| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | 5.2K | 18.5% |
| Total Income | 5.3K | 17.8% |
| Expenditure | 4.8K | 14.5% |
| PBT | 456.28 | 69.0% |
| Net Profit | 311.54 | 57.7% |
| OPM | 13.87% | 2.85pp |
| NPM | 5.91% | 1.49pp |
| EPS | 11.20 | 57.8% |
Shyam Metalics: Q4 FY26 Revenue Up 27% YoY, PAT Up 42%
11 May 2026 · 11 May, 5:52 pm
Summary
Shyam Metalics and Energy Limited reported stellar financial results for Q4 and the full year ended 31st March 2026. Q4 FY26 revenue reached ₹5,240 crore, up 27% year-on-year, contributing to a full-year revenue of ₹18,552 crore, a 22% increase from the previous fiscal year. Profit after Tax (PAT) for Q4 FY26 rose sharply by 42% to ₹312 crore, with full-year PAT increasing by 17% to ₹1,061 crore. Management attributed the strong performance to disciplined execution, operational excellence, and sustained momentum across businesses, reinforcing commitment to long-term growth with an approved strategic capex of ₹2,700 crore.
Key Highlights
- 1
Shyam Metalics and Energy Limited (SMEL) achieved a Q4 FY26 revenue of ₹5,240 crore, demonstrating a robust 27% increase year-on-year.
- 2
For the full financial year FY26, the company's total revenue stood at ₹18,552 crore, marking a strong 22% growth compared to FY25.
- 3
Profit after Tax (PAT) for Q4 FY26 surged by 42% year-on-year to ₹312 crore, while the full year PAT for FY26 increased by 17% to ₹1,061 crore.
- 4
EBITDA for Q4 FY26 grew by 33% year-on-year to ₹756 crore, and for the full year FY26, it increased by 21% to ₹2,537 crore.
- 5
The Board approved a significant strategic capital expenditure of ₹2,700 crore for the next phase of growth, focusing on value-added and specialty steel segments.
- 6
Q4 FY26 witnessed a substantial overall volume growth of 22% year-on-year, contributing significantly to the company's strong financial performance.
Management Comments
Brij Bhushan Agarwal
We delivered a robust performance this quarter, with volumes growing 22% year-on-year, revenue increasing 27% year-on-year, and profitability rising 42% year-on-year. This strong performance was driven by disciplined execution, operational excellence, and sustained momentum across our businesses. Reaffirming our commitment to long-term growth, the Board has approved an additional capex of Rs. 2,700 crore. This strategic investment will deepen the Company’s presence in value-added and specialty steel segments, strengthen stainless steel downstream capabilities, and support a calibrated shift toward a richer product mix with enhanced margin potential. The expansion is aligned with our strategy of delivering profitable growth through premiumization, downstream integration, and capital-efficient expansion. We have also made significant progress across key strategic projects, including the commencement of Phase 2 operations at our CRM complex in Jamuria and the expansion of our aluminium plant at Pakhuria through the addition of annealing furnaces. Further, our aluminium plant project in Odisha is at an advanced stage of readiness and is well positioned for the commencement of commercial production. We welcome the change in government in the state of West Bengal and expect a stronger growth trajectory for both the state and the company going forward. Looking ahead, our focus on innovation, operational discipline, and financial prudence will continue to guide us as we build on our growth momentum, strengthen our market leadership, and create sustainable long-term value.
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