Shyam Metalics and Energy Limited has reported strong financial and operational performance for the fourth quarter and full financial year ended March 31, 2026, driven by growth across steel, stainless steel, aluminium, and value-added product segments. The company announced consolidated revenue of ₹5,240 crore during Q4 FY26, registering a year-on-year growth of 27% compared to ₹4,139 crore in the corresponding quarter last year.
EBITDA for the quarter rose 33% year-on-year to ₹756 crore, while Profit After Tax increased 42% to ₹312 crore. Operating EBITDA during the quarter stood at ₹727 crore, reflecting a growth of 41% over the previous year.
For the full financial year FY26, the company reported consolidated revenue of ₹18,552 crore, representing a 22% increase compared to FY25. Annual EBITDA stood at ₹2,537 crore, while Profit After Tax reached ₹1,061 crore. Operating EBITDA for FY26 rose 25% year-on-year to ₹2,333 crore.
The company reported strong operational momentum throughout the year, supported by a 22% increase in overall volumes during Q4 FY26. Growth was led by higher sales across key product categories including CR Coil and CR Sheet products, pig iron, stainless steel, and iron pellets.
Improved product realizations, operating efficiencies, and integrated manufacturing capabilities also contributed to the company’s profitability growth during the period. As part of its long-term expansion strategy, the Board approved an additional capital expenditure plan worth ₹2,700 crore focused on expanding downstream operations, strengthening value-added steel capabilities, and enhancing specialty product manufacturing.
The approved investments are expected to support the company’s long-term growth plans across steel and aluminium businesses while strengthening product diversification and downstream integration. During FY26, Shyam Metalics also achieved progress across multiple expansion projects. The company commenced Phase 2 operations at its Cold Rolling Mill complex in Jamuria while also expanding aluminium operations at Pakuria through the addition of annealing furnaces.
The company further stated that its aluminium manufacturing project in Odisha has reached an advanced stage and is nearing commercial production readiness. Shyam Metalics highlighted that its ongoing expansion plans align with broader industrial growth momentum in West Bengal, where manufacturing-led development, infrastructure creation, and industrial investments are witnessing renewed policy focus. The company said its continued investments, capacity expansion projects, and employment generation initiatives are contributing significantly to the state’s industrial development agenda and the vision of building a stronger manufacturing ecosystem in eastern India.
Commenting on the performance, Brij Bhushan Agarwal, Chairman and Managing Director of Shyam Metalics and Energy Limited, said the company’s strong quarterly and annual performance reflects the strength of its integrated manufacturing model, operational discipline, and execution capabilities.
He added that the newly approved capital expenditure program would further strengthen the company’s downstream and value-added product portfolio while supporting long-term growth across steel and aluminium businesses.
Mr Agarwal also emphasized that the company’s expansion projects are expected to create more than 50,000 direct and indirect livelihood opportunities over time, compared to the current workforce ecosystem of over 25,000 people. Shyam Metalics stated that it remains focused on premiumization, operational efficiency, downstream integration, and strategic expansion initiatives to drive sustainable long-term growth and strengthen its market position across domestic and global metal markets.
Shyam Metalics operates across multiple states including West Bengal, Odisha, Jharkhand, and Madhya Pradesh. With a total installed metal capacity of 16.78 MTPA and captive power capacity of 467 MW, the company continues to expand through integrated and sustainable operations. Listed in 2021, it currently has a market capitalization exceeding ₹24,500 crore.
