Shyam Metalics and Energy Limited (SMEL), one of India’s leading multi-metal producers, has released its consolidated sales performance for June 2025 and Q1 FY26. The report highlights significant growth across various product categories, indicating the company’s expanding footprint and strategic production enhancements.
Strong Quarterly Growth in CR Sheets
SMEL’s CR Coil/CR Sheet segment posted impressive results. Sales volumes surged 93% quarter-on-quarter (QoQ), reaching 31,604 MT, while realizations increased 6% QoQ. The company attributed this growth to the successful ramp-up of its Jamuria color-coated plant, commissioned in November 2024. Monthly volumes in June also rose 37% over May, signaling sustained demand.
HR Tubes/Pipes: Expanding Product Range
The HR Tube/Pipe segment saw a 152% QoQ increase in volumes, reaching 1,005 MT. This growth was fueled by the efficient use of side-slitted HR coils from the color-coated plant to manufacture RHS and SHS pipes. Realizations also improved by 7% QoQ, reflecting enhanced operational efficiencies.
Aluminium Foil: Realizations Outpace Volume Dip
While Q1 sales volumes for aluminium foil dipped marginally by 3% QoQ, average realization improved 4%. On a year-on-year (YoY) basis, volumes increased 52%, and realizations rose 9%, showing strong market acceptance despite short-term fluctuations.
Speciality Alloys: Stable Demand Dynamics
SMEL’s speciality alloys segment reported an 8% QoQ volume increase, reaching 56,576 MT. However, realizations saw a 4% decline. YoY figures were encouraging, with a 10% volume rise, though realizations dropped 10%, indicating a competitive pricing environment.
Stainless Steel Sees Price Upside Despite Volume Dip
Stainless steel sales volumes fell 18% QoQ to 19,813 MT, but realizations improved by 8%. The price uptick is a positive indicator, possibly driven by value-added grades or improved product mix.
Pellet Sales Surge QoQ
Pellet sales volumes surged 57% QoQ to 312,151 MT, while realizations dipped slightly by 2%. However, MoM performance showed a 36% decline, likely due to temporary market adjustments.
Pig Iron and Carbon Steel: Production Scaling Pays Off
Pig Iron sales volumes jumped 81% QoQ, driven by the new blast furnace and sinter plant commissioned in Jamuria. Carbon Steel reported 406,771 MT in Q1 sales, down 9% QoQ in volumes but up 2% in realizations.
Shyam Metalics continues to demonstrate operational excellence and production scalability across its diverse product portfolio. With strategic capacity additions and value-focused offerings, the company is well-positioned for sustained growth in the coming quarters.
