Shyam Metalics and Energy Limited (SMEL) has reported a strong financial performance for the fourth quarter and full year ending 31st March 2026. The company, which operates across carbon steel, stainless steel, specialty alloys, and aluminium foil sectors, recorded a 27% year-on-year increase in revenue for Q4 FY26, reaching ₹5,240 crore.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter stood at ₹756 crore, marking a 33% rise from the same period last year. The operating EBITDA also showed significant growth, reaching ₹727 crore, a 41% increase year-on-year. Profit after tax (PAT) for the quarter was ₹312 crore, up by 42% compared to Q4 FY25.
Shyam Metalics’ board has approved a strategic capital expenditure of ₹2,700 crore aimed at the next phase of growth. This investment is intended to enhance the company’s presence in value-added and specialty steel segments, bolster stainless steel downstream capabilities, and support a shift towards a richer product mix with better margin potential.
The company also reported a 22% year-on-year increase in volumes for Q4 FY26. Key product segments such as speciality alloys and carbon steel saw notable growth in per tonne realisations, with increases of 8.9% and 3.1% respectively. The company’s aluminium segment recorded a 16.1% rise in per tonne realisations.
Commenting on the results, Mr Brij Bhushan Agarwal, Chairman & Managing Director, stated, “We delivered a robust performance this quarter, with volumes growing 22% year-on-year, revenue increasing 27% year-on-year, and profitability rising 42% year-on-year. This strong performance was driven by disciplined execution, operational excellence, and sustained momentum across our businesses.”
The company has also made progress on key strategic projects, reinforcing its commitment to long-term growth through premiumisation, downstream integration, and capital-efficient expansion.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).