September 2026 and Q2 FY27 sales release: stainless steel volumes up 35.06%, metallics up 54.89% YoY

Sales release for September 2026 and the quarter ended September 2026 (Q2 FY27), across five product groups.

Tue 6 Oct 2026

Stainless Steel Sept volume

9,778 MT (up 35.06% YoY); realisation Rs. 1,68,803/MT (up 22.99%)

Metallics Sept volume

3,14,238 MT (up 54.89% YoY)

Carbon Steel (Flat) Sept volume

31,742 MT (up 164.38% YoY)

What the release contains

Shyam Metalics and Energy Limited has released its consolidated sales figures for September 2026 and for the quarter ended September 2026 (Q2 FY27). It covers five product groups: Stainless Steel, Aluminium Foil, Speciality Alloys, Carbon Steel (Long), Carbon Steel (Flat) and Metallics. Quantities are in MT (metric tonnes) and Average Realisation is in Rs. per MT.

How to read the two numbers

• Quantity (in MT) is the sales volume for the period.
• Average Realisation (Rs. /MT) is the average price realised per tonne.
• Each table compares September FY27 with September FY26 (year on year, YoY), with August FY27 (month on month, MoM), and Q2 FY27 with Q1 FY27 (quarter on quarter, QoQ).

Stainless Steel

• September FY27 volume 9,778 MT against 7,240 MT, up 35.06% YoY
• September FY27 average realisation Rs. 1,68,803 per MT against Rs. 1,37,247, up 22.99%
• Q2 FY27 volume 29,847 MT against 23,237 MT in Q1 FY27, up 28.45%; realisation Rs. 1,77,156 per MT, up 0.70%
• MoM: volume down 10.45%, realisation down 7.77%

Aluminium Foil

• September FY27 volume 1,664 MT against 2,056 MT, down 19.10% YoY
• September FY27 realisation Rs. 4,96,441 per MT against Rs. 3,93,576, up 26.14%
• Q2 FY27 volume 5,434 MT against 5,606 MT in Q1 FY27, down 3.08%; realisation Rs. 4,96,215 per MT, up 2.64%
• MoM: volume down 13.13%, realisation up 2.26%

Speciality Alloys

• September FY27 volume 20,274 MT against 17,452 MT, up 16.17% YoY
• September FY27 realisation Rs. 1,13,832 per MT against Rs. 1,01,399, up 12.26%
• Q2 FY27 volume 56,683 MT against 51,479 MT in Q1 FY27, up 10.11%; realisation Rs. 1,12,792 per MT, up 5.80%
• MoM: volume up 6.69%, realisation up 1.83%

Carbon Steel (Long)

• September FY27 volume 1,35,963 MT against 1,48,378 MT, down 8.37% YoY
• September FY27 realisation Rs. 46,463 per MT against Rs. 41,136, up 12.95%
• Q2 FY27 volume 4,32,553 MT against 4,04,858 MT in Q1 FY27, down 4.49%; realisation Rs. 43,723 per MT, up 6.84%
• MoM: volume down 4.85%, realisation up 8.87%
• These sales are cumulative sales of steel billet and long steel products

Carbon Steel (Flat)

• September FY27 volume 31,742 MT against 12,006 MT, up 164.38% YoY
• September FY27 realisation Rs. 86,823 per MT against Rs. 73,140, up 18.71%
• Q2 FY27 volume 81,493 MT against 49,539 MT in Q1 FY27, up 64.50%; realisation Rs. 85,111 per MT, down 1.96%
• MoM: volume up 8.48%, realisation up 5.37%
• These sales are cumulative sales of CR coil/sheets, crash barrier and HR tube/pipe

Metallics

• September FY27 volume 3,14,238 MT against 2,02,877 MT, up 54.89% YoY
• September FY27 realisation Rs. 20,975 per MT against Rs. 20,399, up 2.82%
• Q2 FY27 volume 9,43,020 MT against 8,48,575 MT in Q1 FY27, up 11.13%; realisation Rs. 20,325 per MT, down 9.26%
• MoM: volume down 6.19%, realisation up 4.67%
• These sales are cumulative sales of pellet, sponge iron and pig iron

Company background in the release

The release describes SMEL as a multi-metal conglomerate with a presence in carbon steel, stainless steel, speciality alloys and aluminium foil, along with captive power plants. It states the company is among the largest producers of ferro alloys, one of the leading players in pellet capacity, and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. It also states the company has received an upgraded rating of CRISIL AA+ (Stable) for long-term bank facilities and CRISIL A1+ for short-term bank facilities.

Period covered

• Monthly: September 2026 (September FY27)
• Quarterly: Q2 FY27, the quarter ended 30 September 2026

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