Submission of Investor Presentation in relation to Audited Financial Results for the quarter and year ended 31st March, 2026.
GALLANTT · price
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Gallantt Ispat reported FY26 revenue of ₹4,419 Cr (up 2.9% YoY) with EBITDA of ₹776 Cr (up 9.3% YoY) and EBITDA margin of 17.6%, expanding 102 bps. PAT came in at ₹484 Cr, growing 20.8% YoY, with a PAT margin of 10.8%. Q4 FY26 revenue was ₹1,205 Cr with EBITDA of ₹209 Cr (17.3% margin, down 82 bps YoY). The company is the largest rebar producer in Uttar Pradesh with 25% market share, operating 1.0 MMTPA steel capacity and 129 MW captive power across Kutch and Gorakhpur. It has secured three iron ore mines (UP & Rajasthan) totalling ~136 MT reserves and is deploying ₹3,000 Cr capex programme (₹1,500 Cr mines, ₹1,200 Cr steel, ₹300 Cr solar). All capex is funded through internal accruals; the company is debt-free with ROCE at 89.3% in FY26. EBITDA per tonne improved to ₹8,785 driven by integration benefits, and management targets ~₹2,000/tonne EBITDA improvement from backward integration.
Strong bottom-line growth with structural margin expansion signals sustainable profitability; debt-free status and captive raw material linkage (mines) reduce commodity risk and support long-term earnings visibility. The ₹3,000 Cr capex plan (mines + capacity + solar) is entirely self-funded, avoiding dilution and maintaining the balance sheet strength.