Shyam Metalics and Energy Limited shares surged more than 6% after the company reported a robust set of numbers for the September quarter, driven by higher volumes and steady margins. As of 1:03 PM, the shares were trading 5.56% higher at Rs 886.00.
The steelmaker’s consolidated net profit rose 21% year-on-year (YoY) to ₹260.45 crore in Q2 FY26, compared to ₹215.68 crore in the same quarter last year.
Revenue from operations increased 22.6% YoY to ₹4,457 crore versus ₹3,634 crore in Q2 FY25, while total income grew 22% to ₹4,526 crore from ₹3,706 crore a year ago, indicating solid growth across key product segments.
Total expenses rose 21.4% to ₹3,917.59 crore from ₹3,225.16 crore, mainly due to higher raw material and employee costs. Profit before tax stood at ₹347.09 crore, up 13.1% from ₹306.80 crore in Q2 FY25, while tax expenses were slightly lower at ₹86.64 crore versus ₹91.87 crore a year earlier.
For the first half of FY26, the company reported a net profit of ₹551.12 crore, up 12% from ₹491.80 crore in H1 FY25. Revenue for H1 FY26 climbed to ₹8,875.86 crore against ₹7,245.63 crore in the same period last year.
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