Shyam Metalics Q1 Results: Profit Jumps 33.6% QoQ; Board Approves Rs 7,500 Crore Fundraising Plan
Shyam Metalics and Energy Ltd. reported a strong set of numbers for the first quarter of FY26, with consolidated net profit rising 33.6% quarter-on-quarter to Rs 292 crore, driven by improved margins and steady revenue growth.
The company’s revenue rose 6.8% to Rs 4,419 crore from Rs 4,139 crore in the previous quarter, while Ebitda grew 12.5% to Rs 580 crore.
The board also approved raising up to ₹3,000 crore via non-convertible debentures (NCDs), and an additional ₹1,500 crore through equity-linked instruments such as convertible debentures, preference shares, warrants, or qualified institutional placements.
Shyam Metalics, headquartered in Kolkata, is a leading integrated metal producer with operations spanning across steel, ferro alloys, and aluminum foil. The company has manufacturing facilities in West Bengal and Odisha, and its product portfolio includes long steel products, pellets, sponge iron, and wire rods.
It caters to both domestic and export markets, with a focus on infrastructure, construction, and automotive sectors. The company’s financial performance was driven by improved margins and steady revenue growth, which led to a 33.6% quarter-on-quarter jump in consolidated net profit to Rs 292 crore.
The company’s stock traded 1.42% higher, though it came off intraday highs of 2.18% following the earnings announcement.
Key Takeaways from Shyam Metalics Q1 Results
• Consolidated net profit rose 33.6% quarter-on-quarter to Rs 292 crore.
• Revenue grew 6.8% to Rs 4,419 crore from Rs 4,139 crore in the previous quarter.
• Ebitda grew 12.5% to Rs 580 crore, while margins improved to 13.1% from 12.4%.
• The board approved raising up to ₹3,000 crore via NCDs, and an additional ₹1,500 crore through equity-linked instruments.
Why Shyam Metalics Q1 Results Matter
Shyam Metalics Q1 results are crucial for investors and traders as they provide insight into the company’s financial performance and future prospects. The results will help investors assess the company’s ability to navigate the challenges in the Indian metal industry and its potential to deliver strong returns in the future.
The company’s decision to raise funds through a mix of equity and debt instruments will also be closely watched by investors, as it may impact the company’s financial leverage and future growth prospects.
In conclusion, Shyam Metalics Q1 results are a significant event in the Indian stock market, and investors and traders will closely follow the company’s financial performance and future prospects.