Shyam Metalics Q2 PAT jumps 96% YoY to Rs 511 cr

Revenue from operations increased 33.41% YoY to Rs 5,960.19 crore in the quarter ended 30 September 2026.

Profit before tax (PBT) rose 89.67% YoY to Rs 658.37 crore in Q2 FY27, compared with Rs 347.09 crore in the corresponding quarter previous year.

EBITDA increased 40.85% YoY to Rs 857.17 crore from Rs 608.56 crore in Q2 FY26. EBITDA margin improved to 14.38% from 13.63%.

Total expenses increased 30.79% YoY to Rs 5,137.17 crore. The cost of materials consumed rose 33.75% YoY to Rs 4,400.56 crore, while employee benefit expenses increased 17.52% YoY to Rs 145.86 crore.

Meanwhile, the company proposed the induction of Debashis Prasad Pattanaik as a nominee director representing LIC, subject to obtaining the necessary Director Identification Number and other regulatory approvals. Pattanaik is currently serving as CEO and executive director (FGN) at LIC (International) B.S.C. (c), Bahrain. He has experience in corporate governance, compliance, risk management and international operations.

The company also proposed acquiring a controlling 51% stake in Alom Solar Private, which holds mining rights for the Phutamura Coal Block in Raigarh district, Chhattisgarh. The coal block covers approximately 7.324 sq. km. and has estimated reserves of approximately 170 million tonnes. The acquisition will be for a cash consideration of Rs 51,000, through the acquisition of 5,100 equity shares of Rs 10 each. The transaction is expected to be completed on or before 30 November 2026, subject to applicable statutory approvals. Upon completion, Alom Solar will become a subsidiary of Shyam Metalics. The proposed acquisition is aimed at strategic backward integration to secure long-term coal supply for captive power generation and the company's steel manufacturing operations.

Shyam Metalics and Energy is a leading integrated metal-producing company based in India with a focus on long steel products and ferroalloys. The company is among the largest producers of ferroalloys, one of the leading players in terms of pellet capacity, and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India.

Shares of Shyam Metalics and Energy added 2.18% to settle at Rs 1,163.80 on Friday, 30 October 2026.

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