SHYAMMETL: Shyam Metalics And Energy Limited has informed the Exchange about General Updates regarding Appointment of Internal & Cost Auditor for FY 2026-27
SHYAMMETL · price
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Shyam Metalics reported strong FY 2025-26 results with revenue from operations growing 22.4% to ₹18,552 crore from ₹15,159 crore. Profit after tax for owners increased 17.9% to ₹1,070 crore from ₹908 crore. EBITDA stood at ₹2,537 crore. The Board recommended a final dividend of ₹2.70 per share (27% of face value). The company announced a major capex plan of ₹2,700 crore for new wire and bar mill at Kharagpur and stainless steel expansion at Sambalpur, both expected by March 2029. Ernst & Young LLP was appointed as Internal Auditors and BSS & Associates as Cost Auditors for FY 2026-27. The auditors issued an unmodified opinion, though an Emphasis of Matter note was added regarding a provisional attachment order by Enforcement Directorate on a subsidiary's investments of ₹152.48 crore under PMLA investigation.
Revenue growth of 22.4% exceeds the 20% threshold signal, though PAT growth of 17.9% falls short of 25% growth target. The ₹2,700 crore capex announcement signals significant expansion but may increase leverage. The PMLA-related provisional attachment on a subsidiary is a contingent liability risk investors should monitor.