Gallantt Ispat Q2 FY27 Revenue Rises 13% to ₹1146 Cr; EBITDA Up 18%
Gallantt Ispat reported Q2 FY27 revenue of ₹1146 crore, up 13% YoY. EBITDA increased 18% YoY to ₹111 crore. PAT rose 31% YoY to ₹61 crore. Capacity utilization reached 70%. The company has incurred ₹652.54 crore of its ₹3000 crore capex plan.
The announcement provides key financial performance indicators, operational highlights, and strategic updates that are material for investors. The positive growth trends and ongoing capex are significant factors influencing investor perception.
The company has reported strong year-on-year growth in revenue and EBITDA, along with significant increases in PAT and capacity utilization. The capex plan is progressing well, indicating future growth potential.
Gallantt Ispat Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a revenue of ₹1145.89 crore for Q2 FY27, marking a 13% year-on-year increase and a marginal 0.02% quarter-on-quarter growth. EBITDA stood at ₹110.52 crore, an 18% YoY increase and a substantial 45.7% QoQ improvement, with the EBITDA margin at 9.64%. The EBITDA per tonne was ₹6149, up 7% YoY and 30% QoQ. Profit After Tax (PAT) for the quarter was ₹60.51 crore, a 31% YoY increase and a 51.1% QoQ rise. The company's capacity utilization stood at 70%, a 12% YoY increase and a 22.4% QoQ jump. Production and sales volumes were 180 KT and 164 KT, respectively. The company has incurred a Capex of ₹652.54 crore out of a planned ₹3000 crore, with a Net Debt of ₹190.58 crore and a credit rating of IND AA- / Stable. Gallantt Ispat is the largest rebar producer in Uttar Pradesh and has a significant integrated operation from pellets to TMT bars, supported by 129 MW of captive power and its own logistics infrastructure.
In terms of operational performance, the company's capacity utilization reached 70% in Q2 FY27, a 12% YoY and 22.4% QoQ increase. Production and sales volumes were 180 KT and 164 KT, respectively. The total average realization across Gorakhpur and Kutch plants was ₹47,200 per metric ton. Captive power accounted for 89% of the company's power requirements. The company also reported a capacity addition of 18 MW Solar, commissioned in July 2026.
The financial overview for Q2 FY27 shows a revenue of ₹1146 crore, a 13% YoY increase. EBITDA was ₹111 crore with a margin of 9.64%, while PAT was ₹61 crore with a margin of 5.28%. EBITDA per tonne was ₹6149. The company has a Debt/Equity ratio of 0.289 and a ROCE of 7.09% as of September 2026. The consolidated Profit and Loss statement indicates total income of ₹1164 crore and total expenses of ₹1081 crore, resulting in a profit before tax of ₹83 crore and a net profit of ₹61 crore for Q2 FY27. The company's long-term capex plan of ₹3000 crore is progressing, with ₹652.54 crore spent to date.
The outlook for the steel industry remains positive, particularly in India, which is expected to contribute significantly to global demand growth. Gallantt Ispat's strategic focus on integrated operations, capacity expansion, and leveraging its strong market position in Uttar Pradesh positions it well to capitalize on these trends. The company is also investing in technology, including SAP S/4 HANA and Salesforce CRM, to enhance operational efficiency and decision-making.
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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 high impact, which is the band that most often changes something.
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