Shyam Metalics and Energy Limited: Q2 FY27 Result overview

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 SHYAMMETL ----- Important Highlights ------ Strong Revenue Growth: Consolidated revenue from operations for the second quarter ended September 30, 2026, surged to ₹5,960.19 crores, compared to ₹4,467.40 crores in the corresponding quarter of the previous year. Net Profit Surge: Consolidated Profit After Tax (PAT) for Q2 FY27 scaled up significantly to ₹510.99 crores, up from ₹260.45 crores in Q2 FY25-26. Strategic Acquisition: The Board approved acquiring a 51% controlling equity stake in Alom Solar Private Limited to secure mining rights for the Phutamura Coal Block in Raigarh District, Chhattisgarh (~170 million tonnes of estimated reserves). Initial Capex Allocation: Approved an initial capital expenditure budget of approximately ₹360 crores for the development of the Phutamura Coal Block, with Shyam Metalics contributing its 51% share (₹183.60 crores). Leadership Appointment: Given in-principle approval for the induction of Mr. Debashis Prasad Pattanaik as a nominee director representing LIC. Depreciation Method Shift: Transitioned the method of depreciation on property, plant, and equipment from the Written Down Value (WDV) method to the Straight-Line Method (SLM) effective July 1, 2026, reducing the quarter's consolidated depreciation charge by ₹171.77 crores. Auditor Review: Statutory auditors MSKA & Associates LLP issued an unmodified review conclusion on both standalone and consolidated financial results. Disclosure /Disclaimer Link: *****