The metal producer posted a consolidated net profit of ₹319 crore for the quarter ended March, up 45.8% from ₹218.8 crore in the year-ago period.
Revenue from operations rose 26.3% year-on-year to ₹5,240.4 crore from ₹4,148 crore, while EBITDA increased 41% to ₹727 crore from ₹515.3 crore. Operating margin improved to 13.9% from 12.4% a year earlier, reflecting stronger operational efficiency and better product mix.
Alongside the earnings announcement, the company unveiled a fresh capital expenditure plan worth ₹2,700 crore aimed at expanding its speciality steel and stainless steel capacities.
The board approved setting up a long and speciality wire rod and bar mill with furnace capacity of 8,00,000 tonnes per annum at Kharagpur, with an estimated investment of ₹900 crore and expected commissioning by March 2029.
The company also approved expansion of its stainless steel capacity at Sambalpur from 0.50 MTPA to 0.60 MTPA, along with downstream facilities including cold rolling, hot rolling, annealing and pickling lines. The project entails an investment of ₹1,800 crore and is also expected to be commissioned by March 2029.
The board further recommended a final dividend of ₹2.70 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.
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Despite the strong earnings performance, shares of Shyam Metalics slipped after the results announcement, falling to an intraday low of ₹886.40 before recovering partially to trade marginally lower on the NSE.
Shyam Metalics and Energy is an integrated metal-producing company with operations across iron, steel, ferro alloys, aluminium and stainless steel products. The company caters to both domestic and export markets through a diversified product portfolio.
