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What is the story about?
Gallantt Ispat reported a 14% year-on-year growth in power production for the fourth quarter, alongside a sharp rise in pellet output and steady gains in steel sales.
As per an exchange filing on Monday, April 6, its pellets production surged 59% YoY to 2.21 lakh metric tonnes during the quarter, while steel sales rose 9% YoY to 0.23 million tonnes.
On the operational front, the company recorded capacity utilisation of 91% in Q4 and 86% for FY26.
Steel production stood at 0.24 million tonnes in Q4, up 9% YoY, and 0.88 million tonnes for FY26, marking a 3% YoY increase. Steel sales for FY26 came in at 0.85 million tonnes, also up 3% YoY.
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In Q3 FY26, the firm had reported a subdued performance with key profitability metrics declining on a year-on-year basis.
Net profit fell 12% to ₹100.4 crore in Q3, compared with ₹114 crore in the corresponding quarter last year. Revenue declined 4% to ₹1,073.6 crore from ₹1,118 crore a year ago.
EBITDA dropped 23% year-on-year to ₹154 crore, against ₹199.1 crore in Q3 of the previous financial year. Operating margin also contracted to 14.3% from 17.8% in the year-ago period, reflecting lower operating leverage.
Shares of Gallantt Ispat Ltd ended higher on Monday, closing at ₹564.45 on the NSE. The stock gained ₹8.55, or 1.54%, in the session, reflecting positive movement during the day’s trade.
Also Read: Aurobindo arm CuraTeQ reports positive Phase 3 results for allergy drug BP11
As per an exchange filing on Monday, April 6, its pellets production surged 59% YoY to 2.21 lakh metric tonnes during the quarter, while steel sales rose 9% YoY to 0.23 million tonnes.
On the operational front, the company recorded capacity utilisation of 91% in Q4 and 86% for FY26.
Steel production stood at 0.24 million tonnes in Q4, up 9% YoY, and 0.88 million tonnes for FY26, marking a 3% YoY increase. Steel sales for FY26 came in at 0.85 million tonnes, also up 3% YoY.
Also Read: Indian companies' $7 billion NDF hoard shows firms seized rupee arbitrage window
In Q3 FY26, the firm had reported a subdued performance with key profitability metrics declining on a year-on-year basis.
Net profit fell 12% to ₹100.4 crore in Q3, compared with ₹114 crore in the corresponding quarter last year. Revenue declined 4% to ₹1,073.6 crore from ₹1,118 crore a year ago.
EBITDA dropped 23% year-on-year to ₹154 crore, against ₹199.1 crore in Q3 of the previous financial year. Operating margin also contracted to 14.3% from 17.8% in the year-ago period, reflecting lower operating leverage.
Shares of Gallantt Ispat Ltd ended higher on Monday, closing at ₹564.45 on the NSE. The stock gained ₹8.55, or 1.54%, in the session, reflecting positive movement during the day’s trade.
Also Read: Aurobindo arm CuraTeQ reports positive Phase 3 results for allergy drug BP11
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