Quarterly Result31 Oct 2026, 05:10 pm
Shyam Metalics Q2 FY27 Revenue Up 33.4% YoY to ₹5,960 Cr
AI Summary
Shyam Metalics and Energy Limited (SMEL) announced its financial results for Q2 and HY1 FY 2026-27. For Q2 FY27, the company reported a significant YoY growth with Revenue increasing by 33.4% to ₹5,960 Cr, EBITDA by 40.9% to ₹857 Cr, and Profit After Tax (PAT) by 96.2% to ₹511 Cr. Total sales volume rose by 26% YoY to 15.49 Lakh Tonnes. The company also highlighted a strategic acquisition of a 51% stake in Alom Solar Private Limited for ₹183.6 Cr, aiming for backward integration and securing coal supply, with an expected incremental EBITDA of ₹400 Cr by FY31. A change in depreciation method from Written Down Value to Straight-Line Depreciation was implemented this quarter.
Key Highlights
- Q2 FY27 Revenue surged 33.4% YoY to ₹5,960 Cr.
- PAT grew by an impressive 96.2% YoY to ₹511 Cr in Q2 FY27.
- Acquired 51% stake in Alom Solar for ₹183.6 Cr for backward integration.
- Total sales volume increased by 26% YoY to 15.49 Lakh Tonnes.
- Shifted to Straight-Line Depreciation for stable return profile.
Price Impact
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