Shyam Metalics reports 22% revenue growth in Q1

Shyam Metalics and Energy Limited achieved 22% year-on-year revenue growth in Q1 FY26, with operating EBITDA rising 19% and volume growth of 32%.

The pig iron plant operated at 104% utilization while the color-coated unit reached nearly 70%. PAT increased 5.3% to INR 291 crores.

The company spent INR 7,003 crores on capital expenditure, representing 70% of total planned CAPEX. Most carbon steel projects are expected operational by FY26, with stainless steel and aluminum commissioning in FY27.