Shyam Metalics and Energy (SHYAMMETL) Q1 25/26 earnings summary

Executive summary

• Achieved 22.4% year-on-year revenue growth and 31.9% volume growth in Q1 FY26, driven by operational efficiency, new capacity ramp-ups, and product diversification into stainless steel and aluminium.

• Maintained profitability with PAT positive since 2005 and cash positive in FY25 at ₹1,062 crores.

• Consolidated offices into a new, sustainable corporate headquarters in Kolkata.

• Board approved unaudited standalone and consolidated financial results for Q1 ended June 30, 2025, with a limited review by statutory auditors.

• Declared 1st interim dividend of ₹1.80 per equity share for FY 2025-26.

Financial highlights

• Q1 FY26 consolidated revenue: ₹4,418.84 crore, up 22.4% year-on-year; operating EBITDA: ₹579.6 crore, up 18.8% year-on-year; PAT: ₹290.67 crore, up 5.3% year-on-year.

• Operating EBITDA margin at 13.12%; PAT margin at 6.6%; gross profit margin at 27.8%.

• EPS for Q1 FY26 at ₹10.5.

• Interim dividend of ₹1.80 per share declared, totaling ₹52.24 crores.

• Consolidated cash profit for Q1 FY26: ₹496.69 crore, up from ₹412.00 crore in Q1 FY25.

Outlook and guidance

• Targeting ~2x revenue and ~2.5x EBITDA growth by FY30, assuming 15-17% CAGR for revenue and 18-20% for EBITDA.

• Most carbon steel CapEx to become operational by FY 2026; stainless steel and aluminum projects on track for FY 2027 commissioning.

• Margins expected to remain in the 11%-13% EBITDA range for FY 2026.

• Monsoon quarter (Q2) expected to see some pricing pressure, but cost reduction focus to mitigate impact.

• No exceptional or discontinued operations reported for the quarter.