Gallantt Ispat Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Gallantt Ispat reported Q1 FY27 revenue of Rs 1,146 crore, up 2% year-on-year but down from Rs 1,205 crore in Q4 FY26, with EBITDA margin of 18% and PAT margin of 11%, both broadly in line with the prior quarter but below year-ago levels. Management attributed the year-on-year decline to seasonal weakness in TMT prices, higher coal and iron ore costs, and a planned annual maintenance shutdown of the pellet plant that required open-market iron ore procurement. The company reiterated that its capacity expansion to 1.23 million tonnes remains on track for commissioning in the second half of FY27, funded entirely through internal accruals with no term loans outstanding.
Gallantt Ispat reported full year FY26 consolidated revenue of INR 4,418.92 crores, up 3.95% year-on-year, with EBITDA of INR 776.04 crores at a 17.56% margin. Management described FY26 as a period of consolidation with marginal volume growth, while highlighting ongoing capacity expansion, iron ore mine development, and a renewable energy program under an INR 3,000 crores capex plan. The company remained net-debt free with capex funded through internal accruals, and reported Q4 FY26 EBITDA of INR 208.92 crores at a 16.99% margin.