Total expenses for the quarter increased 4.28% YoY to Rs 449.94 crore. Among the cost components, other expenses rose sharply by 33.1% YoY to Rs 278.76 crore, outpacing the increase in raw material consumption costs (up 8.36% YoY) and employee benefit expenses (up 11.51% YoY).

Meanwhile, the board has recommended a dividend of Rs 10 per equity share for FY25, subject to shareholder approval.

Kalyani Steels is a part of Kalyani Group and is primarily engaged in the business of the manufacture and sale of iron and steel products.