakhs only because of a ₹1,240.15 lakh gain from revaluing equity investments held by the company. The company's Byrnihat (Meghalaya) plant has been shut down since May 7, 2025 because sharply higher power tariffs made production unviable, and management is exploring restructuring and revival options. The statutory auditor issued a clean limited review report but included an emphasis-of-matter paragraph highlighting the plant shutdown.
Negative for shareholders — the core ferro silicon business is loss-making and shrinking, and the shutdown of a key plant raises serious questions about the company's operating future. The positive comprehensive income figure is misleading as it is driven by mark-to-market gains on investments, not operating performance.