Shyam Metalics Q2 FY27 PAT Surges 96.2% to ₹511 Cr on Strong Revenue Growth
Shyam Metalics reported Q2 FY27 results with revenue up 33.4% to ₹5,960 Cr and PAT surging 96.2% to ₹511 Cr. The company acquired a 51% stake in Alom Solar for ₹183.6 Cr, expecting ₹400 Cr EBITDA by FY31. New capacities in aluminium foil and solar power were commissioned.
The significant increase in financial metrics, strategic acquisition for backward integration, and capacity expansions are material events that will likely have a substantial impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with strategic investments and capacity expansions, indicating positive business performance and future outlook.
Shyam Metalics and Energy Limited (SMEL) announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a significant year-on-year increase in its financial performance.
For the second quarter of FY27, revenue grew by 33.4% year-on-year to ₹5,960 crore. Operating EBITDA saw a substantial rise of 52.6% year-on-year, reaching ₹823 crore, with EBITDA margins improving to 14.4%. Profit After Tax (PAT) surged by 96.2% year-on-year to ₹511 crore, and PAT margins improved to 8.6%.
Total sales volume increased by 26% year-on-year to 15.49 lakh tonnes. The company also highlighted a strategic investment, acquiring a 51% controlling stake in Alom Solar Private Limited for the Phutamura Coal Block in Raigarh, Chhattisgarh, with a total capex of ₹360 crore, of which SMEL contributed approximately ₹183.6 crore. This backward integration is expected to provide incremental EBITDA of approximately ₹400 crore by FY31.
During the quarter, SMEL added 18,000 tonnes per annum (TPA) of aluminium foil capacity at Sambalpur, increasing the total capacity to approximately 42,000 TPA. A 1.5 MTPA beneficiation plant was commissioned at Sambalpur, and an 8.90-megawatt peak (MWp) solar power plant was commissioned at its Jamuria steel mill.
Chairman & Managing Director, Mr. Brij Bhushan Agarwal, commented that the results reflect progress towards Vision 2031 and strengthen the company's ability to fund the next phase of expansion. He also mentioned the ongoing investments in steel, stainless steel, and aluminium, planned hot-rolled and Special Bar Quality mills, and greater aluminium integration to support a move into higher-value products. The expansion program will be funded primarily through internal accruals.
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