Gallantt Ispat Limited, a leading Rebar producer, reported a resilient performance for the quarter and year ended March 31, 2026. Despite softer steel realisations, the company achieved FY26 revenue of ₹4,418.9 crore and a PAT growth of 20.8%. With an ongoing ₹3,000 crore capex program and healthy EBITDA margins of 17.6%, the company continues to leverage its integrated manufacturing model to drive long-term value and operational efficiency.
Financial Highlights for FY2026
Gallantt Ispat Limited demonstrated significant financial resilience throughout the fiscal year. The company reported Revenue from Operations of ₹4,418.9 crore for FY26, a notable increase over the ₹4,292.7 crore recorded in FY25. This growth was supported by a 2.9% year-on-year volume increase, which helped offset the impact of challenging pricing conditions in the steel market.
Profitability remained strong, with Profit After Tax (PAT) reaching ₹484.3 crore, representing a robust 20.8% growth compared to the previous year. The EBITDA margin was maintained at a healthy 17.6%, underpinned by the company’s strategic focus on cost management and integrated operations.
Quarterly Performance Review
In the final quarter (January-March 2026), the company reported revenue of ₹1,204.8 crore, a 12.4% increase year-on-year. PAT for the quarter stood at ₹122.8 crore with a margin of 10.2%. The management highlighted that EBITDA per tonne improved by 13.3% on a quarter-on-quarter basis, reflecting the benefits of backward integration and operational efficiencies.
Strategic Outlook and Expansion
Gallantt Ispat Limited is currently executing a ₹3,000 crore capex program focused on capacity expansion, mine development, and renewable energy. The company aims to increase its finished steel capacity from 1.00 MMTPA to 1.29 MMTPA, with commissioning expected in the second half of FY2027.
The company remains a net cash, zero term-debt entity. Looking ahead, the planned operationalisation of captive iron ore blocks in Rajasthan and Uttar Pradesh by FY2028 is expected to further enhance raw material security and contribute to an estimated EBITDA improvement of approximately ₹2,000 per tonne, strengthening the company’s competitive advantage in the Indian steel sector.
Source: BSE
