Submission of Press & Media Release-Siyaram Recycling Industries Limited announces FY26 earnings; H1 FY27 expected pre-disruption levels amid operational momentum
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Siyaram Recycling Industries Limited reported FY26 revenue of ₹361.7 crores with EBITDA of ₹17.0 crores (4.9% margin) and PAT of ₹3.8 crores (1.0% margin). The year was impacted by external disruptions including raw material price volatility, global freight disruptions, labor shortages, and working capital pressures — particularly affecting a business heavily dependent on imported scrap and global logistics. Management reported visible operational improvement entering FY27 across supply chain, freight, labor availability, and customer activity levels. The company is continuing its strategic shift toward higher value-added brass components. Management expects H1 FY27 performance to show significant recovery and exceed pre-disruption levels seen in the comparable period prior to FY26, supported by normalizing logistics, improving working capital, steady demand, and better capacity utilization.
FY26 results reflect weak profitability margins due to industry-wide disruptions, but the positive FY27 outlook and visible operational recovery signal potential for meaningful improvement. The stock may see a cautious positive reaction given the recovery trajectory, though investors may remain watchful given thin 1% PAT margin and reliance on external supply chain factors.