Conference Call with Shyam Metalics and Energy Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company Shyam Metalics and Energy announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: In Q4FY26, the company reported revenue of Rs 5,240.36 crore, reflecting a growth of 18.52% QoQ from Rs 4,421.46 crore and an increase of 26.34% YoY from Rs 4,147.85 crore. For FY26, revenue stood at Rs 18,552.21 crore, up 22.39% compared to Rs 15,158.63 crore in FY25. Total Income: Total income for Q4FY26 was Rs 5,269.58 crore, increasing by 17.81% QoQ from Rs 4,473.11 crore and 25.40% YoY from Rs 4,202.09 crore. Annual total income for FY26 reached Rs 18,755.82 crore, a growth of 21.88% YoY from Rs 15,389.26 crore. EBITDA: Earnings before interest, depreciation, and amortization for Q4FY26 stood at Rs 756.10 crore, showing a significant growth of 40.34% QoQ from Rs 538.76 crore and 32.79% YoY from Rs 569.41 crore. For FY26, EBITDA was Rs 2,536.65 crore, a growth of 21.01% YoY. Profit Before Tax (PBT): PBT for the quarter ended March 31, 2026, was Rs 456.30 crore, representing a rise of 69.00% QoQ from Rs 270.04 crore and 53.55% YoY from Rs 297.17 crore. Annual PBT for FY26 was Rs 1,462.37 crore, up 17.82% YoY from Rs 1,241.19 crore. Net Profit (PAT): The company recorded a profit after tax of Rs 311.54 crore in Q4FY26, representing a growth of 57.73% QoQ from Rs 197.51 crore and 41.51% YoY from Rs 220.15 crore. For FY26, Net Profit reached Rs 1,060.17 crore, a 16.59% increase YoY from Rs 909.26 crore. Cash Profit: Cash profit for Q4FY26 stood at Rs 567.60 crore, up 36.72% QoQ from Rs 415.16 crore and 26.87% YoY from Rs 447.38 crore. For FY26, cash profit was Rs 1,952.39 crore, up 20.57% YoY. Standalone Financial Highlights: Revenue from Operations: Standalone revenue for Q4FY26 was Rs 1,808.45 crore, up 2.91% QoQ from Rs 1,757.25 crore and 13.02% YoY from Rs 1,600.09 crore. For FY26, standalone revenue was Rs 6,992.98 crore, up 7.93% YoY from Rs 6,479.36 crore. Net Profit (PAT): Standalone PAT for Q4FY26 stood at Rs 151.16 crore, a growth of 53.55% QoQ from Rs 98.44 crore and 51.87% YoY from Rs 99.53 crore. For FY26, standalone PAT was Rs 552.85 crore, up 12.91% YoY compared to Rs 489.62 crore in FY25. Business Highlights Segment Performance: The group operates primarily in a single reportable business segment, which is "Steel and allied products." This includes pellets, sponge iron, MS billets, TMT, long products, speciality alloys, colour-coated sheets, aluminium foil, and pig iron. Fresh Capex Announcement: The Board has approved new expansion projects involving a total estimated capital expenditure of Rs 2,700 crore. This includes: A Long & Speciality Wire Road and Bar Mill (SBQ Mill) at Kharagpur with a capacity of 8,00,000 TPA and a budget of Rs 900 crore. Expansion of Stainless Steel downstream facilities at Sambalpur with a capacity of 6,00,000 TPA and a budget of Rs 1,800 crore. Both projects have an expected commissioning date of March 31, 2029. Final Dividend: The Board has recommended a final dividend of Rs 2.70 per equity share (27% of the face value of Rs 10 each) for FY26. ED Matter: Subsequent to the year-end, the Directorate of Enforcement issued a provisional attachment order on April 15, 2026, for investments worth Rs 152.48 crore held by a subsidiary, Shyam SEL and Power Limited. The company has refuted all allegations and is taking legal recourse. Result PDF