Gallantt Ispat Ltd, a leading iron and steel manufacturer in Eastern Uttar Pradesh, reported robust financial results for Q2 FY26 driven by strong operational performance.
Financial Highlights:
- Revenues rose 7.42% year on year to ₹1,013 crore from ₹943 crore.
- Total expenses increased 4.89% to ₹923 crore from ₹880 crore.
- Consolidated net profit soared 81.63% to ₹89 crore from ₹49 crore.
- Earnings per share (EPS) increased 81.77% to ₹3.69 from ₹2.03.
Key Business Developments:
- EBITDA increased 34.8% to ₹132 crore, with the EBITDA margin expanding from 10.4% to 13%.
- Improved realizations and cost efficiencies contributed to margin expansion.
- Board approved the sale of stake in two associate companies to a promoter group entity.
- Approved setting up an 18 MW solar power plant in Mehsana, Gujarat, expected to be operational by May 2026.
- High grid and plant availability (>99%) maintained during the quarter.
Outlook:
Gallantt Ispat plans to leverage its expanding capacity and diversification into renewable energy to sustain growth momentum amid a competitive market environment.
The strong Q2 FY26 performance reflects operational resilience and strategic initiatives positioning the company for long-term sustainable growth.
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