Shyam Metalics and Energy Limited (SMEL) has announced strong financial results for the quarter and year ended March 31, 2026. The company reported a 27% year-on-year revenue growth for Q4 FY26, driven by a 22% increase in sales volumes. Furthermore, the Board has approved a strategic Rs. 2,700 crore Capex investment to accelerate growth, enhance product mix premiumization, and strengthen downstream capabilities for long-term value creation.
Financial Performance Highlights
For the quarter ended March 31, 2026, Shyam Metalics recorded a revenue of Rs. 5,240 crore, representing a 27% increase compared to the same period in the previous year. The company’s profitability also saw significant growth, with Profit After Tax (PAT) reaching Rs. 312 crore, a 42% rise year-on-year. For the full fiscal year 2026, the company achieved a total revenue of Rs. 18,552 crore and a PAT of Rs. 1,061 crore.
Strategic Growth and Capex
To support its next phase of expansion, the Board has sanctioned an additional capital expenditure of Rs. 2,700 crore. This investment is focused on deepening the company’s presence in value-added and specialty steel segments and bolstering stainless steel downstream capabilities. These projects align with the company’s broader strategy of premiumization and capital-efficient growth.
Operational Progress
The company has achieved key milestones in its strategic projects, including the successful commencement of Phase 2 operations at the Jamuria CRM complex. Additionally, the expansion of the aluminium plant at Pakhuria is underway with the integration of new annealing furnaces. Meanwhile, the company’s new aluminium plant project in Odisha has reached an advanced stage, with commercial production expected to begin shortly.
Management Outlook
Mr. Brij Bhushan Agarwal, Chairman & Managing Director, attributed this performance to disciplined execution and operational excellence. Looking ahead, the company aims to leverage its strong market position and continue focusing on innovation and financial prudence to maintain its growth trajectory and build sustainable long-term value for stakeholders.
Source: BSE
