Gallantt Ispat Q3 FY26 Results: Revenue ₹1,089 Cr, PAT ₹100 Cr
Gallantt Ispat reported Q3 FY26 revenue of ₹1,089 crore and PAT of ₹100 crore. For 9M FY26, revenue was ₹3,249 crore and PAT stood at ₹361 crore. The company is undertaking a ₹3,000 crore capex program focused on capacity expansion and backward integration.
The announcement provides unaudited quarterly results and an update on the company's strategic initiatives and future capex plans. While the results are positive, the impact is considered medium as it does not involve significant new orders, mergers, acquisitions, or major corporate actions that would drastically alter the company's immediate trajectory.
The company reported positive financial results for the quarter and nine months ended December 31, 2025, with growth in revenue and PAT. Management commentary indicates an optimistic outlook for the next quarter with expected stronger volume growth and strengthening steel prices. The ongoing capex program also signals a positive future outlook.
Gallantt Ispat Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. For the third quarter of FY26, the company reported a revenue of ₹1,089 crore and a Profit After Tax (PAT) of ₹100 crore.
The management commentary for Q3 FY26 indicated that the topline was impacted by softer realizations, which offset marginal growth in Rebar sales. However, with the monsoon season over, Q4 FY26 is expected to benefit from stronger volume growth and strengthening of steel prices.
For the nine months ended December 31, 2025 (9M FY26), Gallantt Ispat reported a revenue of ₹3,249 crore and a PAT of ₹361 crore. The company highlighted that its 9M FY26 performance demonstrates its ability to protect margins through volume growth and structural cost advantages, despite weaker steel realizations. Integration benefits are expected to be margin-accretive going forward.
Key operational updates for Q3 FY26 include a 2.0% year-on-year increase in TMT Bars – Rolling Mills production volume to 196 KT, and a 4.1% increase in TMT Bars – Rolling Mills production volume at the Kutch plant to 72 KT. Sales volumes for TMT Bars – Rolling Mills saw a slight decrease of 2.6% YoY to 193 KT.
In terms of financial metrics for Q3 FY26, EBITDA stood at ₹169 crore, with an EBITDA margin of 15.7%. EBITDA per tonne was ₹7,843. For 9M FY26, EBITDA was ₹567 crore, with an EBITDA margin of 17.45% and EBITDA per tonne at ₹8,749.
The company also provided an update on its growth strategy, which includes phased capacity expansion to approximately 12.3 lakh MT, deepening raw material linkages with a capex of ₹1,500 crore for mines in Sonbhadra (UP) and Todpura (Rajasthan), and a shift towards renewable energy with a capex of ₹300 crore for a 78MW solar plant. A total capex program of ₹3,000 crore is being deployed, with significant allocation towards backward integration of key raw materials and phased capacity expansion over the next 2-3 years.
The investor presentation is available on the company's website at www.gallantt.com.
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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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