Shyam Metalics reported strong Q3 FY26. Revenue grew 17.7% YoY to ₹4,421.5 Cr, with volumes up 25%. Profit after Tax (PAT) was ₹197.5 Cr.

For 9M FY26, revenue jumped 20.9% to ₹13,311.9 Cr, and PAT rose 8.6% to ₹748.6 Cr.

The company is a leading integrated steel producer, cash-positive, and profitable since 2005. A key strategy involves expanding into high-value, diversified products.

Shyam Metalics committed ₹6,660 Cr in fresh capital expenditure for growth in railway wagons, hot rolling mills, and expanded capacities.

Its long-term credit rating was upgraded to CRISIL AA+ (Stable). Recent highlights include commissioning Phase 1 of a cold rolling mill, expanding stainless steel operations, and ongoing aluminium division projects.

Management highlights a robust balance sheet and disciplined capital allocation, enabling growth without additional debt.

Upcoming projects are expected to enhance both value and margins.