Shyam Metalics and Energy Limited (SMEL) announced its financial results for the quarter and nine months ended December 31, 2025 (Q3 FY26). The company reported strong performance with consolidated revenue growing by 17.7% year-on-year to ₹4,421 crore in Q3 FY26, compared to ₹3,756 crore in Q3 FY25. For the nine-month period ended December 31, 2025, revenue increased by 20.9% to ₹13,312 crore from ₹11,011 crore in the same period last year. EBITDA for Q3 FY26 stood at ₹539 crore, a 6.3% increase from ₹507 crore in Q3 FY25. Operating EBITDA also saw a 6.9% rise to ₹487 crore from ₹456 crore year-on-year. Profit After Tax (PAT) for the quarter was ₹198 crore, a marginal increase of 0.1% from ₹197 crore in the prior year. For the nine months, PAT grew by 8.6% to ₹749 crore. Volume growth was robust, with a 25% year-on-year increase in Q3 FY26. The company's Board of Directors has approved a fresh capital expenditure (CAPEX) of ₹6,660 crore. This investment will be directed towards capacity expansion and strengthening the integrated operating model, including deepening backward integration and improving cost competitiveness. Mr. Brij Bhushan Agarwal, Chairman & Managing Director, commented, "Shyam Metalics has delivered another exceptional quarter, with Q3 FY26 delivering a strong 25% volume growth and 18% growth in revenues. Over the nine months, we have achieved significant growth in both topline and EBITDA, reflecting the effectiveness of our strategic initiatives and our sustained focus on operational excellence." He also highlighted the commissioning of a 0.45 MTPA blast furnace at their Kharagpur plant during the quarter, which enhances steelmaking capacity. The company's product-wise per tonne realisations showed mixed trends, with Aluminium up 8.4% and Stainless Steel up 11.3% year-on-year in Q3 FY26, while Carbon Steel and Sponge Iron saw declines.
