The Indian company Shyam Metallics and Energy Limited (SMEL) achieved a consolidated net profit of INR 3,450 million (US$35.77 million) in the first quarter (April-June) of fiscal year 2026-27, up 18 percent from last year, according to a company statement on Tuesday, 21 July.
The company reported total revenue in Indian rupees. 54.55 billion (565.63 million dollars), which is 23.3 percent more than last year.
SMEL's product range includes iron ore pellets, rebar, structural steel, ferroalloys, and aluminum foil.
Ajoy DasEditorI graduated from the University of Calcutta with a degree in Economics and have three decades of experience working in leading print publications covering key manufacturing industries such as metallurgy and steel, energy (fossil and renewable), chemical and petrochemical, and mining (coal, bauxite, iron ore, and copper). I work as a SteelOrbis correspondent covering the Indian steel industry, covering pricing and trading trends across the value chain, capacity creation and utilization, corporate developments, public policy fundamentals, and industry news.
