Gallantt Ispat Q1FY27 PAT at ₹124 Cr, EBITDA Margin 18%; ₹3000 Cr Capex On Track
Gallantt Ispat reported Q1 FY27 revenue of ₹1146 crore, up 2% YoY. EBITDA stood at ₹203 crore with an 18% margin. PAT was ₹124 crore with an 11% margin. A ₹3000 crore expansion is on track for H2 FY27.
The results show a year-on-year decline in profitability metrics, which could be a concern for investors. However, the company's ongoing expansion project and comments on operational resilience suggest potential for future improvement, balancing the immediate impact.
While revenue saw a slight year-on-year increase, both EBITDA and PAT declined compared to the previous year due to planned maintenance and rising input costs. However, sequential improvement in EBITDA margin and stable PAT provide some positive aspects, leading to a neutral sentiment.
Gallantt Ispat Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). Revenue from operations stood at ₹1146 crore, a marginal 2% increase year-on-year from ₹1128 crore in Q1 FY26, and a 4.8% decrease quarter-on-quarter from ₹1205 crore in Q4 FY26.
EBITDA for Q1 FY27 was ₹203 crore, down 20% from ₹254 crore in Q1 FY26, resulting in an EBITDA margin of 18%. The EBITDA per tonne decreased to ₹8787 from ₹11068 in the prior year's quarter. Profit After Tax (PAT) for Q1 FY27 was ₹124 crore, a 29% decline from ₹178 crore in Q1 FY26, with the PAT margin at 11% compared to 15% in the same period last year.
Operationally, production volumes were impacted by a planned shutdown of the pellet plant for maintenance. TMT Bar volumes remained steady, supported by demand from infrastructure and housing. The company expects the pellet plant to return to normalized utilization levels in the coming quarters. Geopolitical developments pose a risk to fuel prices and supply chains.
Mr. C. P. Agrawal, Chairman & Managing Director, commented that Q1 FY27 was shaped by a seasonally soft quarter, monsoon impact on construction, and firming coal and iron ore costs due to geopolitical tensions. Despite these pressures and the planned pellet plant shutdown, the integrated model provided resilience, with sequential EBITDA margin improvement to 18% and stable PAT. The ₹3,000 crore expansion to 1.23 MMTPA remains on track for H2 FY27, with captive iron ore blocks targeted for FY2028.
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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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