India’s Shyam Metalics and Energy Limited (SMEL) achieved a consolidated net profit of INR 3,450 million ($35.77 million) in the first quarter (April-June) of the fiscal year 2026-27, a rise of 18 percent year on year, according to a company statement on Tuesday, July 21.
The company reported total revenues of INR 54.55 billion ($565.63 million), a rise of 23.3 percent year on year.
SMEL’s product mix includes iron ore pellets, rebar, structural steel, ferroalloys and aluminum foils.
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.