Shyam Metalics and Energy Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 33,068.1 million compared to INR 32,232 million a year ago. Revenue was INR 33,398.4 million compared to INR 32,451.3 million a year ago.

Net income was INR 2,373.9 million compared to INR 4,148.5 million a year ago. Basic earnings per share from continuing operations was INR 9.22 compared to INR 16.22 a year ago. Diluted earnings per share from continuing operations was INR 9.22 compared to INR 16.22 a year ago.