Electrosteel Castings Limited announced its unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. Consolidated total income stood at INR 4,602 Crores for 9M FY26, with EBITDA at INR 474 Crores and PAT at INR 145 Crores. The results reflect lower government spending on water infrastructure projects.
Financial Performance Overview
Electrosteel Castings Limited (ECL) has released its financial results for the third quarter (Q3) and the nine-month period (9M) ended December 31, 2025. Here’s a summary of the consolidated and standalone results:
Consolidated Financial Highlights
Total Income:
For Q3 FY26, total income was INR 1,526 Crores, a 16.1% decrease YoY.
For 9M FY26, total income reached INR 4,602 Crores, a 19.3% decrease YoY.
EBITDA:
Q3 FY26 EBITDA stood at INR 88 Crores, a 70.1% decrease YoY.
9M FY26 EBITDA was INR 474 Crores, a 50.6% decrease YoY.
EBITDA margin for Q3 FY26 was 5.8%, and for 9M FY26, it was 10.3%.
Profit Before Tax:
Q3 FY26 Profit Before Tax was INR 7 Crores, a 96.9% decrease YoY.
9M FY26 Profit Before Tax reached INR 235 Crores, a 67.9% decrease YoY.
Profit After Tax:
Q3 FY26 saw a loss of INR 22 Crores, compared to a profit last year.
9M FY26 PAT was INR 145 Crores, a 73.1% decrease YoY.
PAT margin for Q3 FY26 was -1.4% and for 9M FY26, it was 3.2%.
EPS:
Q3 FY26 EPS was INR -0.35.
9M FY26 EPS was INR 2.35.
Standalone Financial Highlights
Total Income:
Q3 FY26 total income was INR 1290 Crores, a 23.0% decrease YoY.
For 9M FY26, it was INR 4,000 Crores, a 23.7% decrease YoY.
EBITDA:
Q3 FY26 EBITDA was INR 83 Crores, a 70.5% decrease YoY.
9M FY26 EBITDA stood at INR 442 Crores, a 51.0% decrease YoY.
EBITDA margin for Q3 FY26 was 6.4%, and for 9M FY26 it was 11.1%.
Profit Before Tax:
Q3 FY26 Profit Before Tax was INR 12 Crores, a 94.2% decrease YoY.
For 9M FY26, it was INR 231 Crores, a 66.9% decrease YoY.
Profit After Tax:
Q3 FY26 resulted in a loss of INR 20 Crores.
9M FY26 PAT was INR 142 Crores, a 72.8% decrease YoY.
PAT margin for Q3 FY26 was -1.6%, and for 9M FY26 it was 3.6%.
EPS:
Q3 FY26 EPS was INR -0.32.
9M FY26 EPS was INR 2.30.
Operational Performance
The Company sold 1.34 Lakh tons of DI Pipes, Fittings and CI Pipes in Q3 FY26.
Outlook
The Government of India has revised the Jal Jeevan Mission’s budget outlay for the current financial year (FY 2025-26) to approximately INR 17,000 crore.
The Company expects execution recovery to gain traction and remains optimistic going forward.
Source: BSE
