Gallantt Ispat FY26 PAT up 20.8% to ₹484.3 Cr; Q4 Revenue grows 12.4%
Gallantt Ispat reported FY26 PAT of ₹484.3 Cr, up 20.8% YoY, with PAT margins at 11.0%. Q4 FY26 revenue grew 12.4% YoY to ₹1204.8 Cr. EBITDA for FY26 was ₹776.0 Cr with margins of 17.6%. The company has a ₹3000 Cr capex program on track. Capacity expansion to 1.29 MMTPA is slated for H2 FY2027.
The results show positive financial performance and growth, with clear plans for future expansion and operational improvements. The capex program and mine development indicate strategic investments for long-term value creation.
The company reported strong year-on-year growth in PAT and revenue, along with improved EBITDA per tonne and margins, driven by operational efficiencies and backward integration. The capex program is on track, indicating future growth potential.
Gallantt Ispat Limited announced its Q4 and FY26 financial results, reporting a resilient performance for FY2026. The company maintained profitability amidst softer steel realisations, attributed to its integrated manufacturing model and backward integration investments.
For Q4 FY26, Revenue from Operations stood at ₹1204.8 Cr, a 12.4% increase year-on-year (YoY) and a 12.2% increase quarter-on-quarter (QoQ). EBITDA for the quarter was ₹208.9 Cr, with an EBITDA margin of 17.3%. Profit After Tax (PAT) for Q4 FY26 was ₹122.8 Cr, with a PAT margin of 10.2%.
For the full fiscal year FY26, Revenue from Operations reached ₹4418.9 Cr, a 2.9% increase YoY, supported by a 2.9% volume growth. EBITDA for FY26 was ₹776.0 Cr, maintaining healthy EBITDA margins of 17.6%. EBITDA per tonne improved to ₹8784.7 in FY26 from ₹8308.2 in FY25. PAT for FY26 saw a significant 20.8% growth over FY25, reaching ₹484.3 Cr with PAT margins of 11.0%.
The company continues to be net cash and debt-free. The ongoing ₹3000 Cr capex program, focusing on capacity expansion, mine development, and renewable energy, is on track and funded through internal cash generation. Operational updates show significant increases in Pellet and DRI production volumes, supported by backward integration and capacity additions. TMT Bar volumes remained stable.
Mr. CP Agrawal, Chairman & Managing Director, commented that FY2026 was a year of disciplined execution. He highlighted that the EBITDA per tonne improvement was driven by integration, cost management, and operating efficiencies, not price tailwinds. The company is expanding its finished steel capacity from 1.00 MMTPA to 1.29 MMTPA, expected to be commissioned in H2 FY2027, with volume impact in H2 FY2027. The operationalization of iron ore mines by FY2028 is anticipated to further improve EBITDA margins. The expansion of finished steel capacity by approximately 29-30% will be commissioned progressively through H1 FY2027. Captive iron ore blocks in Rajasthan and Uttar Pradesh are expected to deliver an EBITDA improvement of approximately ₹2,000 per tonne once operational.
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Gallantt Ispat Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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