Shyam Metalics Reports Robust Q1 FY27 Results, Driven by Revenue and EBITDA Growth; Declares Dividend

Shyam Metalics Reports Robust Q1 FY27 Results, Driven by Revenue and EBITDA Growth; Declares Dividend​

Shyam Metalics and Energy Limited (SMEL), a leading integrated metal-producing conglomerate operating across steel, stainless steel, specialty alloys, and aluminum foil in India, announced its financial results for the quarter ended June 30, 2026. The company reported significant growth across its operations and declared an interim dividend of Rs. 1.80 per equity share.

The consolidated financials showed strong performance, with revenue growing by 23% year-on-year (YoY), while Operating EBITDA rose by 32% YoY.

Key Consolidated Financial Highlights for Q1 FY27​

The company maintained a healthy margin profile, despite executing one of the largest investment programs in its history. The key performance indicators are summarized below:

Operational Milestones and Strategic Vision​

Mr. Brij Bhushan Agarwal, Chairman and Managing Director of Shyam Metalics, commented on the results, stating that the performance was driven by disciplined execution and the strength of the integrated business model. He noted that EBITDA margin improved by 100 basis points (bps) due to sustained operational efficiency improvements.

A key strategic highlight during the quarter was the unveiling of the company's Vision 2031 roadmap. This roadmap outlines a clear ambition for Shyam Metalics, aiming to transition from a commodity-focused steel producer into a diversified, value-added metals enterprise with an improved and resilient earnings profile.

Furthermore, the company achieved a major operational milestone by commencing commercial production at its Aluminium Foil Facility in Odisha, which contributes to building a fully integrated downstream aluminium ecosystem. The Aluminium Flat Rolled Products facility is scheduled for commissioning in the second quarter, while all major projects within the growth portfolio are progressing according to plan.

Despite the substantial investment program, Mr. Agarwal highlighted that the company maintained a strong balance sheet with marginal debt levels, reflecting prudent capital allocation and commitment to self-funded growth. He expressed confidence that earnings quality and profitability will materially improve over the coming years as high value businesses such as HR, SBQ, stainless steel, and aluminum ramp up their contribution.

Product Performance Snapshot​

The company’s performance across various product segments showed notable shifts, with Aluminum demonstrating particularly strong realization figures.

Table 1: Per Tonne Realizations (Rs.)


Table 2: Sales Volumes (in Tonnes)

Company Overview​

Shyam Metalics and Energy Ltd is a leading integrated metal-producing company headquartered in Kolkata, West Bengal. The company has significant footprints across steel, specialty alloys, aluminum, and stainless steel in various states including Odisha, Jharkhand, and Madhya Pradesh. It stands as one of the largest producers of ferro alloys by installed capacity in India and is among the leading players in pellet capacity within the industry.

As of the date of this announcement, Shyam Metalics possesses a market capitalization of Rs. 28,529 crores.

SHYAMMETL Stock Price Movement​

Shares of Shyam Metalics and Energy Limited are surging as of 1:40 PM today, trading at ₹1077.05 after jumping up by 5.33%. The stock is currently cresting its year high, demonstrating robust buying interest amid strong intraday action in the market.