Siyaram Recycling Industries reports record profit growth in H1 FY25

Siyaram Recycling Industries Ltd., a leader in brass recycling and manufacturing, has reported its highest-ever financial results for the first half of fiscal year 2025 (H1 FY25). The company’s net profit soared by 81% year-over-year to ₹768.34 lakhs, while revenue increased by 14.23%, reaching ₹24,566.61 lakhs. The announcement underscores the company’s ability to leverage market demand and operational efficiency for unprecedented growth.

Established in 2007, Siyaram Recycling specialises in brass scrap segregation and the production of brass ingots, billets, rods, and components. The company attributed its performance to strong domestic and international demand, with exports—particularly to China—playing a significant role in revenue growth.

Financial Performance Breakdown

The company’s EBITDA for H1 FY25 rose by 42.96% to ₹1,417.33 lakhs, marking its highest-ever earnings for a first half. Earnings per share (EPS) increased to ₹4.09, up by 80.97%. These results reflect not only robust market conditions but also Siyaram’s strategic focus on efficiency and innovation.

Management emphasised that targeted equity financing earlier this year—raising ₹35.30 crores through preferential shares—was instrumental in supporting operational enhancements. The funds have enabled Siyaram to expand its brass component manufacturing capabilities, further solidifying its competitive position.

Sustainability at the Forefront

Siyaram Recycling continues to position itself as a sustainable industry leader. Recycling brass reportedly consumes 65-75% less energy compared to primary production, conserving critical resources like copper and zinc while reducing greenhouse gas emissions. By fostering a circular economy, the company minimises waste and environmental impact, aligning its growth strategy with global sustainability trends.

Strategic Outlook

Looking ahead, Siyaram Recycling has projected over 30% revenue growth for FY25, with net profit expected to rise by more than 60% year-over-year. The company is optimistic about capitalising on India’s burgeoning demand for sustainable materials, supported by government incentives and global shifts toward environmental responsibility.

Key growth areas include expanding its brass component segment and diversifying into new export markets. Siyaram’s advanced manufacturing facilities across Gujarat play a pivotal role in meeting this rising demand.

Industry Leadership

Siyaram Recycling operates across three core segments: brass scrap segregation, brass ingot manufacturing, and brass-based component production, with a particular focus on plumbing and sanitary applications. The company’s expansive footprint spans 18 Indian states and international markets, including Germany, Belgium, and Oman.

The management stated its commitment to delivering sustainable growth while enhancing shareholder value. They credited their strategic investments in infrastructure and technology for enabling this record-breaking performance.

With global demand for recycled brass and sustainable materials showing no signs of slowing, Siyaram Recycling is well-positioned for long-term growth in both domestic and international markets.