{"url":"https://newsforagent.com/news/2026-10-31/shyam-metalics-q2-profit-jump","markdown_url":"https://newsforagent.com/news/2026-10-31/shyam-metalics-q2-profit-jump.md","title":"Shyam Metalics Q2 Net Profit Jumps 88.5% to ₹493.4 Crore","headline":"Shyam Metalics Q2 FY27 Net Profit Rises 88.5% to ₹493.4 Crore as Revenue Climbs 33.4%","description":"Shyam Metalics posted an 88.5% year-on-year rise in Q2 FY27 net profit to ₹493.4 crore, with revenue up 33.4% to ₹5,960 crore and EBITDA up 52.6% to ₹823 crore.","section":"Earnings & Results","published_at":"2026-10-31T08:45:24+00:00","modified_at":"2026-10-31T08:45:24+00:00","author":"News Desk","key_takeaways":["Shyam Metalics reported Q2 FY27 net profit of ₹493.4 crore, up 88.5% from ₹261.8 crore a year earlier.","Revenue for the September-ended quarter rose 33.4% to ₹5,960 crore from ₹4,467 crore.","EBITDA increased 52.6% to ₹823 crore and the net margin improved to 13.8% from 12.1%."],"companies":[{"name":"Shyam Metalics and Energy","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000267e/shyam-metalics-and-energy","website":"https://www.shyammetalics.com"}],"source":{"publisher":"CNBCTV18","title":"Shyam Metalics Q2 results: Company records 88.5% YoY jump in net profit; margins improve - CNBC TV18","url":"https://www.cnbctv18.com/market/shyam-metalics-q2-results-company-records-88-percent-yoy-jump-in-net-profit-margins-improve-20023990.htm"},"other_sources":[],"tags":["Earnings & Results","Shyam Metalics and Energy"],"body_markdown":"[Shyam Metalics and Energy](https://akta.pro/company-profiles/000267e/shyam-metalics-and-energy) reported a net profit of ₹493.4 crore for the September-ended quarter of FY27, an 88.5% rise from ₹261.8 crore a year earlier, [CNBCTV18](https://www.cnbctv18.com/market/shyam-metalics-q2-results-company-records-88-percent-yoy-jump-in-net-profit-margins-improve-20023990.htm) reported on October 31, 2026. Revenue for the quarter rose 33.4% to ₹5,960 crore from ₹4,467 crore.\n\n## Shyam Metalics' Q2 FY27 Earnings Detail\n\nThe Kolkata-based company's EBITDA rose 52.6% to ₹823 crore from ₹539 crore, and its net margin improved to 13.8% from 12.1%, a 170-basis-point increase. Shyam Metalics is an integrated metal producer that operates seven plants making carbon steel, stainless steel, ferro alloys and aluminium foil products for infrastructure, construction, automotive and industrial customers in India and more than 30 export markets.\n\nIn the previous quarter, Q1 FY27, net profit rose 18% year-on-year to ₹345 crore from ₹282 crore, and revenue increased 23% to ₹5,455 crore from ₹4,423 crore. EBITDA for that quarter was ₹765 crore, up 32% from ₹580 crore, and the EBITDA margin improved 90 basis points to 14% from 13.1%.\n\n## Shyam Metalics' Expansion Plans on Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Shyam Metalics announced in June 2026 a $1.1 billion expansion plan to scale capacity from 15 MTPA to about 27 MTPA by FY31, targeting revenue CAGR of 18% to Rs 42,500 crore and EBITDA CAGR of 22% to Rs 6,200 crore. The same records show FY26 consolidated revenue of Rs 18,552 crore.\n\n## Leadership and Coal Block Moves Before the Results\n\nOn October 28, 2026, Shyam Metalics appointed Anindya Mukherjee as Chief – Strategy and Business Excellence, reporting to the CMD, [Hrtoday](https://akta.pro/news-signals) reported. On October 13, 2026, the company invested in a bidder for a coal block in the Mand Raigarh coalfield covering about 7.32 sq km with 170 million tonnes of reserves, The Times of India reported. On September 18, 2026, joint MD Sanjay Agarwal said cost pressures from carbon, energy and logistics were high and sales realisation had dropped, CNBCTV18 reported.\n\n## What Comes Next for Shyam Metalics\n\nShyam Metalics' 24th annual general meeting on August 25, 2026 approved a final dividend of ₹2.70 per share for FY26 and a ₹4,500 crore fundraising mandate through QIPs, private placements or rights issues, ScanX reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}