Q1 FY27 Results: PAT Down 29% YoY, Auditor and CFO Change
GALLANTT · price
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Gallantt Ispat posted Q1 FY27 revenue from operations of Rs. 114,566.71 lakhs, up about 1.6% from Rs. 112,777.40 lakhs YoY. Net profit fell sharply to Rs. 12,366.74 lakhs from Rs. 17,379.13 lakhs, a decline of about 29%. EPS came in at Rs. 5.13 versus Rs. 7.20. Auditor Maroti and Associates resigned citing increased scale and complexity of the audit; Singhi and Co appointed as new statutory auditor subject to AGM approval. Amit Jalan named new CFO and KMP. Auditor issued an unmodified limited review opinion.
Sharp profit decline and mid-year auditor change are negatives despite steady revenue. Watch margin trends and new auditor governance.