Shyam Metalics reports 22% revenue growth in Q1

Shyam Metalics and Energy Limited reported 22.4% year-over-year revenue growth to INR 4,418.8 crore for Q1 FY26. Operating EBITDA increased 18.8% to INR 579.6 crore, with profit after tax rising 5.3% to INR 290.7 crore.

The company has incurred INR 7,003 crore in capital expenditure to Q1 FY26, representing 70% of total planned investment. Expansion projects include a greenfield cold rolling mill with 250,000 tonnes initial capacity and the acquisition of Mittal Corp for stainless steel products.