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

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

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

The company witnessed strong operational momentum during the quarter, with overall volumes growing by 22 percent 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 INR 2,700 crore aimed at strengthening the company’s 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 aluminum plant in Pakuria through the addition of annealing furnaces. Further, the aluminum manufacturing project in Odisha is in an advanced stage of readiness for commencement of commercial production.

The company’s continued investments and expansion initiatives are also aligned with the broader industrial growth momentum being witnessed across West Bengal, supported by the state’s 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, Brij Bhushan Agarwal, Chairman & Managing Director, Shyam Metalics and Energy Ltd, 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 aluminum segments.”

As West Bengal enters a new phase of industrial and economic progress, Agarwal continued, “We believe the Government’s renewed focus on infrastructure, investment facilitation, and ease of doing business will further strengthen the state’s 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.

For more information: www.shyammetalics.com