Bhubaneswar – Shyam Metalics and Energy Limited (SMEL), a leading multi-metal conglomerate with footprints in carbon steel, stainless steel, specialty alloys and aluminum foil along with captive power plant announced its Financial Results for the quarter ended 30th June 2026.
Key Consolidated Financial Highlights
| Particulars (Rs. Cr) | Q1 FY27 | Q1 FY26 | Y-o-Y | Q4 FY26 | Q-o-Q | FY26 |
| Revenue | 5,455 | 4,423 | 23.3% | 5,240 | 4.1% | 18,552 |
| EBITDA | 812 | 633 | 28.3% | 756 | 7.4% | 2,537 |
| EBITDA Margins (%) | 14.9% | 14.3% | 14.4% | 13.7% | ||
| Operating EBITDA | 765 | 580 | 32.0% | 727 | 5.3% | 2,333 |
| Operating EBITDA Margins (%) | 14.0% | 13.1% | 13.9% | 12.6% | ||
| Profit after Tax | 351 | 291 | 20.6% | 312 | 12.6% | 1,061 |
| PAT Margins (%) | 6.4% | 6.6% | 6.0% | 5.7% |
Commenting on the Results, Mr Brij Bhushan Agarwal, Chairman & Managing Director said
“We commenced Q1 FY27 on a strong footing, driven by disciplined execution, operational excellence, and the strength of our integrated business model. During the quarter, Revenue, EBITDA and PAT grew by 23%, 28% and 21% year-on-year respectively. EBITDA margin improved by 100 bps supported by sustained operational efficiency improvements.
A defining milestone during the quarter was the unveiling of our Vision 2031 roadmap, which outlines our ambition to transform Shyam Metalics from a commodity-focused steel producer into a diversified, value-added metals enterprise with a stronger and more resilient earnings profile.
We also achieved a significant operational milestone with the commencement of commercial production at our Aluminium Foil Facility in Odisha, marking an important step in building a fully integrated downstream aluminium ecosystem. The Aluminium Flat Rolled Products facility remains on track for commissioning in the second quarter, while all major projects across our growth portfolio are progressing as planned and continue to advance within their targeted timelines.
Importantly, despite executing one of the largest investment programmes in our history, we have maintained a strong balance sheet with marginal debt levels, reflecting prudent capital allocation, healthy internal cash generation, and our long-standing commitment to self-funded growth. As our new capacities ramp up and high-value businesses such as HR, SBQ, stainless steel, aluminium and other downstream segments contribute meaningfully, we expect a significant strengthening of earnings quality, profitability, and capital efficiency over the coming years. We remain confident of achieving our long-term objective of delivering superior returns, with ROE and ROCE expected to improve materially as the Vision 2031 strategy unfolds.
Looking ahead, supported by our strong financial position, diversified portfolio, and a well-defined growth pipeline, we are well positioned to capitalise on emerging opportunities and create sustainable long-term value for all stakeholders.”
