Approval of Standalone and Consolidated Audited Financial Results for Half-Year/Year ended 31st March,2026.
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Gallard Steel Limited has posted strong financial results for FY2025-26 with standalone revenue from operations growing 34% to Rs 5,747 lakhs from Rs 4,281 lakhs in the previous year. Net profit after tax increased 63% to Rs 673 lakhs from Rs 413 lakhs, while EPS improved from Rs 6.75 to Rs 8.58. On a consolidated basis, revenue grew 28% to Rs 6,804 lakhs and PAT rose 50% to Rs 910 lakhs. The company successfully completed its IPO in November 2025, raising Rs 37.50 crores through issuance of 25 lakh equity shares at Rs 150 each. Of the IPO proceeds, Rs 1,148.50 lakhs has been utilized while Rs 2,601.50 lakhs remains unutilized and invested in fixed deposits with Yes Bank. Statutory auditors S.N. Gadiya & Co. have issued an unmodified opinion, confirming clean financials with no qualifications.
The company demonstrates robust operational growth with 34% revenue growth and 63% PAT growth, indicating strong execution. The successful IPO provides capital for expansion. Clean audit opinion with no going concern issues is positive for investor confidence. However, the large unutilized IPO proceeds (69% of funds) warrant monitoring for deployment efficiency.