Q2 FY27 results: Revenue up 13% YoY, PAT falls 31% on margin pressure
GALLANTT · price
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Gallantt Ispat posted consolidated revenue of Rs 1,145.89 crores for Sep 2026 quarter, up 13.2% YoY from Rs 1,012.78 crores. Profit after tax fell 30.6% to Rs 60.51 crores versus Rs 87.23 crores a year ago. For H1 FY27, revenue grew 7% to Rs 2,291.56 crores but PAT declined 29.4% to Rs 184.18 crores. Operating margins compressed as raw material and finance costs rose faster than revenue. Auditor Singhi and Co reviewed the current quarter while the predecessor auditor had reviewed the June 2026 quarter. Final dividend of Rs 2 per share for FY26 was approved.
Higher costs ate into profits despite revenue growth, compressing margins. Mid-year auditor switch noted. Rs 2 final dividend for FY26 approved.