Company Overview:
Electrosteel Castings Ltd is engaged in manufacturing ductile iron (DI) pipes, ductile iron fittings (DIF), cast iron (CI) pipes, and also produces and supplies pig iron. Presenting below its Q1 FY26 Earnings Results.
Financial Highlights for Q1 FY26:
- Revenue: ₹1,558 crore, down 22.56% year-on-year from ₹2,012 crore
- Total Expenses: ₹1,464 crore, down 15.42% year-on-year from ₹1,731 crore
- Consolidated Net Profit: ₹89 crore, down 60.62% year-on-year from ₹226 crore
- Earnings Per Share (EPS): ₹1.44, down 60.55% year-on-year from ₹3.65
Performance Insights:
- Revenue declined sharply by over 22%, indicating lower sales in DI pipes and related segments.
- Expenses fell by 15%, partially mitigating the impact of softer topline but not enough to prevent steep profit decline.
- Net profit decreased by over 60%, reflecting substantial margin pressure and lower capacity utilization.
- The company remained challenged by market headwinds and reduced demand across major infrastructure and construction clients.
Outlook:
Electrosteel Castings is focused on stabilizing volumes, optimizing costs, and strengthening its market position to restore profitability in FY26 and beyond.
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