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Kolkata: Shyam Metalics and Energy Limited (SMEL) has seen a 41.7% rise in PAT to ₹312 crore as the company has seen a successful ramp up of its aluminium foil and stainless steel capacities. The Kolkata-based integrated metal producer has seen strong bottom line growth, with a 26.6% rise in revenues to ₹5,240 crore, as the company continues to maintain its status as a profitable one, even as it spends almost ₹2,700 crore on its expansion plans.
Along with its Q4 FY26 results, the company’s board has recommended a final dividend of ₹2.70 per equity share for the financial year.
The Growth Engine: Diversification & Efficiency
Shyam Metallics has successfully moved from being a pure play long steel producer to a diversified metal conglomerate on the back of its integrated manufacturing ecosystem and its captive power plants, helping it maintain captive EBITDA margins. It has also forayed into making high-end aluminum foil- used in pharmaceuticals and food packaging, earning it high margins and strong export demand.
“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 ₹ 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.” Mr Brij Bhushan Agarwal, Chairman & Managing Director, Shyam Metallics, said in a press release.
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