Shyam Metalics and Energy Limited has reported robust financial performance for the year ended March 31, 2026, featuring a significant net profit of ₹1,070.24 crore for the year. Alongside its financial results, the company announced a massive ₹2,700 crore capital expenditure program to expand manufacturing capacity in Kharagpur and Sambalpur, aiming to drive long-term growth and enhance shareholder value.
Financial Highlights for FY26
The company delivered a solid performance for the financial year ending March 31, 2026. Total revenue from operations for the full year reached ₹18,552.24 crore, compared to ₹15,158.63 crore in the previous year. Net profit attributable to owners of the company for the fiscal year stood at ₹1,070.24 crore, up from ₹908.10 crore in the prior year. For the fourth quarter (Jan-Mar), the company reported a net profit of ₹319.09 crore.
Strategic Capital Expansion
To bolster its long-term growth and market position, the Board has approved a fresh ₹2,700 crore capital expenditure plan. The investment focuses on two major projects:
- Kharagpur Facility: A new Long & Speciality Wire Rod and Bar Mill (SBQ Mill) with an annual capacity of 8,00,000 TPA, with an expected commissioning date of March 31, 2029.
- Sambalpur Facility: An expansion of stainless steel manufacturing facilities from 0.50 MTPA to 0.60 MTPA, including downstream facilities, slated for commissioning by March 1, 2029.
Dividend and Governance
Reflecting confidence in the company’s financial health, the Board has recommended a final dividend of ₹2.70 per equity share, representing a 27% payout on the face value of ₹10 per share, subject to shareholder approval at the upcoming Annual General Meeting.
In addition to the operational and financial updates, the company has appointed Ernst & Young LLP as Internal Auditors and BSS & Associates as Cost Auditors for the 2026-27 financial year to strengthen governance and compliance processes.
Source: BSE
