Shyam Metalics & Energy reported a consolidated net profit of ₹351 crore for the quarter ended June 30, 2026, an increase of 21% from ₹291 crore in the corresponding period of the previous year. Revenue from operations rose 23% year-on-year to ₹5,455 crore, driven by growth in steel and allied products. The board approved raising funds up to ₹4,500 crore and declared an interim dividend of ₹1.80 per share.

Q1 Financial Performance

The company's operational efficiency improved, with EBITDA rising 28% to ₹812 crore from ₹633 crore in the same quarter last year. The EBITDA margin expanded to 14.9% from 14.3%. Operating EBITDA grew 32% to ₹765 crore, with margins improving to 14.0%. The statutory auditors, M/s. MSKA & Associates LLP, issued an unmodified conclusion on the limited review of the unaudited consolidated financial results.

Operational Highlights

Revenue growth was supported by a 23% year-on-year increase in realizations and volume expansion across key segments. Pig Iron volumes surged 137.5% to 2,89,201 tonnes, while Iron Pellets volumes grew 25.3% to 3,91,074 tonnes. Aluminium realizations increased 32.1% to ₹4,83,467 per tonne. The company commenced commercial production at its Aluminium Foil Facility in Odisha during the quarter.

Board Approves Fund Raise and Dividend

The board approved raising funds up to ₹4,500 crore through equity shares, eligible securities, or other equity-linked instruments, including convertible or non-convertible preference shares and debentures. The issuance may be executed via private placement, Qualified Institutions Placement (QIP), further public offering (FPO), or preferential issue. This resolution is subject to shareholder approval at the 24th Annual General Meeting scheduled for August 25, 2026.

Additionally, the board declared a first interim dividend of ₹1.80 per equity share, or 18% of the face value of ₹10 each. The record date for determining eligibility is July 24, 2026, with payment to be made within 30 days of declaration.

Shyam Metalics & Energy has commenced commercial production at its Aluminium Foil facility in Sambalpur, Odisha, effective July 16, 2026. The new unit, operated by step-down subsidiary SMEL Steel Structural Pvt. Ltd., has an installed capacity of 18,000 tonnes per annum (TPA) and manufactures premium-grade foils with a thickness range of 6 to 40 microns. This milestone is part of a broader strategy to diversify into value-added downstream aluminium products, with the company investing approximately ₹800 crore in aggregate for these facilities. The expansion is expected to enhance operating margins by 40% to 50% and drive robust revenue growth, expanding the segment's topline by 2.0x to 2.5x.

Sambalpur Downstream Facility Capacity Profiles

The Aluminium Foil facility is now under active commercial production. Additionally, the company's Aluminium Flat Rolled Products (FRP) facility is in its final readiness phase at the same site and is scheduled for commercial launch by the end of September 2026. The following table outlines the capacity profiles of both downstream aluminium facilities:

Strategic Outlook

The expansion addresses domestic demand for high-quality packaging and industrial foils, reducing import dependence. Mr. Brij Bhushan Agarwal, Chairman and Managing Director of Shyam Metalics and Energy Ltd., stated that the commencement of commercial foil production marks a pivotal operational milestone in building a world-class downstream aluminium ecosystem. The company is positioned to serve high-growth economic segments and foster socio-economic growth in Odisha.