Gallantt Ispat (GALLANTT) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 revenue was Rs. 114,566.71 lakh; EBITDA and PAT margins were 18% and 11%, with input-cost pressure and pellet plant maintenance affecting performance.

• Board approved Q1 standalone and consolidated results, accepted the statutory auditor’s resignation, proposed a replacement auditor subject to AGM approval, and appointed Amit Jalan CFO.

Financial highlights

• Standalone revenue from operations was Rs. 114,566.71 lakh versus Rs. 112,777.84 lakh in Q1 FY26; total income was Rs. 116,397.70 lakh versus Rs. 113,460.30 lakh.

• Standalone PBT was Rs. 16,481.45 lakh versus Rs. 21,637.29 lakh in Q1 FY26; net profit was Rs. 12,366.74 lakh versus Rs. 11,976.77 lakh.

• EBITDA was INR 203 crore versus INR 254 crore in Q1 FY26 and INR 209 crore in Q4 FY26; margin was 18% versus 23% and 17.3%, respectively.

• Standalone finance costs were Rs. 847.35 lakh versus Rs. 564.54 lakh in Q1 FY26; depreciation and amortization was Rs. 3,011.47 lakh versus Rs. 3,165.38 lakh.

Outlook and guidance

• Capacity expansion from 1.0 million to 1.23 million tons remains on track for commissioning in H2 FY27; higher volumes are expected as additions come on stream.

• Domestic steel demand is projected to grow 7%-9%; Q2 is expected to remain muted during monsoon, with activity typically picking up from Q3.

• Management expects no substantial full-year EBITDA erosion despite input-cost pressure; solar projects are expected to reduce costs once operational, with captive mines targeted for FY28.