Shyam Metalics and Energy Limited (SMEL) has announced an
additional capex outlay of Rs 27 billion to strengthen its presence in
value-added and specialty steel segments, expand downstream capabilities and
support long-term growth initiatives. The announcement came alongside the
company’s financial results for the quarter and full year ended 31 March 2026.
The company reported consolidated revenue of Rs 52.40 billion in
Q4 FY26, registering 27 per cent year-on-year growth compared to Rs 41.39
billion in Q4 FY25. EBITDA for the quarter stood at Rs 7.56 billion, up 33 per
cent year-on-year, while Profit After Tax (PAT) rose 42 per cent year-on-year
to Rs 3.12 billion. Operating EBITDA increased 41 per cent year-on-year to Rs 7.27
billion during the quarter.
For FY26, the company reported consolidated revenue of Rs 185.52
billion, reflecting 22 per cent growth over FY25. EBITDA for the year stood at
Rs 25.37 billion, while PAT increased to Rs 10.61 billion. Operating EBITDA for
FY26 stood at Rs 23.33 billion, registering 25 per cent year-on-year growth.
The company witnessed strong operational momentum during the
quarter, with overall volumes growing 22 per cent year-on-year in Q4 FY26.
Significant growth was recorded across key product categories, including CR
Coil/CR Sheet, Pig Iron, Stainless Steel and Iron Pellets, supported by
improved realisations and enhanced operational efficiencies.
During the year, the company made progress across its strategic
expansion projects, including the commencement of Phase 2 operations at its CRM
complex in Jamuria and expansion at its aluminium plant in Pakuria through the
addition of annealing furnaces. Its aluminium manufacturing project in Odisha
is in an advanced stage of readiness for commencement of commercial production.
The company’s investments and expansion initiatives are aligned
with the broader industrial growth momentum in West Bengal, supported by the
state’s increasing focus on manufacturing-led development, infrastructure
creation, ease of doing business and industrial ecosystem strengthening.
Through sustained investments, employment generation and capacity expansion,
Shyam Metalics continues to contribute towards the vision of a stronger
industrial and manufacturing-driven “Sonar Bangla.”
Brij Bhushan Agarwal, Chairman & Managing Director, Shyam
Metalics and Energy Limited, said, “Our performance during Q4 and FY26 reflects
the strength of our integrated business model, disciplined execution, and
continued focus on operational excellence. The consistent growth across
revenues, profitability, and volumes demonstrates our ability to create
sustainable value while navigating evolving market conditions. The newly
approved capex will further strengthen our downstream and value-added product
portfolio, supporting long-term growth across steel and aluminium segments.
“As West Bengal enters a new phase of industrial and economic
progress, we believe the government’s renewed focus on infrastructure,
investment facilitation, and ease of doing business will further strengthen the
state’s manufacturing ecosystem. Through our upcoming expansion projects, we
aim to support over 50,000 direct and indirect livelihoods from the current
25,000+, while contributing meaningfully towards the vision of a stronger and
self-reliant ‘Sonar Bangla’.”
The company remains focused on strengthening its market position
through premiumisation, downstream integration, operational discipline and
strategic capacity expansion, while continuing to drive long-term sustainable
growth.