Shyam Metalics and Energy Limited (SMEL) announced strong results for Q3 FY26. Volumes increased by 25% year-over-year, while revenues grew by 18%. The board has approved a fresh capital expenditure (CAPEX) of ₹6,660 crores. The company continues to focus on value-added products and operational excellence, driving growth and profitability.
Financial Performance Highlights
Shyam Metalics and Energy Limited (SMEL) has reported substantial growth in both volume and revenue for the third quarter of fiscal year 2026. Key highlights from the announcement include:
- Revenue: ₹4,421 Cr, a 17.7% increase year-over-year.
- EBITDA: ₹539 Cr, reflecting a 6.3% year-over-year growth.
- Operating EBITDA: ₹487 Cr, up by 6.9% compared to the previous year.
- Profit After Tax: ₹198 Cr.
The company also highlighted a fresh CAPEX announcement of ₹6,660 Cr.
Sales Volume Analysis
In terms of sales volumes, the company experienced notable changes across different product categories:
- Specialty Alloys: 57,381 tonnes, marking an increase of 18.7% year-over-year.
- Iron Pellets: 278,684 tonnes, a significant surge of 43.0% compared to the previous year.
- Carbon Steel: 4,11,847 tonnes.
- Sponge Iron: 2,48,704 tonnes.
Management Commentary
According to Mr. Brij Bhushan Agarwal, Chairman & Managing Director, Shyam Metalics delivered another exceptional quarter. He noted a 25% volume growth and 18% revenue growth in Q3 FY26. He stated the company will continue to expand its share of value-added products and strengthen its competitive position, improving overall profitability. The approved CAPEX will drive value-added growth and enhance margins, aligning with the strategy of deepening backward integration and improving cost competitiveness.
Strategic Developments
During Q3 FY26, the company successfully commissioned and commenced commercial production of a 0.45 MTPA blast furnace at its Kharagpur plant, enhancing steelmaking capacity and strengthening the integrated manufacturing footprint. This milestone supports the company’s long-term growth ambitions.
Source: BSE
