Chaman Metallics FY26: Expansion-led scale-up, margins lift, and the cost of growth

Revenue from operations for FY 2025-26 was ₹541.2653 crore (₹54,126.53 lakhs) as per the income statement in the presentation.

EBITDA for FY 2025-26 was ₹39.9614 crore (₹3,996.14 lakhs) as reported in the income statement.

The presentation attributes the net loss to higher depreciation and borrowing (finance) costs arising from the recent capacity expansion capex. FY26 depreciation was ₹14.3207 crore and finance cost was ₹29.4628 crore.

The presentation states a 30 megawatt captive power plant fully commissioned in FY26, with effective power cost of ₹4.06 per unit versus ₹8.44 per unit grid power, and approximate savings of ₹52 crore for FY26.

The presentation states the company expanded from a 200 tonnes per day sponge iron facility to an integrated platform with 550 tonnes per day sponge iron, 400 tonnes per day billets, 65 tonnes per day silico manganese, and a 30 megawatt captive power plant.

Cash flow from operations in FY26 was ₹46.3594 crore (₹4,635.94 lakhs) compared with negative ₹51.8620 crore (₹5,186.20 lakhs) in FY25, as per the cash flow statement.