Shyam Metalics and Energy Limited (SMEL) announced robust financial results for the second quarter and half-year ended September 30, 2026. Revenue grew by 33.4% YoY to ₹5,960 crore in Q2 FY27. Operating EBITDA surged by 52.6% YoY, and Profit After Tax (PAT) saw a significant increase of 96.2% YoY to ₹511 crore. Total sales volume also rose by 26% YoY.
Shyam Metalics Reports Robust Q2 FY27 Financial Performance
Shyam Metalics and Energy Limited (SMEL) has released its financial results for the quarter and half-year ended September 30, 2026, showcasing a period of substantial growth. The company reported a significant 33.4% year-over-year increase in revenue, reaching ₹5,960 crore for the second quarter of FY27. This growth underscores the company’s expanding market presence and operational capabilities.
EBITDA and Profit Surge
Key financial highlights for Q2 FY27 include a strong 52.6% year-over-year growth in Operating EBITDA, driven by enhanced operational efficiencies and market demand. Profit After Tax (PAT) demonstrated exceptional performance with a massive 96.2% increase year-over-year, settling at ₹511 crore. This surge in profitability reflects the company’s effective cost management and strong revenue generation.
Sales Volume Expansion
The company also witnessed a healthy expansion in its sales volumes, with a 26% year-over-year increase, totaling 15.49 lakh tonnes. This rise in sales volume, coupled with improved realisations across various product segments, contributed significantly to the overall financial performance.
Strategic Investments and Backward Integration
In addition to its financial results, SMEL announced a strategic move to acquire a 51% controlling stake in Alom Solar Private Limited for the Phutamura Coal Block. This investment of approximately ₹183.6 crore represents a significant step towards backward integration, securing long-term coal supply for captive power generation and steel manufacturing. The company anticipates this integration will yield an incremental EBITDA of approximately ₹400 crore by FY31.
Expansion in Aluminium Foil Capacity
Furthermore, SMEL has increased its aluminium foil capacity at Sambalpur, adding 18,000 TPA to reach a total capacity of approximately 42,000 TPA. A 1.5 MTPA beneficiation plant at Sambalpur has also been commissioned to optimize the use of lower-grade ore and improve feedstock quality.
ESG Initiatives
Reflecting its commitment to Environmental, Social, and Governance (ESG) principles, the company commissioned an 8.90-megawatt peak (MWp) solar power plant at its Jamuria steel mill, advancing its transition to cleaner energy sources.
Future Outlook and Strategic Vision
The company’s Chairman & Managing Director, Mr. Brij Bhushan Agarwal, highlighted the strong performance as a result of disciplined execution and an integrated business model, positioning the company for sustained earnings growth and funding future expansion phases. The strategic focus remains on turning investments into stronger earnings and enhancing shareholder returns.
Consolidated Financial Highlights (Q2 FY27 vs Q2 FY26)
- Revenue: ₹5,960 crore (up 33.4% YoY)
- EBITDA: ₹857 crore (up 40.9% YoY)
- Operating EBITDA: ₹823 crore (up 52.6% YoY)
- Profit After Tax: ₹511 crore (up 96.2% YoY)
- EBITDA Margins: 14.4% (up 80 bps YoY)
- Operating EBITDA Margins: 13.8% (up 170 bps YoY)
- PAT Margins: 8.6% (up 280 bps YoY)
Source: BSE
