Shyam Metalics: Mixed Q3 Results, Shares Dip Despite December Volume Surge

• Shyam Metalics shares fell after reporting mixed business updates for December and Q3.
• December stainless steel volumes surged 19.1% YoY and 44.1% MoM, with average realisations also rising.
• However, Q3 stainless steel volumes declined 9.9% sequentially, despite an 8.4% improvement in realisations.
• Speciality alloys showed strong growth in December and Q3 volumes, while other segments like pellets, carbon steel, and pig iron had mixed results.
• Q2 results saw revenue over ₹3,000 crore, but net profit dropped over 70% due to higher raw material costs and expenses.

Why It Matters: Shyam Metalics sees mixed Q3 results and share decline despite strong December stainless steel growth.