Shyam Metalics and Energy reported a robust set of consolidated results for the quarter and financial year ended 31 March 2026, with Q4 revenue at Rs 52.4 billion and operating EBITDA of Rs 7.27 billion. EBITDA for the quarter stood at Rs 7.56 billion and profit after tax was Rs 3.12 billion, reflecting strong year on year improvement. Quarterly revenue rose by 27 per cent year on year while volumes increased by 22 per cent, driven by demand across carbon steel, speciality alloys and aluminium foil businesses. Operating EBITDA margin expanded and full year operating EBITDA reached Rs 23.33 billion, up 25 per cent from the prior year, underpinning cash generation. The board has approved a strategic capital expenditure programme of Rs 27 billion for the next phase of growth to deepen presence in value added and specialty steel segments and to strengthen downstream stainless steel capabilities. Management indicated that the investment will support premiumisation and downstream integration while preserving capital discipline. Operational progress included commencement of Phase two operations at the cold rolled mill complex in Jamuria and expansion of annealing capacity at the aluminium plant in Pakhuria, with the Odisha aluminium project reported to be in an advanced stage of readiness for commercial production. These projects are expected to enhance the product mix and margin profile over time. The company noted a market capitalisation of Rs 243.29 billion and said it remains one of the largest producers of ferro alloys and a leading pellet and sponge iron player by installed capacity in India, with the ability to sell intermediate and finished products across the steel value chain. Management reaffirmed focus on innovation, operational discipline and financial prudence to sustain long term value creation. The release included a safe harbour statement that forward looking statements are subject to risks and uncertainties and actual results may differ materially. The company advised that it will not undertake obligations to update forward looking statements to reflect events after the date of the release.