Electrosteel Castings’ Board has approved the unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. Mr. Sunil Katial has been re-appointed as Whole-time Director and CEO for five years, starting April 1, 2026, with remuneration approved for three years, subject to shareholder approval. The Board also approved a power purchase agreement for green power at Srikalahasthi Works.
Financial Performance Approved
The Board of Directors has approved the unaudited consolidated and standalone financial results for Q3 2026. Key financial figures were included in the release and indicate the company’s financial trajectory.
Leadership Continuity
Mr. Sunil Katial has been re-appointed as the Whole-time Director and Chief Executive Officer, effective April 1, 2026, for a term of five consecutive years. His remuneration for a term of three consecutive years has also been approved, pending shareholder approval. Mr. Katial, aged 69, has over 47 years of experience in the steel and power industry, including previous roles at Steel Authority of India and as CEO of Electrosteel Steels Limited.
Green Energy Initiative
The Board has consented to enter into a Power Purchase Agreement to purchase green power for the Srikalahasthi Works (SW) through an Interstate Group Captive Power Purchase (GCPP) model. Electrosteel Castings will invest approximately ₹7.00 Crores to subscribe to 26% of the equity share capital of a Special Purpose Vehicle (SPV). An SPV is yet to be incorporated.
Financial Results Overview (Standalone)
Revenue from operations stood at ₹124157.02 lakhs. Total income reached ₹129032.45 lakhs and profit before tax was ₹-2629.70 lakhs
Source: BSE
