Press Release

SMEL/SE/2026-27/89 October 31, 2026 The Secretary, Listing Department The Manager – Listing Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited “Exchange Plaza”, 5th Floor, Plot Dalal Street No. C/1, G Block, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Maharashtra, India Maharashtra, India Scrip Code: 543299 Symbol: SHYAMMETL Sub: Press Release Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, we are pleased to inform you that a press release was issued w.r.t the financial results of the Company for the Quarter and Half Year Ended 30th September, 2026. The same is enclosed herewith for your information and dissemination on your website. Thanking you, Yours faithfully, For Shyam Metalics and Energy Ltd. Birendra Kumar Jain Company Secretary Membership No. F13320 OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. O(cid:431)ice: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes SHYAM METALICS & ENERGY LTD (SMEL) Investor Release Shyam Metalics Reports Phenomenal Growth in Revenue, EBITDA & PAT and Substantial Growth in RoE & RoCE in Q2 FY27 Revenue grew by 33.4% YoY, Operating EBITDA grew by 52.6% YoY in Q2 FY27, PAT grew by 96.2% YoY Total Sales Volume increased by 26% YoY to 15.49 Lakh Tonnes Kolkata, West Bengal, 31st October 2026 - Shyam Metalics and Energy Limited (SMEL), a leading multi-metal conglomerate with footprints in carbon steel, stainless steel, specialty alloys and aluminum foil along with captivepowerplantannounceditsFinancialResultsforthequarterandhalfyearended30thSeptember2026. Key Financial Highlights & Updates: Q2 FY27 Revenues EBITDA Operating EBITDA Profit after Tax Cash Accrual RoE* RoCE* Rs. 5,960Cr Rs. 857Cr Rs. 823Cr Rs. 511Cr Rs. 621Cr 14% 20% TheCompanyhasacquireda51%controllingstakeinAlomSolarPrivateLimitedforthePhutamuraCoalBlock in Raigarh, Chhattisgarh.Total capex is Rs. 360 Cr, with the Company contributing approx. Rs. 183.6 Cr (51%). Thisbackwardintegrationsecureslong-termcoalsupplyforcaptivepowergenerationandsteelmanufacturing, withexpectedincrementalEBITDAofapprox.Rs.400CrbyFY31. Key Consolidated Financial Highlights Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue 5,960 4,467 33.4% 5,455 9.3% 11,415 8,890 28.4% EBITDA 857 609 40.9% 812 5.5% 1,670 1,242 34.4% EBITDA Margins (%) 14.4% 13.6% +80 bps 14.9% -50 bps 14.6% 14.0% +60 bps Operating EBITDA 823 539 52.6% 765 7.5% 1,588 1,119 41.9% Operating EBITDA 13.8% 12.1% +170 bps 14.0% -20 bps 13.9% 12.6% +130 bps Margins (%) Profit after Tax 511 261 96.2% 351 45.7% 862 551 56.4% PAT Margins (%) 8.6% 5.8% +280 bps 6.4% +220 bps 7.5% 6.2% +130 bps * Effective this quarter, the Company has shifted from Written Down Value to Straight-Line Depreciation. This aligns with widelyaccepted industry practice to support a stable return profile and better reflect underlying performance. SHYAM METALICS & ENERGY LTD (SMEL) Per Tonne Realizations (Product Wise Details) Per Tonne Realisations Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y (Rs.) Metallics(3) 20,325 19,346 5.1% 22,399 (9.3%) 21,307 19,072 11.7% Carbon Steel (Long)(1) 43,723 41,510 5.3% 45,777 (4.5%) 44,716 43,144 3.6% Carbon Steel (Flat)(2) 85,111 73,091 16.4% 86,815 (2.0%) 85,755 72,582 18.1% Speciality Alloys 1,12,792 95,253 18.4% 1,06,613 5.8% 1,09,851 91,401 20.2% Stainless Steel 1,77,156 131,029 35.2% 1,75,925 0.7% 1,76,617 1,34,360 31.5% Aluminium 4,96,215 388,570 27.7% 4,83,467 2.6% 4,89,742 3,77,082 29.9% Sales Volumes (in Tonnes) Volumes (in Tonnes) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Metallics(3) 9,43,020 6,77,423 39.2% 8,48,575 11.1% 17,91,595 13,68,252 30.9% Carbon Steel (Long)(1) 4,32,553 4,26,063 1.5% 4,04,858 6.8% 8,37,411 8,32,834 0.5% Carbon Steel (Flat)(2) 81,493 38,870 109.7% 49,539 64.5% 1,31,032 71,479 83.3% Speciality Alloys 56,683 54,133 4.7% 51,479 10.1% 1,08,162 1,10,709 (2.3%) Stainless Steel 29,847 24,720 20.7% 23,237 28.4% 53,084 44,533 19.2% Aluminium 5,434 5,274 3.0% 5,606 (3.1%) 11,040 10,714 3.0% Note:1.IncludesSteelBilletsandLongSteelProducts,2.IncludesCRcoil/sheets,CrashbarrierandHRTube/Pipe,3.IncludesIronPellets, SpongeIronandPigIron Revenue Breakup Q2 FY27 H1 FY27 Others 0.9% Others Stainless Steel Stainless Steel 0.9% Speciality Alloys Speciality Alloys 8.9% Aluminium Foil 8.2% Aluminium Foil 10.7% 10.4% 4.5% 4.7% Steel Steel Products Pig Iron 18.3% 31.8% Carbon Steel Products Pig Iron 19.4% 32.8% Carbon Steel 76% 77% 8.0% 7.3% Iron Pellets 5.9% 11.0% Iron Pellets 6.8% 9.5% Sponge Iron CR Coil & Sheet Sponge Iron CR Coil & Sheet Note:(1))PertonnerealizationsofCarbonSteelinclusiveofSteelBilletsandLongSteelProducts,2.pertonnerealisationsincludingrealisationofCRcoil/sheets,CrashbarrierandHRTube/Pipe 2 SHYAM METALICS & ENERGY LTD (SMEL) CommentingontheResults,MrBrijBhushanAgarwal,Chairman&ManagingDirectorsaid “We delivered strong performance in Q2 FY27 led by our disciplined execution and supported by our integrated business model. Revenue from Operations grew 33.4%, EBITDA rose 40.9% with EBITDA margin expanding 80 bps year-on-year to 14.4%.andPATsurgedbymassive96.2%.TheseresultsreflectourprogresstowardsVision2031andstrengthenourability tofundthenextphaseofexpansion,layingthefoundationforsustainedearningsgrowth. Meanwhile,wecontinuetodeepenourdownstreampresenceandintegrationleadingtogrowthinflat-productvolumesand higher sequential stainless steel sales. Also, during the quarter, we added 18,000 TPA of aluminium foil capacity at Sambalpur, taking total capacity to approximately 42,000 TPA. We also commissioned a 1.5 MTPA beneficiation plant at Sambalpur, which will enable us to use lower-grade ore more effectively while improving feedstock quality and input consistency.ReflectingourcommitmenttoESG,thenewlycommissioned8.90-megawattpeak(MWp)solarpowerplantat ourJamuriasteelmilladvancesourtransitiontocleanerenergy.Inanotherrecentdevelopment,ourstrategicinvestmentin thenewlyacquiredPhutamuracoalblockstrengthensbackwardintegrationandlong-termcoalsupplysecurity.Additionally, theMaharashtraMoUoffersanopportunitytoevaluatea9MTPAintegratedsteelcomplexatChandrapur.Wewillpursue theprojectsubjecttofeasibility,landavailabilityandstatutoryapprovals. Our priority is to turn ongoing steel, stainless steel and aluminium investments into stronger earnings. The planned hot- rolled and Special Bar Quality mills, alongside greater aluminium integration, will support our move into higher-value products.Wewillfundtheexistingexpansionprogrammeprimarilythroughinternalaccruals,maintainingprudentleverage and adequate liquidity. As new facilities stabilise, we will focus on stronger cash generation and better returns on capital throughthecycle.Wethankourshareholdersandotherstakeholdersfortheircontinuedconfidenceandsupport.” AboutShyamMetalicsAndEnergyLimited(SMEL) ShyamMetalicsisaleadingandfastest-growingintegratedmetal-producingcompanybasedinIndiaprimarilyinthesteel Industry in West Bengal, Odisha, Jharkhand and Madhya Pradesh with a focus on Long and Flat Steel Products, Ferro Alloys,AluminumandStainlessSteelThecompanygotlisteditselfontheexchangesin2021andasondateofthispress releasepossessesamarketcapitalizationofRs.32,485crores. SpearheadedbyMr.B.Bhushan,ChairmanandManaging Director, the company strives to deliver unparalleled quality through their customized value-added solutions to meet business requirements. Headquartered in Kolkata, West Bengal, the company is amongst the largest producers of ferro alloysintermsofinstalledcapacityinIndia.(Source:CRISILReport) Thecompanyhastheabilitytosellintermediateandfinalproductsa [Showing first 8,000 characters — download PDF for full document]