Shah Metacorp Limited, previously known as Gyscoal Alloys Limited, announced a net profit of Rs. 45.12 lakhs for the half-year period ending September 30, 2025. This financial performance was disclosed following a Board Meeting held on November 14, 2025, where the Board approved the unaudited standalone and consolidated financial results along with a limited review report from the statutory auditor, M/s. Ashok Dhariwal & Co. The meeting lasted from 11:30 A.M. to 12:30 P.M., and the results are now available on the company’s website.
The financial results revealed that the company’s consolidated total assets stood at Rs. 16,694.40 lakhs, with total revenues reaching Rs. 2,696.30 lakhs for the same half-year period. Despite the positive profit figures, there are challenges, including long-outstanding trade receivables amounting to Rs. 88.82 crores, for which a provision for doubtful debts of Rs. 66.52 crores has been recognized. Management expressed confidence in recovering these amounts in subsequent quarters but noted that unrecovered portions may be written off if necessary.
Additionally, notable corporate actions were undertaken, including the issuance of 25,58,32,190 equity shares on a preferential basis at Rs. 4.71 per share and the conversion of share warrants into equity shares during the reporting period. The company also acquired an 85.60% stake in General Capital and Holding Company Private Limited and an 80.00% stake in Metcorp Trading LLC, enhancing its portfolio through a share swap arrangement. These developments reflect Shah Metacorp's strategic focus on growth and expansion while navigating financial recoveries and enhancing shareholder value.