Electrosteel Castings Limited has released its audited financial results for the quarter and financial year ended March 31, 2026. The company reported annual revenue of Rs. 591,802.44 lakhs on a consolidated basis. Alongside financial disclosures, the company announced a final dividend of 90% (Re. 0.90 per share), leadership changes in the Board and committees, and a strategic entry into the Industrial Paints & Protective Coatings market with an estimated investment of Rs. 80-100 crore.
Financial Performance Overview
For the financial year ended March 31, 2026, the company achieved consolidated revenue from operations of Rs. 591,802.44 lakhs. The consolidated net profit for the period stood at Rs. 16,147.53 lakhs. Shareholders have been recommended a final dividend of Re. 0.90 per equity share (90%) for the financial year, subject to approval at the upcoming Annual General Meeting.
Strategic Market Entry
The Board has approved the company’s entry into the Industrial Paints & Protective Coatings market. This move aims to leverage existing manufacturing capabilities in protective coatings, currently used for captive consumption, to address a broader external market. The indigenous market for this sector is estimated at Rs. 29,000 crore, exhibiting a 10% CAGR. The company plans to deploy an investment of Rs. 80-100 crore in a phased manner to capture this opportunity.
Leadership and Governance Updates
The company announced key changes to its governance structure. Mr. Rajkumar Khanna has been appointed as the Chairman of the Board with effect from May 18, 2026, following the resignation of the previous Chairman. Additionally, the Nomination and Remuneration Committee has been reconstituted, with Mr. Jinendra Kumar Jain now serving as its Chairman.
Furthermore, the Board has re-appointed Mr. Uddhav Kejriwal as Whole-time Director for a term of 5 years starting June 16, 2026. The tenure for Mrs. Priya Manjari Todi, also a Whole-time Director, has been revised from 3 years to 5 years, effective from February 14, 2025.
Operational Highlights
The company successfully acquired a 100% shareholding in T.I.S. Services S.P.A on July 29, 2025, expanding its international footprint. This business combination has been incorporated into the consolidated financial results for the year. The company continues to maintain a strong focus on its core business segment of Pipes and fittings.
Source: BSE
