Quarterly Result16 May 2025, 05:11 pm
Shankara Building Products Reports Q4 & FY25 Results with 33% YoY Increase in Steel Division Volumes
AI Summary
Shankara Building Products Limited, a leading building materials marketplace in India, announced its financial results for the quarter and year ended March 31, 2025. The company achieved record performance in both its steel and non-steel divisions, with the steel division posting its highest-ever quarterly and annual volumes. The non-steel business also continued its growth trajectory, driven by good performance in CP & Sanitaryware as well as PVC Pipes & Fittings. Despite challenging industry conditions and lower steel prices, Shankara remains optimistic, aiming to cross the 1 million tonne mark in steel volumes in FY26.
Key Highlights
- Shankara's steel division achieved record quarterly and annual volumes, with Q4 volumes reaching 2.58 lakh tonnes, a 33% YoY increase.
- For the full year, Shankara exceeded its ambitious target of 0.8 million tonnes by achieving 8.43 lakh tonnes, reflecting a 5% outperformance.
- Non-steel business reported a 20% YoY increase in Q4 and an impressive 26% growth for the full year.
- Shankara aims to cross the 1 million tonne mark in steel volumes in FY26 while further strengthening its Non-Steel business.
- The company's strategic focus, extensive distribution & geographical footprint, and demerger process position it well for sustained growth.