Shyam Metalics and Energy Limited delivered exceptional Q2 FY27 results with consolidated net profit surging 42.9% sequentially to ₹493 crore, compared to ₹345 crore in Q1 FY27. According to latest reports, the Kolkata-based company also recorded revenue growth of 9.3% sequentially to ₹5,960 crore, up from ₹5,455 crore in the June quarter. The strong performance demonstrates the company's robust operational efficiency and market positioning during the September-bound quarter.
The company's profitability metrics showed significant improvement across key parameters. EBITDA surged 7.6% sequentially to ₹823 crore in Q2 FY27, compared to ₹765 crore in the previous quarter, as reported by CNBC TV18. EBITDA margin expanded to 13.8%, representing a substantial improvement from the previous quarter's 13.6%. Basic earnings per share (EPS) for the quarter rose to ₹18.36, compared to ₹14.36 in Q1 FY27, indicating enhanced shareholder value creation during the quarter.
According to CNBC TV18, the company's sequential performance also showed positive momentum. In Q1 FY27, net profit increased 18% year-on-year to ₹345 crore from ₹282 crore previously. Revenue grew 23% to ₹5,455 crore compared to ₹4,423 crore in the same quarter last year. EBITDA for Q1 FY27 was ₹765 crore, reflecting a 32% increase from ₹580 crore reported in the corresponding quarter last year, with EBITDA margin improving by 90 basis points to 14% from 13.1%. Total expenses for Q2 FY27 were ₹5,137.17 crore, up from ₹3,927.97 crore in the same period last fiscal year.
The board granted in-principle approval to acquire a 51% controlling equity stake in Alom Solar Private Limited, which is engaged in the mining and energy sector. Alom Solar holds rights to the Phutamura Coal Block in Raigarh District, Chhattisgarh, which has estimated reserves of approximately 170 million tonnes and covers 7.324 square kilometres. The company approved an initial capital expenditure budget of approximately ₹360 crore for the development and operationalisation of the Phutamura Coal Block. Shyam Metalics will contribute 51% or ₹183.60 crore towards this budget, with the remaining 49% to be funded by a joint venture partner. Additionally, Debashis Prasad Pattanaik received in-principle approval for induction as a nominee director, representing LIC, subject to obtaining necessary regulatory approvals.
