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 also announced plans to raise up to Rs 4,500 crore through a mix of equity and debt instruments, and raising up to Rs 3,000 crore via NCDs

Following the earnings announcement, Shyam Metalics’ stock traded 1.42% higher, though it came off intraday highs of 2.18% For the April–June quarter, revenue rose 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 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.