Indian ferrosilicon and ferromanganese producer Shyam Century Ferrous Limited has reported a net profit of INR 21.00 million ($0.2 million) in the first quarter (April-June) of the fiscal year 2023-24, a decline of 70.26 percent year on year, according to a regulatory filing by the company on Wednesday, August 9.
The company reported a total sales income of INR 410.18 million ($4.95 million), a rise of 21 percent over the corresponding quarter of the previous year.
The company operates a plant with a production capacity of 21,600 mt of ferrosilicon, along with a 14 MW captive power plant, in the north eastern state of Meghalaya.