Shyam Metalics Reports Strong FY26 Growth Performance
Steel

Shyam Metalics Reports Strong FY26 Growth Performance

Shyam Metalics and Energy Limited (SMEL) reported strong financial performance for the quarter and financial year ended 31 March 2026, supported by growth in revenue, profitability and operational volumes.

The company reported consolidated revenue of Rs 52.40 billion in Q4 FY26, registering a 27 per cent year-on-year increase compared to Rs 41.39 billion in the corresponding quarter last year. EBITDA for the quarter rose 33 per cent to Rs 7.56 billion, while profit after tax increased 42 per cent to Rs 3.12 billion.

For the full financial year FY26, consolidated revenue stood at Rs 185.52 billion, reflecting 22 per cent growth over FY25. EBITDA reached Rs 25.37 billion, while PAT stood at Rs 10.61 billion. Operating EBITDA for the year increased 25 per cent year-on-year to Rs 23.33 billion.

The company said operational volumes grew 22 per cent year-on-year during Q4 FY26, driven by growth across CR coils and sheets, pig iron, stainless steel and iron pellets.

During the quarter, the board approved an additional capex outlay of Rs 27 billion to strengthen value-added and specialty steel operations, expand downstream capabilities and support future growth initiatives.

Shyam Metalics also reported progress across strategic expansion projects, including Phase 2 operations at its CRM complex in Jamuria and expansion of its aluminium plant in Pakuria. The company’s aluminium manufacturing project in Odisha is also nearing commercial production readiness.

Shyam Metalics and Energy Limited (SMEL) reported strong financial performance for the quarter and financial year ended 31 March 2026, supported by growth in revenue, profitability and operational volumes.The company reported consolidated revenue of Rs 52.40 billion in Q4 FY26, registering a 27 per cent year-on-year increase compared to Rs 41.39 billion in the corresponding quarter last year. EBITDA for the quarter rose 33 per cent to Rs 7.56 billion, while profit after tax increased 42 per cent to Rs 3.12 billion.For the full financial year FY26, consolidated revenue stood at Rs 185.52 billion, reflecting 22 per cent growth over FY25. EBITDA reached Rs 25.37 billion, while PAT stood at Rs 10.61 billion. Operating EBITDA for the year increased 25 per cent year-on-year to Rs 23.33 billion.The company said operational volumes grew 22 per cent year-on-year during Q4 FY26, driven by growth across CR coils and sheets, pig iron, stainless steel and iron pellets.During the quarter, the board approved an additional capex outlay of Rs 27 billion to strengthen value-added and specialty steel operations, expand downstream capabilities and support future growth initiatives.Shyam Metalics also reported progress across strategic expansion projects, including Phase 2 operations at its CRM complex in Jamuria and expansion of its aluminium plant in Pakuria. The company’s aluminium manufacturing project in Odisha is also nearing commercial production readiness.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement