Shyam Metalics and Energy Limited

Shyam Metalics and Energy Limited reported a significant increase in sales volumes across several product categories for the month ended July 31, 2026. The company saw a 12.92% rise in overall sales volumes and a 36.13% increase in average realizations year-on-year. Specifically, carbon steel sales increased by 10.87% with a 1.13% rise in realizations, while aluminium foil sales rose 8.24% with a 36.33% increase in average realizations. Pellet sales surged 87.61% year-on-year, and pig iron sales increased 65.07% with a 21.47% rise in realizations. The company also noted a 53.10% increase in sales volumes for its colour-coated steel products, following the stabilization of Phase II of its Jamuria facility.

Shyam Metalics and Energy Limited has received a “reasonable” assurance opinion from BDO India Services Private Limited regarding its Business Responsibility and Sustainability Report (BRSR) for the financial year April 1, 2025, to March 31, 2026. The independent assurance, conducted according to ISAE 3000 (Revised) and ISAE 3410 standards, concluded that the non-financial sustainability disclosures, or BRSR Core Indicators, are “fairly reliable” and presented “in all material respects.” While BDO identified minor inconsistencies in data collation and compilation, which have since been corrected, the firm recommended Shyam Metalics further strengthen its data management processes to enhance auditability and accuracy, as required by the Securities and Exchange Board of India (SEBI).

Shyam Metalics & Energy announced the successful commissioning of its new 1.5 MTPA (Million Tonnes Per Annum) Beneficiation Plant in Sambalpur (Odisha). Representing a capital investment of Rs 150 Crore, the newly operational facility will upgrade low-grade ore into high-quality feedstock, driving raw material optimization and significantly enhancing profitability.

Shyam Metalics & Energy has fixed 07 August 2026 as record date for final dividend for FY 2025-26.

Revenue from operations jumped 23.33% YoY to Rs 5,455.09 crore for the quarter ended 30 June 2026. Profit before tax (PBT) stood at Rs 469.21 crore in Q1 FY27, registering a growth of 20.64% from Rs 388.94 crore reported in the corresponding quarter previous year. EBITDA increased 28.3% to Rs 812 crore, while operating EBITDA rose 32% to Rs 765 crore. Operating EBITDA margin improved to 14% from 13.1% a year ago, while reported EBITDA margin expanded to 14.9% from 14.3%. Total expenses increased 22.02% YoY to Rs 4,689.80 crore in Q1 FY27. The cost of materials consumed stood at Rs 4,214.49 crore, up 28.09% YoY, while employee benefit expenses rose 10.26% YoY to Rs 135.62 crore. Brij Bhushan Agarwal, chairman & managing director, said, 'We commenced Q1 FY27 on a strong footing, driven by disciplined execution, operational excellence, and the strength of our integrated business model. During the quarter, revenue, EBITDA and PAT grew by 23%, 28% and 21% year-on-year, respectively. The EBITDA margin improved by 100 bps supported by sustained operational efficiency improvements. A defining milestone during the quarter was the unveiling of our Vision 2031 roadmap, which outlines our ambition to transform Shyam Metalics from a commodity-focused steel producer into a diversified, value-added metals enterprise with a stronger and more resilient earnings profile. We also achieved a significant operational milestone with the commencement of commercial production at our aluminum foil facility in Odisha, marking an important step in building a fully integrated downstream aluminium ecosystem. The aluminum flat-rolled products facility remains on track for commissioning in the second quarter, while all major projects across our growth portfolio are progressing as planned and continue to advance within their targeted timelines. Importantly, despite executing one of the largest investment programs in our history, we have maintained a strong balance sheet with marginal debt levels, reflecting prudent capital allocation, healthy internal cash generation, and our long-standing commitment to self-funded growth. As our new capacities ramp up and high-value businesses such as HR, SBQ, stainless steel, aluminium and other downstream segments contribute meaningfully, we expect a significant strengthening of earnings quality, profitability, and capital efficiency over the coming years. We remain confident of achieving our long-term objective of delivering superior returns, with ROE and ROCE expected to improve materially as the Vision 2031 strategy unfolds. Looking ahead, supported by our strong financial position, diversified portfolio, and a well-defined growth pipeline, we are well positioned to capitalise on emerging opportunities and create sustainable long-term value for all stakeholders.' Meanwhile, the board recommended a first interim dividend of Rs 1.80 per equity share for FY27. The record date has been fixed as 24 July 2026, and the dividend will be paid within 30 days of its declaration. The board approved raising up to Rs 4,500 crore through the issuance of equity-linked instruments, including equity shares, preference shares and convertible debentures, in one or more tranches. The fundraising may be undertaken through a qualified institutions placement (QIP), follow-on public offer (FPO), or other permissible modes. The company's 24th annual general meeting (AGM) is scheduled to be held on 25 August 2026. Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferroalloys. The company is among the largest producers of ferroalloys, one of the leading players in terms of pellet capacity, and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India.Powered by Capital Market - Live

Shyam Metalics & Energy announced that the 24th Annual General Meeting(AGM) of the company will be held on 25 August 2026.

Shyam Metalics & Energy announced that the Board of Directors of the Company at its meeting held on 20 July 2026, inter alia, have recommended the first interim dividend of Rs 1.8 per equity Share (i.e. 18%) , subject to the approval of the shareholders.

Net profit of Shyam Metalics & Energy rose 18.11% to Rs 345.07 crore in the quarter ended June 2026 as against Rs 292.15 crore during the previous quarter ended June 2025. Sales rose 23.45% to Rs 5455.09 crore in the quarter ended June 2026 as against Rs 4418.84 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales5455.094418.84 23 OPM %14.0313.12 - PBDT734.10593.48 24 PBT469.23388.94 21 NP345.07292.15 18 Powered by Capital Market - Live

Shyam Metalics & Energy will hold a meeting of the Board of Directors of the Company on 20 July 2026.

Shyam Metalics & Energy has allotted 17,891 equity shares under ESOP on 25 June 2026.