Gallantt Ispat Limited reported steady growth for FY26, achieving consolidated revenue of INR 4,418.92 crores. The company maintains a strong balance sheet, operating as a net debt-free entity. Looking ahead, management has unveiled a INR 3,000 crores capex program aimed at expanding steel capacity, investing in solar energy, and developing captive mines to secure long-term raw material supply, targeting a 20% EBITDA margin post-completion.
Financial Highlights for FY26
Gallantt Ispat Limited concluded the fiscal year 2026 with a consolidated revenue of INR 4,418.92 crores, marking a 3.95% year-on-year growth. The company’s profitability remained robust, with EBITDA reaching INR 776.04 crores and a Profit After Tax (PAT) of INR 484.27 crores, yielding a PAT margin of 10.81%. Notably, the company reported an EBITDA per ton of INR 8,785 for the year.
Strategic Pillars for Future Expansion
The company has outlined a comprehensive INR 3,000 crores capital expenditure program to drive the next phase of growth. The roadmap is centered on three primary initiatives:
- Steel Capacity Expansion: Increasing production capacity to 1.3 million tons, with INR 1,200 crores allocated toward this goal. Production is expected to commence in the second half of the current financial year.
- Renewable Energy Integration: A INR 300 crores investment in solar power projects, including 18 MW in Gujarat and 60 MW in Uttar Pradesh, aimed at reducing power costs and enhancing sustainability.
- Mining Development: A INR 1,500 crores project to develop captive iron ore mines in Uttar Pradesh and Rajasthan by FY28, which management expects will result in an EBITDA improvement of INR 2,000 per ton.
Operational Outlook and Capital Discipline
Management highlighted that Gallantt Ispat remains net debt-free, with all capital expenditure funded through internal accruals and zero reliance on long-term loans. The focus remains on full vertical integration and sustaining a leadership position in the high-demand markets of Uttar Pradesh and Gujarat. By deepening integration through its mining initiatives, the company aims to move towards an EBITDA margin target of approximately 20%.
Source: BSE
