Shyam Metalics Reports Strong Q4 & FY26 Performance; Revenue Rises 27% YoY in Q4, Board Approves ₹2,700 Cr Growth Capex

Mumbai : Shyam Metalics and Energy Limited (SMEL), one of Indias leading integrated metal-producing companies, announced its financial results for the quarter and full year ended 31st March 2026, reporting robust growth across revenue, profitability, and operational performance.

The Company reported consolidated revenue of ₹5,240 crore in Q4 FY26, registering a growth of 27% year-on-year, compared to ₹4,139 crore in Q4 FY25. EBITDA for the quarter stood at ₹756 crore, up 33% YoY, while Profit After Tax (PAT) rose 42% YoY to ₹312 crore. Operating EBITDA increased by 41% YoY to ₹727 crore during the quarter.

For the full financial year FY26, the Company reported consolidated revenue of ₹18,552 crore, reflecting a growth of 22% over FY25. EBITDA for the year stood at ₹2,537 crore, while PAT increased to ₹1,061 crore. Operating EBITDA for FY26 stood at ₹2,333 crore, registering a growth of 25% year-on-year.

The Company witnessed strong operational momentum during the quarter, with overall volumes growing by 22% year-on-year in Q4 FY26. Significant growth was witnessed across key product categories including CR Coil/CR Sheet, Pig Iron, Stainless Steel and Iron Pellets, supported by improved realizations and enhanced operational efficiencies.

During the quarter, the Board approved an additional capex outlay of ₹2,700 crore aimed at strengthening the Companys presence in value-added and specialty steel segments, expanding downstream capabilities, and supporting long-term growth initiatives.

The Company also made notable progress across its strategic expansion projects during the year, including the commencement of Phase 2 operations at its CRM complex in Jamuria and expansion at its aluminium plant in Pakuria through the addition of annealing furnaces. Further, the aluminium manufacturing project in Odisha is in an advanced stage of readiness for commencement of commercial production.

The Companys continued investments and expansion initiatives are also aligned with the broader industrial growth momentum being witnessed across West Bengal, supported by the states increasing focus on manufacturing-led development, infrastructure creation, ease of doing business, and industrial ecosystem strengthening. Through its sustained investments, employment generation, and capacity expansion initiatives, Shyam Metalics continues to contribute meaningfully towards the vision of a stronger industrial and manufacturing-driven “Sonar Bangla.”

Commenting on the results, Mr. Brij Bhushan Agarwal, Chairman & Managing Director, Shyam Metalics and Energy Limited, said,

“Our performance during Q4 and FY26 reflects the strength of our integrated business model, disciplined execution, and continued focus on operational excellence. The consistent growth across revenues, profitability, and volumes demonstrates our ability to create sustainable value while navigating evolving market conditions. The newly approved capex will further strengthen our downstream and value-added product portfolio, supporting long-term growth across steel and aluminium segments.

As West Bengal enters a new phase of industrial and economic progress, we believe the governments renewed focus on infrastructure, investment facilitation, and ease of doing business will further strengthen the states manufacturing ecosystem. Through our upcoming expansion projects, we aim to support over 50,000 direct and indirect livelihoods from the current 25,000+, while contributing meaningfully towards the vision of a stronger and self-reliant Sonar Bangla.”

The Company remains focused on strengthening its market position through premiumization, downstream integration, operational discipline, and strategic capacity expansion, while continuing to drive long-term sustainable growth.