Gallantt Ispat Q1 FY27 Revenue at ₹1146 Cr, EBITDA Margin at 18%
Gallantt Ispat reported Q1 FY27 revenue of ₹1146 crore, up 2% YoY. EBITDA was ₹203 crore with an 18% margin, and PAT was ₹124 crore with an 11% margin. A ₹3000 crore expansion is on track for H2 FY27. The company noted softer steel realisations and a pellet plant shutdown impacting performance.
The results indicate a slight year-on-year decline in profitability metrics, though sequential improvement and ongoing expansion projects suggest a moderate impact on the company's outlook.
The results show a mixed performance with slight revenue growth but a decline in EBITDA and PAT compared to the previous year, balanced by sequential margin improvement and future expansion plans.
Gallantt Ispat Limited announced its Q1 FY27 financial results, reporting revenue from operations at ₹1146 crore, a marginal increase of 2% year-on-year from ₹1128 crore in Q1 FY26. The company's EBITDA for the quarter stood at ₹203 crore, with an EBITDA margin of 18%. This compares to an EBITDA of ₹254 crore and a margin of 23% in the same period last year. EBITDA per tonne decreased to ₹8787 from ₹11068 year-on-year.
Profit After Tax (PAT) for Q1 FY27 was ₹124 crore, resulting in a PAT margin of 11%, down from ₹174 crore with a 15% margin in Q1 FY26. The decrease in financial performance was attributed to softer steel realisations and a planned shutdown of the pellet plant for maintenance, partly offset by structural cost advantages and backward integration benefits.
Operationally, production volumes saw a decrease in pellets (-36%) and DRI (-43%) due to the pellet plant shutdown. TMT Bar volumes remained stable at 191.8 KT. The company is undertaking a ₹3000 crore expansion project, which is on track for H2 FY27, and its captive iron ore blocks in Rajasthan and Uttar Pradesh are targeted for FY2028.
Mr. C. P. Agrawal, Chairman & Managing Director, commented that Q1 FY27 was shaped by a seasonally soft quarter, monsoon's impact on construction, and rising coal and iron ore costs due to geopolitical tensions. He highlighted the resilience of the integrated model, with sequential EBITDA margin improvement to 18% and stable PAT.
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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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